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…
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…
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…
Accounts receivable management can be complex when you don’t have specialized accounting knowledge. For example: are accounts receivable considered assets or liabilities? In today’s post, we answer this and other common questions about AR management. What Are Assets and Liabilities? To determine whether accounts receivable are assets or liabilities, we have to define some basic…
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…
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…
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…
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…
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