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…
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…