By vanko on September 2, 2010
Factoring is a financial tool, which allows you to immediately get money against your credit sales instead of waiting for it to mature. It is a process followed down from hundreds of years ago and now modified to suit various types of industries. Basically, factoring means selling your credit invoices to a third party, called [...]
Posted in Develop Your Skill | Tagged and, benefits, businesses, factoring, how, is, it, what
By vanko on August 1, 2010
Most businesses run on a tight budget and the problem is more so if they have large customers buying products on credit. Their money is often locked up between the time they sell their products to their customers and the time they receive the payment, which is normally 30 to 90 days. This is where [...]
Posted in Develop Your Skill | Tagged a, can, company, do, factoring, for, what, you
By vanko on June 21, 2010
If you own a small to medium size business and have reputed customers or supply to government companies on credit, then you might have a lot of funds blocked up during the credit period, which could be from 30 to 90 days. It would be wonderful if you could get immediate cash against your sales. [...]
Posted in Develop Your Skill | Tagged Business, can, companies, factoring, help, how, in, succeed, you, your
By vanko on June 19, 2010
If you are running a medically related business such as medical supplies to doctors or hospitals or running a clinic, then you must be aware that although sales have improved, margins are under pressure and the waiting period to collect pending payments are increasing day by day. Also with the advent of Medicare and other [...]
Posted in Develop Your Skill | Tagged Business, can, factoring, help, how, medical, your
By vanko on May 28, 2010
Any small to medium business growing at a fast pace requires a steady bank balance at all times mainly for salaries, payments to suppliers and even expansions. If you have a fast growing business with a gross profit margin of above 15 percent and you require ready funds to increase your business, then you could [...]
Posted in Develop Your Skill | Tagged about, factoring, know, need, receivables, to, what, you
By vanko on May 28, 2010
When businessmen sell products to their customers, they issue invoices to those customers. The businessmen then receive payments after some days, normally 30 to 60 days, which is called the credit period. This blocks the business cash flow and creates problems if they have to pay their suppliers, employees or if they receive big orders [...]
Posted in Develop Your Skill | Tagged factoring, how, invoice, works
By vanko on May 27, 2010
Most trucking companies have to pay in cash for their day-to-day expenses such as fuel bills and also have unexpected expenses such as truck repair bills and fixed expenses such as salaries, regular servicing and tire bills. Since they get their payments from their customers after 30 to 60 days, freight factoring is a good [...]
Posted in Develop Your Skill | Tagged companies, factoring, for, freight, trucking
By vanko on April 26, 2010
All businesses have pending bills to pay off and hence require money on hand at all times to make different payments such as paying to suppliers, employee salaries and maybe go in for quantity purchases to get that extra discount. If your terms of credit to your customers are between 30 to 60 days and [...]
Posted in Develop Your Skill | Tagged factoring, find, for, if, invoice, it, out, works, you
By vanko on April 25, 2010
Invoice factoring is a financial service which increases your company cash flow by giving you payments against your pending receivables from your customers. Normally, when you draw up an invoice against your sales to a regular customer, you might have to wait for around 30 to 60 days for your payment. Invoice factoring companies “buy” [...]
Posted in Develop Your Skill | Tagged company, factoring, how, right, select, the, to
