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The Invoice Factoring Process in 5 Simple Steps

Posted by Gil Oliva on Sun, Feb 07, 2021 @ 10:02 AM

From Initial Contact to Commitment – Invoice Factoring in 5 Simple Steps

The invoice factoring promise of an injection of money now for invoices due to be paid by your customer later could be just what your company needs to succeed. However, rather like applying for a mortgage, or filling out your tax return, the process may initially seem intimidating.

Any application that involves filling out paperwork, and a request for detailed documentation, certainly requires a level of commitment. Once you have investigated invoice factoring as an option, consider the complete invoice factoring cycle to help you decide if factoring really would be a great fit for your company.

The steps are simple, but it pays to be prepared:

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Topics: How to Grow Your Business, About Invoice Factoring, Financing Government Contractors

Freight Bill Factoring for Trucking Companies

Posted by Gil Oliva on Thu, Feb 11, 2016 @ 11:00 AM

Trucking companies often run into funding problems that limit their growth. The problem isn't the business; it's the nature of the business. There is a major disconnect between services rendered and payment for those services. It can take up to 90 days to get paid for services you provided upfront.

We get it. You need your funds now. You need to keep your business

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Topics: How to Grow Your Business, Freight Factoring for Trucking Companies, Freight Factoring for Trucking, Invoice factoring

Get your Cash Flowing – Installment Contract Financing

Posted by Gil Oliva on Wed, Jun 04, 2014 @ 07:51 AM

Cash flow should be simple, and there are many ways to go about finding a viable answer to your cash flow needs. We have discussed the many benefits of invoice factoring. Let’s take a look at another option that focuses on a specific financing requirement.

Have you heard of installment contract financing? It is a way of providing your customers with more options for payment so you can increase sales. If you can offer customers more ways to pay, chances are they are more likely to choose you as their business partner. Convenient monthly payment plans mean an easier way for your customers to pay, which leads to increased revenue for you, but how does this work?

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

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

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

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

Financing for Distribution – A Fine Balance

Posted by Aaron Zahedani on Wed, Oct 02, 2013 @ 07:00 AM

You are in the business of distribution, which makes you the master of time management! Not only that, you are more than likely able to juggle the many unpredictable elements that go into making your company a success. 

What is involved, in simple terms?  

  • It’s all about consumer demand

  • Holding the right amount of inventory

  • Anticipating of the needs of your customers

Time must be carefully managed to make sure inventory arrives exactly when it is needed, in the correct amounts! But your customers are not necessarily so precise when it comes to paying their invoices, many government and commercial customers asking for 30 to 60 days to make payment on an invoice.

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Topics: Alternative Financing, Manufacturing and Distribution Financing, How to Grow Your Business, About Invoice Factoring

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