How a Flexible Supply Chain Can be an Impactful Differentiator

Posted by Gil Oliva on Wed, Mar 19, 2014 @ 08:01 AM

Are you able to respond quickly to a change in demand? How about a major disruption to the distribution or manufacturing process?

On an operational level, how quickly can your company react to problems or opportunities in the short term, such as a late delivery, a customer needing extra items on a large order, or items that were due to be delivered by ground now need to get there overnight. On a larger scale, your company wants to start selling on the web, or a product is changing design or certain components, and therefore disrupting the production process. What would it take to change the direction of your supply chain?

A successful business is able to quickly respond to sudden alterations in demand. The need to be able to adapt to sudden change is vital in today’s rapidly advancing world. This has become harder in an economy that demands efficiency. The recession witnessed a drop in demand, which saw many companies trimming inventory and cutting costs in supply chain operations. However, a company with a weakened supply chain struggles to keep pace with economic recovery.

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Topics: Cash Flow Solution, How to Grow Your Business, The Benefits of Invoice Factoring, About Invoice Factoring

Invoice Factoring – The Financing Fast Lane

Posted by Gil Oliva on Wed, Jan 29, 2014 @ 08:20 AM

Factoring is a fast and efficient financing option, providing cash now for your invoices due to be paid later. When cash flow is crucial, waiting for a bank loan may not be an option that is fast enough!

There are many reasons to factor your accounts receivables and today I will focus on speed. Hurry up and wait is what can happen when you attempt to secure a loan from the bank. Answering many questions, and gathering paperwork relating to the finances of your company may still end in disappointment.

Have you offered your customers payment terms? Factoring your invoices will enable you to easily and promptly receive cash upon completion of the job rather than waiting up to 90 days for payment.

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

Invoice Factoring – an Immediate Fast Cash Flow Solution

Posted by Gil Oliva on Fri, Jan 17, 2014 @ 07:56 AM

Invoice factoring really can be an immediate cash flow solution if your company is waiting on accounts receivable payment.

In prior blogs, we have discussed how to navigate through the cash flow challenge with suggestions on cash flow best practices. There is no doubt that the faster you get paid, the faster you can grow and take care of business. To recap, factoring your accounts receivables allows you access to your cash today, rather than waiting 30 – 90 days for your invoices to be paid.

Do your research! Make sure you choose an experienced invoice factoring company that thoroughly understands the process. Bay View Funding has been committed to solving cash flow challenges since 1985, and is 100% dedicated to customer satisfaction.

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

2014 - How Healthy is Your Cash Flow?

Posted by Aaron Zahedani on Wed, Jan 08, 2014 @ 11:45 AM


2014 has arrived! There is no time like the present to check the cash flow health of your business.

Often we work through our monthly financial obligations, holding off on important decisions until the money comes in. There are many opportunities to improve cash flow that we tend to overlook, putting off today what we can worry about tomorrow. Time to take control of unpredictable cash flow!

Take a moment to consider our questions concerning your financial relationship with your customers, your operating costs, and your business development. 

1.         Your financial relationship with your customers:

  • Are you struggling to manage your financial obligations because of the terms you have set with your customers? Is waiting 30-90 days for payment causing a cash flow crunch?
  • Are your customers delaying payment longer than their agreed terms? Are they responsive when you ask for payment?
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Topics: Cash Flow Solution, About Invoice Factoring, Financing Government Contractors

3 Tips to Temporary Staffing Employee Happiness

Posted by Gil Oliva on Fri, Dec 20, 2013 @ 07:15 AM

We are in the middle of another seasonal peak, and the demand for temporary staffing is high. How do you keep your trusted employees happy?

 

The temporary staffing setting is obviously somewhat different from a regular work environment. Since your employees are working at different companies, the feeling of office unity will rarely be the same. You will always experience employees who are looking for permanent jobs and are using the temporary staffing environment as a stepping-stone, but what about the employees you rely upon to keep your company successful? 

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Topics: Cash Flow Solution, Payroll Funding for Staffing Companies, About Invoice Factoring

Secure the Order with Invoice Factoring or PO Financing

Posted by Aaron Zahedani on Wed, Dec 11, 2013 @ 07:00 AM

How can I fulfill my large orders when cash flow is tight?

The dilemma for many manufacturers is the lack of available cash flow to buy raw materials in order to complete large orders. It is also an issue for distributors or wholesalers lacking funds to pay manufacturers to produce goods.

Lack of available funds can mean losing valuable business you know you are capable of completing. It could also seriously jeopardize future orders with existing customers. Purchase order funding and invoice factoring can both be alternative financing options worth considering.

So what is the difference?

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Topics: Alternative Financing, Cash Flow Solution, About Invoice Factoring, Purchase Order Financing, 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

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