Why Bay View Funding’s Choice of Charity Means so Much

Posted by Jesus McDonald on Fri, Mar 07, 2014 @ 07:52 AM

A Strong Team Pulls Together

 

Find out why raising money for the American Cancer Society means so much to the employees at the invoice factoring company Bay View Funding.

Glen Shu, President and CEO of Bay View Funding, strongly believes in a company work environment that encourages a feeling of community among his employees. A group of employees with no connection is less likely to pull together as a team to help make a difference. He was keen to find the right charitable cause that would also support his staff. Lynn Richard, AVP and Senior Account Executive, suggested the American Cancer Society because she has been involved in fundraising activities for cancer for several years. More importantly, Lynn is a cancer survivor herself. She was also aware of coworkers who had lost loved ones to cancer. Glen needed no convincing, and agreed that this should be a charity the company would support.

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Topics: About Invoice Factoring

Warning! New IT Security Threat – Cryptorbit, a New Virus

Posted by Jesus McDonald on Fri, Feb 28, 2014 @ 08:05 AM

Do not risk exposing your company’s confidential data to security threats!

There are many articles written about IT security threats. We often choose to believe it will not happen to our business, until something catastrophic does occur, and then it can be too late! The risk of losing confidential data should be a strong enough incentive, but understandably we often trust the systems that are in place, and we assume our data is protected.

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Topics: About Invoice Factoring

Can Accounts Receivable Funding be Bad for Business?

Posted by Seth Herman on Wed, Feb 26, 2014 @ 08:06 AM

Warning! You are about to read a blog following a negative question! Can invoice factoring be bad for business? Read on.

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Topics: About Invoice Factoring, Factoring Accounts Receivable, Financing Government Contractors

Be the Best Temporary Staffing Agency – How Payroll Financing can help!

Posted by Gil Oliva on Fri, Feb 21, 2014 @ 07:55 AM

As a temporary staffing agency, you find the best people for the best positions – Concentrate on your exceptional skills, and allow us to help you with your working capital requirements!

Your temporary staff is your lifeblood, but connecting with the correct companies with which to do business is an absolutely imperative element to success. As a staffing organization, you are essentially providing an outsourced recruiting and screening service for many diverse industries, companies and for many different positions. The pressure is on!

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Topics: Payroll Funding for Staffing Companies, About Invoice Factoring, Financing Government Contractors

Invoice Factoring - What Happens When Customers Don’t Pay?

Posted by Gil Oliva on Wed, Feb 19, 2014 @ 08:21 AM

Considering invoice factoring? Worried about the implications if a customer does not pay? Allow us to help clarify the process.

Firstly, to put your mind at rest before we go into details, an efficient invoice factoring company will thoroughly vet your customers for reliability to reduce the risks associated with non-payment:

With these provisions in place, non-payment to your factor by your customer would be unlikely, but let’s still address the outcomes should your customer choose not to pay.

One of the main decisions is to determine the best factoring service for your company. This relates to the contract you sign when you decide to sell your invoices to a factor for fast cash flow.

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Topics: About Invoice Factoring

Factoring for Oil and Gas – A Great Financing Tool

Posted by Aaron Zahedani on Fri, Feb 14, 2014 @ 08:12 AM

Opportunities in the oil and gas sector are set to increase in 2014 – find out how invoice factoring can help your business keep up.

Firstly, what is all the hype about?

According to a recent article in CNN Money, the US is set to overtake Russia as the biggest oil producer outside OPEC during 2014. The reason? There has been a huge investment in the production of shale gas in the US. This increased investment is partly due to new technologies, such as hydraulic fracking, that make the extraction of oil and gas from shale rock commercially viable.

The new processes involving shale oil and gas excavation are driving plenty of business for many companies involved in the oil and gas industry. The International Energy Agency estimates that the US will produce more than 11 billion barrels of oil and natural gas liquids per day in the second quarter of 2014.

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

Factor More Invoices - Grow Your Business

Posted by Gil Oliva on Wed, Feb 12, 2014 @ 08:14 AM

Are you already factoring some of your invoices? Have you thought about how factoring more of your accounts receivables could help grow your business?blog_2.12

Generally speaking, the rates you receive from an invoice factoring company will vary according to a selection of criteria, which will alter slightly from factor to factor:

  • Anticipated monthly invoice factoring volume
  • Customer credit worthiness
  • Number of factored customers
  • Number of invoices sent to customers
  • Average invoice amount
  • Accounts receivable turnover (average paying time)
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Topics: Business Growth, How to Grow Your Business, About Invoice Factoring, Financing Government Contractors

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