With Cledara, you have the option to shorten your statement cycle to either daily or weekly. In other words, you get to decide how often your Available balance gets replenished.
Shortening the statement cycle is incredibly useful when you are expecting to spend more than the credit limit your workspace has.
For example, if your workspace has a credit limit of $100,000, but you are expecting to spend around $250,000 every month.
By shortening the statement cycle to weekly, your statement will close and repayment will be initiated at the end of each week. As each repayment is settled, your available balance will be refilled to $100,000 for you to make further payments.
This means that with a weekly statement cycle, you will be able to pay up to $100,000 four times a month.
Please reach out to support@cledara.com if you want to shorten your statement cycle.