We have written previously about the importance of creating a cash flow forecast, and regularly checking your cash flow. Forecasting as accurately as possible makes developing and running a business much easier. It is, however, hard to prepare a cash flow forecast when your cash flow is not predictable.  

The reasons behind your unpredictable cash flow need to be identified in order to find a workable solution.   

• Isolate your unpredictable cash flow

• Identify constant cash flow

There are many reasons for unpredictable cash flow, and once you are aware in advance that you are entering a period of slow payment, you can work out a method to rectify the situation. Many periods of uncertainty are particularly relevant to certain markets.  

Has business for your trucking company started to pick up? As the economy slowly begins to recover, so does the need to transport goods, but you still may be frustrated by slow payment on your accounts receivable. A steady cash flow is often difficult in any given market sector, but there are specific challenges when it comes to the trucking industry. It is necessary to provide the best terms to secure a contract in this incredibly competitive business, but this often means payment is slow. Do you rely solely on invoice payment from your clients to survive?  

California Trucking Association - Truck Driver Appreciation Day

Have you ever stopped to think about how that fresh produce gets to your local market in the middle of winter, in the mountains? Or for that matter, how does the produce get from the farm to the distributor? Or what about the shipping containers that arrive by sea, or by train at port?  What happens then? How does the freight get to its final destination?  More than likely, a trucker was a major part of making those products available to you, 24 hours a day, 7 days a week, 365 days a year.

Valuable Insurance Reminders & Freight Bill Factoring 

How are you maintaining a healthy profit margin? What is preventing you from increasing your financial goals? In this blog we will tap into some valuable insurance tips that you may want to consider as an avenue to increased profits.

Fuel Your Fleet With Invoice Factoring 

Have you worried about being unable to fuel your fleet with gas because of slow or delayed payment on your current invoices? 

Freight Factoring For Trucking 

For years, truckers have been a big fan of freight factoring. As you may know, factoring is the process where a third party agrees to buy unpaid vendor invoices. In the trucking industry these invoices are known as freight bills. Along with a BOL, or bill of lading, these freight bills can be submitted to a factoring company for quick payment.

Factoring Freight and Fuel Card Discounts for Trucking

Solid Cash Flow