The holiday season is upon us, bringing with it well earned year-end parties and celebrations. Now is a good time to check your lists twice and reflect upon the cash flow management of your business for 2014. How did your business measure up against financial goals? What are the lessons learned going into the New Year?
Topics: Cash Flow, Business Growth, Financial goals
Are you already factoring some of your invoices? Have you thought about how factoring more of your accounts receivables could help grow your business?
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:
Topics: Business Growth, How to Grow Your Business, About Invoice Factoring, Financing Government Contractors
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:
Topics: Business Growth, About Invoice Factoring, Financing Government Contractors
Can factoring your accounts receivable really increase efficiency? There are fees attached to factoring after all, and does invoice factoring really end up being a cost effective answer that genuinely makes a company more profitable?
Efficiency is the driving force behind success. Our society has come to expect ‘instant’ results. We order products from the Internet, and companies like Zappo’s have set the bar high, and lead us to expect delivery of items we order the very next day. We feel disappointed if we have to wait too long to receive items we sometimes didn’t even know we wanted!
Topics: Alternative Financing, Cash Flow, Business Growth, About Invoice Factoring
Do Fortune 500 companies really factor their invoices? Believe it or not, factoring is an excellent tool used by all sizes of companies to increase cash flow without increasing debt burden.
Topics: Alternative Financing, Cash Flow, Business Growth, About Invoice Factoring, Financing Government Contractors
In the excitement of landing a new account do you always remember to sign a contract with your customer? Every business requires a clear set of terms succinctly laid out prior to providing any type of product or service. We are not just talking about paving the foundation for prompt payment here, we are referring to the complete sales and deliverable process.
Topics: Business Growth, How to Grow Your Business, Solving Cash Flow Problems, About Invoice Factoring
As a business owner, how many hats do you wear? Is it possible that you are trying to do too much to keep your business running successfully? How successful can we really be by constantly multitasking?
Topics: Factoring Companies, Cash Flow, Business Growth
