If you are in the process of choosing a financing solution for your business, you may be wondering why so many companies factor their receivables. In today’s post, we discuss some of the most common reasons why businesses like yours choose to factor their accounts receivable. Factoring Helps Companies Get Paid Faster To put it…
In today’s post, we take a look at the top 11 Instagram accounts for truckers. From offbeat humor to truck spotting and women truckers sharing their experiences with the world, there’s something for everyone! 1. Truck.drivers.usa (406K Followers) From videos of trucks on fire to the hassle of being pulled over for a mudflap being…
As everyone knows, one of the benefits of receivables factoring is that you don’t have to meet the strict requirements of bank loans. But how do you qualify for receivables factoring, exactly? Follow along to discover the answer. How Do You Qualify for Receivables Factoring? In order to qualify for receivables factoring, you just have…
While everyone knows that account receivables are important, not everyone knows that there’s a way to measure how effective you are in managing your receivables. In today’s post, we discuss receivables turnover, starting from a basic definition, and show you how to calculate your receivables turnover ratio. What Is Receivables Turnover? Simply put, receivables turnover…
In today’s post, we review the most common types of receivables factoring to help you decide which one is the best fit for you and your business. Keep reading to learn more. Types of Factoring No matter what type of factoring you choose, the basics remain the same. Factoring your receivables means selling them to…
In today’s post, we compare two basic concepts any business owner must be familiar with: accounts receivable and cash. Keep reading to learn the differences between these assets and discover how to best use each of them. What Are Accounts Receivable? Accounts receivable (often referred to as AR, or just “receivables”), are the funds that…
Whether a recession happens or not, something is for sure: increasing your business’s financial strength is always a good idea. In today’s post, we share four strategies to help you do just that. Listen to Your Clients Everything begins with your clients. Your clients’ needs change constantly and by being aware of how those needs…
With so many financing solutions out there, it can be difficult to make sense of your options. For example: what is the difference between receivables factoring and forfaiting? How to determine which one works for your company? In today’s blog post, we answer all these questions. What Is Receivables Factoring? Receivables factoring is the process…
In today’s post, we take a closer look at the differences between Factoring of Accounts Receivable and supply chain finance. Keep reading to learn more about these two financing options. What Is Factoring of Accounts Receivable? As we have seen in previous posts, Factoring of Accounts Receivable is a financing method where a business sells…
Knowledge is power, as the old saying goes, and trucking is no exception to this age-old rule. That’s why today we bring you a definitive guide with the top 15 websites every trucker should know. Use the following links to navigate the list: Regulations and Industry News Trucking Forums Social Media for Truckers Websites for…
