For businesses that struggle with slow-paying clients, factoring companies can be a great way to improve their cash flow. However, business owners often wonder if factoring companies check their credit scores. If you’re asking this too, then this blog is for you. Do Factoring Companies Check Your Credit Score? Typically, factoring companies don’t check your…
Receivables Management refers to the process of tracking and managing customer payments to ensure smooth cash flow in the business. In this blog, we’ll discuss the benefits of Receivables Management and provide some tips to help your business achieve a stronger financial position. Limit Bad Debt One of the most significant benefits of Receivables Management…
If you own a business but don’t know what the cash conversion cycle (CCC) is, then you are missing out on opportunities to increase your cash flow and profitability. The good news is that in today’s post, we tell you everything you need to know about CCC. What Is the Cash Conversion Cycle (CCC)? The…
One of the biggest challenges business owners face is maintaining a consistent cash flow. Invoices can take weeks or even months to get paid, leading to financial difficulties even if your business is profitable. The good news is that a factoring company can help. Keep reading to learn more about what a factoring company is,…
Regardless of the size of your business, bad debt can be a big problem. It can harm your financial status, credibility, and even your reputation. Luckily, there are some strategies any business can use to avoid bad debt. 1. Establish Clear Payment Conditions A written contract that outlines all the terms and conditions of the…
In order to remain on top of your business’s finances, you need to master some basic concepts such as cash flow and EBITDA. If you’re not clear on the meaning of these terms and the differences between them, you’ve come to the right place. In today’s blog, we tell you everything you need to know…
As a business owner, you may have come across the term “dunning letter” in your everyday operations. But what exactly is a dunning letter, and how does it impact your business? In this blog post, we’ll dive into the basics of dunning letters and what you should know as a business owner. Dunning Letters: Definition…
When people hear about a company that has pledged its accounts receivable, they often get the impression that pledging and factoring are similar. However, as we’ll see in today’s post, there are some fundamental differences between these two financing methods. What Is Factoring of Accounts Receivable? Factoring your accounts receivable, or receivables factoring, means selling…
Starting a business is just half the battle — growing it can be just as demanding. And while your growth strategy can change depending on your industry, something is for sure: you’ll need adequate funding. With that in mind, today we explore some ways to fund your company’s growth. Follow along to learn more! Pull…
Simply put, a strong cash flow means you have more money coming in than you’re spending. In this article, we’ll explore the ways a strong cash flow benefits your business and provide you with a strategy to start improving your cash flow today. 1. Pay Your Bills on Time As you know, late payments will…
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