Collection Agencies and Invoice Factoring Companies are not the same

Posted by Gil Oliva on Fri, May 30, 2014 @ 08:00 AM

Collection Agencies are not Invoice Factoring Companies but the Rules of Engagement are Equally Important.

It is often assumed that invoice factoring companies and collection agencies have a similar role. The fact is they really don’t. Factors collect money now on accounts receivables due in the future; collections agencies collect money now on accounts receivables that have gone into collection because, for whatever reason, your customer has not paid. However, there are some similar considerations, such as reliability, credibility and experience, when it comes to picking a factor or an agency to use for collections.

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Topics: About Invoice Factoring, Financing Government Contractors

Memorial Day 2014 - A Moment of Reflection

Posted by Jesus McDonald on Wed, May 28, 2014 @ 08:02 AM

As we work through our rushed week, cramming into four days what needed to be accomplished in five; remembering with happiness the long weekend but at the same time wishing time would stand still so we could catch up, we should all take a moment to breathe, open our peripheral vision and reflect a little.

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When Should you Consider Switching Your Invoice Factoring Service?

Posted by Gil Oliva on Fri, May 23, 2014 @ 08:00 AM

Factoring in the Change

Bay View Funding was obviously more than happy to help an oil pipeline contractor who was dissatisfied with the service his company was receiving from their existing accounts receivable financing company. But what prompted the need for change?

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Topics: Financing for the Oil and Gas industry, Financing Government Contractors, About Invoice Factoring

Three Ongoing Business Challenges for 2014

Posted by Gil Oliva on Wed, May 21, 2014 @ 07:52 AM

As we near the halfway point of 2014, it is a good time to take a look at some of the big challenges small businesses continue to face.

In an article addressing key issues small businesses will face in 2014, Angus Loten and Sarah E Needleman look at three big challenges for 2014 and beyond. In summary, they discuss the following:

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Topics: Cash Flow Solution, About Invoice Factoring

Dispel the Myth– an Invoice Factoring Company is not a Collections Agency

Posted by Steve Barthol on Fri, May 16, 2014 @ 08:05 AM

Do you have customers who simply have not paid on their invoices? Collections could be an answer, but when should you resort to this, how does it work, and how does it differ from invoice factoring?

There is a common misconception that collections agencies and invoice factoring companies are similar. This could not be further from the truth. Both receive money from your customers, but there are some major differences.                                                                                                                           

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Topics: Financing Government Contractors, About Invoice Factoring

Be Prepared – The Importance of Cash Flow Projection

Posted by Aaron Zahedani on Wed, May 14, 2014 @ 08:34 AM

Projecting cash flow is one of the most vital elements to a profitable business. If the cash flowing in to your business is not matched with the cash flowing out, chances are you will be looking at badly managed cash flow, and a potential crisis.

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Topics: Cash Flow Solution, Solving Cash Flow Problems, Factoring Accounts Receivable, About Invoice Factoring

Providing Trucking Companies with a Financial Road Map to Success

Posted by Seth Herman on Fri, May 09, 2014 @ 07:46 AM

Are you faced with more than just worrying about getting a load delivered on time? And not just juggling the finances, but concerned about paperwork and the administrative burden? Freight factoring may hold the key.

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Topics: Cash for Copies Program for Trucking, Trucking Factoring, Freight Factoring for Trucking Companies

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