Improving Cash Flow with Invoice Factoring and Purchase Order Financing
Posted by admin in news article on April 20, 2011
Managing cash flow can be a challenge for many businesses. But creative funding options like invoice factoring and purchase order (PO) financing can make the job much easier.
These financial solutions offer convenient, cost-effective and immediate access to working capital. Invoice factoring and purchase order financing are suitable for companies in just about any industry. They can provide financial support to expand, manage business surges or even meet day-to-day operating expenses. And they’re ideal if your company is newer and can’t obtain a loan.
Freedom From Factoring Fees
Posted by admin in news article on April 20, 2011
In an effort to combat the affects of the crumbling economy, service-oriented businesses have been getting creative with new ways to generate money. Unfortunately for consumers, that creativity often translates into price hikes, additional fees, reduced services or cut backs on productivity. But does it have to be that way?
Take a look at the airline industry. When fuel prices soared last summer, airline giants started charging extra for what were once common courtesy services in addition to the original ticket price. They started with charging for snacks and drinks and then quickly moved onto charging checked bag fees, assigned seat fees, fuel surcharges, curbside check-in fees, etc. Once the industry giants established that this additional fee policy was going to be part of the standard flight-booking procedures, it didn’t take long for all of the airlines to jump on the “Hidden Fee Bandwagon.” From a customer’s perspective, it seemed as though the airline industry as a whole started seeing dollar signs instead of thinking about its customers needs. Then along came Southwest Airlines with its clear thinking and its “No Fee Policy.”
Use Invoice Factoring to Succeed
Posted by admin in news article on April 20, 2011
Factoring is an accounts receivable financing strategy for businesses to sell accounts receivable at a discount to get cash needed for business growth and development. By factoring the value of the accounts receivable, the business is able to increase the speed of cash flow.
The business can use a factoring company to obtain cash equal to the value of the accounts receivable minus a factor’s fee. This process can also be referred to as invoice factoring.