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!

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.

10 Questions to Ease the Decision Making Process    

When you are looking for an accounts receivable financing company for your customers, consider more than just the deliverable.  Working capital matters, but reliability matters more!

As with any partnerships, there are ups and downs, and good relationships can be hard to find. Obviously, credibility with your customers is one of the most important elements of your business. There may be occasions when you would like to refer your customers to an accounts receivable financing company, or factor, but they all look the same! It is hard to differentiate, so what should you be looking for in a broker partner?

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:

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.

Cash flow is the life blood of your business

How recently have you ran a health check on your company? Your day to day business seems to be running smoothly, but when did you last double check your figures to find out how solvent you really are?

Forbes article gives insight into Invoice Factoring trend

Are you looking to unlock the tremendous value of unpaid debts, as well as make the most use of your valuable assets? 

Invoice factoring is no longer a last resort answer to better cash flow, it has become the solution many businesses turn to.