Is your Outdated Finance Management System Hurting your Business?

Posted by Gil Oliva on Fri, Oct 03, 2014 @ 08:00 AM

How long do you spend working on invoicing and all the related spreadsheets and paperwork inherent in the process? Is this the most effective use of your time? 

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Topics: Factoring Accounts Receivable, Accounts Receivable Management, Client Center

How Do I Finance my Business Equipment?

Posted by Jesus McDonald on Wed, Oct 01, 2014 @ 07:48 AM

There are a few options available for business equipment financing. The first being exactly that; business equipment financing!

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Topics: About Invoice Factoring, Financing Government Contractors, Business Equipment Financing

Small Business Help - Clarifying Job Descriptions

Posted by Seth Herman on Fri, Sep 26, 2014 @ 08:04 AM

You have a job opening, and you want to make sure and employ the best person for the job. A well-written job description will go a long way towards success. Whether you are considering using a staffing agency or interviewing for yourself, how should you deliver the information? 

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Topics: Payroll Funding for Staffing Companies, Payroll Advance Program for Staffing Agencies, About Invoice Factoring

What do I need to do to Qualify for a Small Business Loan?

Posted by Gil Oliva on Wed, Sep 24, 2014 @ 07:56 AM

Small businesses need to be funded, and it appears that the options for funding are opening up. Let’s consider the small business loan option, and what you will need to provide to your lender when applying.

An article in SBA News very clearly sets out what needs to be addressed when your company decides to apply for a business loan. The most common forms of small business financing can be found through a bank or a government agency such as the Small Business Administration (SBA). The most important requirement is that your company must be financially able to cover any obligations despite any hiccups along the way. It is vital to maintain good credit standing and excellent business relationships with both customers and vendors

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Topics: About Invoice Factoring, Financing Government Contractors, Working Capital, Small business loan

Cash Flow Management – The Growth Catalyst

Posted by Gil Oliva on Fri, Sep 19, 2014 @ 08:01 AM

Poor cash flow management; it is the Achilles heel for many small businesses. It is always hard when your customers pay late, but if you effectively manage your cash flow, late payment shouldn’t mean disaster. It pays to be prepared!

Let’s face it; there is a lot to think about when starting a new business. It is common business practice to take on long, and short-term debt to help finance operating expenses, especially as you start out and as you begin to grow. This debt needs to be managed and utilized in a way that will encourage success, not bog you down in the debt mire. It certainly feels great when you realize your company has grown enough that you can balance your accounts payable with your accounts receivable. But then it is time to grow again and this is when cash flow management becomes even more critical.

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Topics: Manufacturing and Distribution Financing, Cash Flow, Financing Government Contractors, About Invoice Factoring

Helping your Customers Pay – Accounts Receivable Management

Posted by Steve Barthol on Wed, Sep 17, 2014 @ 08:00 AM

What methods of payment do you accept from your customers? The more payment options you are prepared to accept, generally the easier it is to receive an on-time payment. Make it as easy as possible for your customers and therefore for you.

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Topics: Alternative Financing, Cash Flow Solution, Financing Government Contractors

Are Reminder Letters Really an Important Part of Invoice Collection?

Posted by Gil Oliva on Fri, Sep 12, 2014 @ 07:57 AM

Worried about timely payment of your accounts receivable? Never underestimate the importance of a reminder letter. Try the ‘I want to help’ approach before considering a collection agency. One of the biggest headaches for any small business is the payment collection challenge.

If you have planned and worked out which customers are good credit risks, and have offered them payment terms, you may then be concerned about further late payment. So you want to employ the most effective tactics to encourage on-time payment. Are you prepared to ask your customers to pay their bills, or do you leave it until payment is late and decide on an approach then? Payment reminder letters are always helpful as a tactic prior to any form of late payment.

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Topics: Cash Flow, Accounts Receivable Collection, About Invoice Factoring

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