6 Large Volume Industries That Benefit From Invoice Factoring

Posted by Gil Oliva on Tue, Dec 05, 2017 @ 11:51 AM

Many large businesses work with invoice factoring companies because factoring can provide them with funds they need quickly – in as little as 24 hours in some cases. When invoice factoring companies purchase invoices from a company’s accounts receivable, that business can get cash then rather than wait the typical 30-90 days for customers to pay to receive said cash. This constant flow of working capital can allow businesses to do things like hire more staff, expand offices, or purchase necessary equipment. Here are some of the top large volume industries that benefit from invoice factoring:

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Topics: Staffing Industry, Manufacturing and Distribution Financing, Wholesale financing, The Benefits of Invoice Factoring

Four Things to Look for in an Invoice Factoring Company

Posted by Gil Oliva on Tue, Feb 07, 2017 @ 07:06 AM

When you are ready to expand your business or need help resolving cash flow issues, invoice factoring may be your best option. Upon deciding to use invoice factoring, the next crucial element is determining which company will work best for your business. The factoring company you choose will impact the entire experience you have with the service, from the application process to customer support. Here are some tips on how to choose the right factoring company.

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Topics: Invoice factoring, Invoice Factoring Costs, The Benefits of Invoice Factoring, Alternative Financing

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 or Bank Line of Credit?

Posted by Gil Oliva on Wed, Dec 18, 2013 @ 07:15 AM

Accounts receivable financing seems like a great option for your company, but what if you can also qualify for a line of credit from the bank?

Factoring your invoices is regularly suggested as a viable option when you cannot qualify for a line of credit from the bank. Why should a company consider factoring when they are able to secure bank funding? 

A bank line of credit will certainly help meet the cash flow needs of your business. If the credit history of your business is strong, and interest rates are low, you can most likely secure an excellent rate for your line of credit. Following the approval process, a sum of money is then available to tap into as and when your company needs it. The benefits:

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Topics: Cash Flow, The Benefits of Invoice Factoring, Factoring Accounts Receivable, Financing Government Contractors, About Invoice Factoring

Invoice Factoring Best Practices – Credit Ratings

Posted by Gil Oliva on Fri, Dec 06, 2013 @ 07:15 AM

Do you ever offer terms to your customers without checking their commercial credit rating first?

The credit of any business can easily be checked, and it should be your company policy to make sure this happens with every customer. The credit rating a company is given takes into consideration the likelihood it will meet its financial obligations. In other words, whether or not you will receive payment on your accounts receivable in a timely manner. Obviously, if their credit rating is bad, you may want to question whether it is worth doing business with them at all.

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

Is Your Company Ready for the Holiday Rush? - 3 Tips to Seasonal Success

Posted by Aaron Zahedani on Wed, Nov 27, 2013 @ 07:15 AM

Is your business prepared for the seasonal rush?  We are rapidly heading into the flurry of holiday demand. Careful preparation holds the key to success.

Seasonal activities mean a whole slew of extra demands on your business, whether stocking up on inventory, managing your current employees, hiring extra staff or effectively managing your cash flow, the period of extra demand holds the promise of great opportunity for your company as long as it is handled effectively.

1.                  Are you holding the right amount in inventory? 

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Topics: Manufacturing and Distribution Financing, Cash Flow, The Benefits of 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

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