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…
While dealing with late payments is never easy, your business’ cash flow depends on it. With that in mind, today we bring you a quick guide complete with some templates to help you write an email to remind customers of overdue invoices. Some Guidelines Creating your own emails doesn’t have to be difficult. Just keep…
Using factoring to cover operating expenses is the smart move for small businesses looking to meet the challenges of the “new normal.” Keep reading to discover why. Using Factoring to Pay Operating Expenses Flexibility is one of the reasons why factoring of accounts receivable is so convenient. When you factor your receivables, you get cash…
In today’s blog post, we take a closer look at the ways factoring can help companies in the service industry. Keep reading to learn more! What Is the Service Industry? The term “service industry” refers to companies not involved in manufacturing whose business model is based on activities such as customer service, management, or consulting.…
A strong cash flow is one of the cornerstones of a successful small business. However, the cash flow of your small business is threatened by many different situations, some of which may even seem positive at first sight. Here’s what they are and how to deal with them. 1. Growing Too Fast Sure, growing your…
When it comes to financing, there are no one-size-fits-all solutions. Different businesses have different needs. However, if you are weighing the pros and cons of factoring and bank loans, here are three facts we believe you should keep in mind. 1. Factoring Is Fast If there’s one thing you have to know about banks is…
Everyone seems to be talking about inflation these days. But what is inflation, exactly, and what are its effects on your business? Can you use Factoring of Accounts Receivable to deal with the effects of inflation? Keep reading to discover the answers. What Is Inflation? How Does It Affect Your Business? Simply put, inflation is…
Invoices are the cornerstone of the success of any business. In this blog post, we outline five tips to help small business owners take their invoice management —and their cash flow — to the next level. 1. Include All the Necessary Details Accurate, comprehensive details for all your clients go a long way toward ensuring…
The world of financing can be complex and fast-moving. With so many technical terms floating around, it’s easy to get confused. For example: What is the difference between receivables factoring and receivables securitization? Keep reading to find out. Securitization of Receivables To talk about securitization of receivables, we have to understand first what securities are. …
