Invoice Factoring and the Customer Interface

Posted by Gil Oliva on Fri, Nov 22, 2013 @ 07:30 AM

A question often asked of invoice factoring companies is will you contact our customers?

The answer is, of course, a resounding ‘yes’. This leads to the importance of searching for a factoring company who understands the business, and is able to interface with your customers at the highest level in a courteous and knowledgeable manner. Let’s examine why the interaction with your customers is necessary.

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Topics: Factoring Companies, About Invoice Factoring

Financing for the Oil and Gas Industry

Posted by Aaron Zahedani on Wed, Nov 20, 2013 @ 07:00 AM

Are you an oilfield goods or services contractor looking for faster payment on your accounts receivables?  A specialist-factoring company, who understands the issues of your specific industry, can help to find an answer.

There is a buzz about factoring companies who specialize in certain industries. Invoice financing companies who offer industry solutions do so because they understand the process and have experience in specialist fields.

If you supply products or services to the oil and gas industry you will already know some of the issues you face when it comes to invoice collection. Similar to the government space, oil and gas customers are generally extremely reliable about payment, and have excellent commercial credit, but often require that their suppliers extend their invoice payment terms to 30 days at the minimum, but up to 60 or even 90 days.

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

It pays to be Honest in a Cash Flow Crisis

Posted by Gil Oliva on Fri, Nov 15, 2013 @ 07:30 AM

If you think omitting information on your invoice factoring application will go unnoticed, think again!

While factoring receivables is a great answer for many companies who are thriving, more often than not a search for accounts receivable financing is driven by a cash flow crisis. 

It may be that you have some outstanding substantial invoices but you are in a cash flow meltdown, in which case factoring may be a perfect fit for your company. In this instance, even if you have a few issues to contend with, a factor will more than likely be able to help. However, it is always worth adopting cash flow best practices to try and avoid getting to the sink or swim period of accounts receivable collection.

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Topics: Cash Flow Solution, About Invoice Factoring, Financing Government Contractors

The Invoice Factoring Process – Are you prepared?

Posted by Aaron Zahedani on Fri, Nov 08, 2013 @ 08:11 AM

The speed with which your company is initially funded is in part down to you.

You frequently hear about how easy it is to factor your invoices, and it certainly can be, but promptly providing the correct information requested from your factor helps the process run smoothly and quickly

So you are seriously considering invoice factoring, and of course you want to be funded as quickly as possible. As we have mentioned before, an experienced factoring company wants the same for you, but will not compromise standards to push funds through quickly, which really works in your favor in the long run. Invoice factoring should never be considered a last minute answer!

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Topics: About Invoice Factoring, Financing Government Contractors

Invoice Factoring – 5 Frequently Asked Questions

Posted by Gil Oliva on Wed, Nov 06, 2013 @ 06:45 AM

Thinking about accounts receivable financing?  We have compiled 5 frequently asked questions to help in the decision making process.

1.              How does invoice factoring benefit my business?

To coin a familiar phrase in business, ‘it’s all about cash flow’, and if your particular business is generating a regular amount of accounts receivables, a good invoice factoring company specializing in AR funding, can help increase cash flow while reducing credit and collections headaches. If your capital is available quickly, your cash flow is increased and you have access to immediate working capital.

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Topics: The Benefits of Invoice Factoring, About Invoice Factoring, Financing Government Contractors

Invoice Factoring - A Serious Financing Tool

Posted by Gil Oliva on Wed, Oct 30, 2013 @ 06:30 AM

Have you always considered invoice factoring to be the last resort answer for cash flow problems?  A form of financing you would not consider unless you were about to fail? 

Accounts receivable factoring is an excellent funding source for large businesses wanting to receive quick payment on outstanding invoices, as well as new and rapidly growing businesses that are organized and understand their sales cycle.

It pays to be organized.  A well-run company seeking accounts receivable funding will be far more successful obtaining financing than those companies looking for factoring as a last resort answer to cash flow issues. Certain fundamental elements need to be in place, such as:

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

Why Government Contracting is Good For Business

Posted by Gil Oliva on Fri, Oct 25, 2013 @ 07:45 AM

Federal spending is healthy which means excellent opportunities for government contractors.

So is the United States Government one of your best customers? If not, it may be time to consider the benefits.

Getting your foot in the door may seem daunting, but once you have made the decision to go after contracts with the U.S. Government, the procedure is well documented, and relatively simple to follow. Check out our earlier blog covering tips on the bid process, and useful links to help explain the process. 

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Topics: Alternative Financing, Cash Flow, How to Grow Your Business, About Invoice Factoring

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