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…
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…
One area of financial management that trucking companies often struggle with is managing their accounts receivable. Luckily, Factoring of Accounts Receivable can solve this problem easily and efficiently. But what is Factoring, and is it a good idea for trucking companies? In this blog post, we help you understand whether trucking companies should consider factoring…
As we have seen in previous posts, receivables factoring can help companies across a vast array of industries, from transportation to services. But what about recruiting companies? In today’s post, we take a look at how factoring can help recruiting and staffing organizations. Is Receivables Factoring a Good Idea for Recruiting Companies? Yes! Factoring of…
It’s true: the world of business is filled with confusing terms whose meanings sometimes overlap. However, as a business owner or investor, it’s important to understand the difference between terms like cash flow and income. In today’s post, we tell you everything you need to know. What is Cash Flow? Cash flow refers to the…
When it comes to keeping your business financial information streamlined, you can come across several confusing and seemingly similar terms. With that in mind, today we offer a detailed explanation of the differences between accounts receivable and a control account. Accounts Receivable vs Control Account: What Is the Difference? The fundamental difference between accounts receivable…
Whether you are starting your business or are an experienced business owner, brushing up on the basics is always a good idea. With that in mind, today we discuss accounts receivable, from a basic definition to some examples. What Are Accounts Receivable? The most basic definition of accounts receivable (AR) is “the amount of money…
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…
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