We live in the disinformation age, so it’s no wonder that there are myths swirling around all types of topics, including Factoring of Accounts Receivable. Luckily, this problem is easy to solve: Come with us as we debunk three common myths about Factoring. Myth 1: Factoring Is Difficult This is probably the biggest myth about…
Partnering with the right company determines your success in implementing Factoring as an effective financing solution. From customer service to the different types of Factoring, here’s what you have to look for in a Factoring company. Flexibility One of the main reasons why companies use Factoring is because it offers them greater flexibility. However, working…
Factoring of Accounts Receivable is a financing alternative widely used in the manufacturing and transportation industries. But is it a good option for the service industry? The positive experiences of many companies show that Factoring is indeed a solid financing option for the service industry, including: Providers of IT services Consultants Accountants Security providers Staffing…
In previous posts, we have reviewed the advantages that Factoring of Accounts Receivables offers to different industries. But what about the benefits of Factoring for wholesale and distribution companies? By giving these organizations quick access to cash, Factoring solves some of the most common headaches that owners of wholesale companies face day in and day…
While 2020 marked an unprecedented moment in history from almost every point of view, 2021 will come with its own set of challenges. This is how Factoring of Accounts Receivable can help small business owners navigate this new landscape. What Is Factoring of Accounts Receivable? Factoring your invoices means selling them to a company (called…
Factoring of Accounts Receivable is a financing option that gives your business the flexibility you need to reach your goals without the hurdles of other alternatives, such as bank loans. If you are considering Factoring for your organization, here are four tips you should keep in mind to make the most of it. 1. Make…
Factoring of accounts receivable is a flexible financing method that can help all types of businesses, including those just starting out. If you are considering Factoring your invoices, these are the main do’s and don’ts you should keep in mind. Do Your Research To take full advantage of Factoring you must make sure to work…
Bank loans are one of the oldest and most popular financing options for business owners. However, financing is a big landscape with many alternatives available. One of those options is Factoring, where you sell your accounts receivable to a company (called Factor) that pays you right away and collects the invoices from your clients in…
The COVID-19 pandemic has upended every aspect of our lives, and financing is no different. In this complex landscape, there are three reasons why Factoring makes more sense than ever and remains a compelling financing alternative for businesses of all types. Factoring Is Readily Available There is one very simple reason why Factoring makes more…
Starting a new business is exciting but complex. At the beginning of a new venture, business owners often face a chicken-or-egg dilemma: they need capital to grow but funds are readily available only to established companies that are way past the initial stage. Today we’ll see how Factoring can help budding businesses solve this and…
