Monthly Archives: March 2018

How to use accounts receivable financing to help my business

This is a popular method used instead of using bank loans or getting loan from money lenders. In this method usually companies don’t incur the debts which will affect their balance sheets. It is simply selling your invoices to the invoice factoring company who will pay you the portion of the invoice amount once you send the invoice to them after delivering the products. With the invoice received they will follow up with your clients to get the money from them. Once they received the full amount from the clients they will transfer the balance amount to your account. They will normally charge up to 5% of the invoice amount.

Benefits of using invoice factoring

For any business to survive it is essential to ensure it having steady flow of the funds for the hassle free operations.  To have steady flow one should have to speed up the accounts receivables but with the payments terms dotted with every customer it is tough for business to get the money from them before the due date. In this scenario, they can get the portion of the invoice amount by selling the unpaid invoices to the account factoring or invoice factoring companies.  Some of the major advantages are that you will have flow of money to run the operations smoothly. Second point is that you won’t incur any debt against your name so that your credit score will not go for a toss. Actually your credit score will improve as you will settle the vendors in time with the advance amount you’re receiving from the invoice factoring companies. You can go to the link to know more about the account factoring advantages and benefits companies have by opting for that facility.

You also will have dedicated manager working for you. You can contact that person for your reports and other enquiries. Besides that you will have your unique login where you can check the actual status of the payment pending from the client and other reports regarding the transaction. Once they receive the complete payment from the client end, they will either wire it to your account or deposit directly. Unlike bank loans which can takes days to get approved, invoice factoring usually approved in a day or two. You don’t need to provide any collateral. Main advantage is that they don’t check your credit history , they will the credit history of your client.

Factoring Is The New Solution That You Can Get To Save Your Company

Facing financial problems by enterprises is a very common thing. Financial crisis can be faced by anybody at any time most of the time this is faced by the small enterprises that they do not have enough money to go forward with a business. Cases when there is a business happening between a customer and a seller, the customer base only a part of the purchase value the customer pays the rest at much later date. This is the time when a small enterprise will face problems. . Hence small enterprises are always affected by such small changes.

Problems faced by most small enterprises:

The small enterprises already have a small turnover they do not have enough money extra to precede with the business. Some small enterprises faces cash blockage. Most of the cases the small enterprise owners will not have enough cash to go ahead with a business enterprises will be waiting for the money to come from the customer only with that money can they proceed with the rest of the business. Most case there is a delay in this.

What is factoring and how can it help you:

Factoring is a procedure by which you Gets invoice created. This means you are getting money supposed to get any waste from the customer but at much faster rate. Hence this is the best solutions you can have besides loaning and mortgaging. Learning and mode gazing requires you to provide a lot of documents and the time that requires for it to be accepted will be a long time. Also the interest that is levied up on you is also higher rates. Why factoring levies smaller rates. There is no interest that is computed against the invoice that is created. Hence is ideal for small businesses. Factoring gives you a lot of different kinds of options different types of factoring that you can choose from. One kind lets you take amount that the customer owes you from the factoring firm but in this case the fee levied by the factoring company will be higher amount. In this case factoring form pays you the money you have no more ties with the customer anymore. The factoring company then collects the rest of the money from the customer. Second is where you get only a part of the actual amount which will be usually a huge sum. Money is paid to you once the customer completes the transaction the factoring fee is much lesser.

Know Some Facts About Loadboard Online Firms

The role of load board cannot be under estimated in the freight shipping industry. Basically the online firms that offer load board services are intended for shippers, brokers and other associated firms in order to posts loads that are to be transported. On the other hand motor carrier operators too, find these online services useful to find the load in order to make their trip more profitable. One of the best ways of economical shipping is to condense the items, instead of numbers of loose box pack all in one big box. It will lower the chance of loss and also will save you from paying for each and every small box. Nowadays, any form of transportation can be used to ship your item. Whether it’s via air, water or land, companies have discovered the best ways to transport any item, anywhere. Most freight shipping companies will be able to help you with this and if not, they can direct you to another company who has established transport services. With a good service, you can have complete satisfaction you will never have an item too big, too small or too awkward to be shipped. When it comes to online freight bookings, the aspect of load boards play a big role in offering the optimum load for the carriers. Truck owners can also make an attempt look for Free Freight Search’s loadboards to improve their transport efficiency in a better way.


Offer service with value

Cargo freight shipping is the forte of such firms and they help customers better manage their transportation spending by simplifying their freight shipping. These international freight companies provide innovative solutions to their clients and helped reduce their world load, save their time and money and simplify the entire process of shipping for their customers. They provide value based service through value innovation and provide the complete range of shipping services. These help customers compare prices and time taken by different carriers, provide free quotes instantly from different companies to make sure that the client gets the best price without all the hassle and also do all the paperwork involved in cargo fright shipping. They also provide insurance on the freight being shipped. Some of these have even have an online presence and allow their customers to manage their logistics freight shipping from the comfort of their home or office. They have a combination of web based tools which help the customer generate and compare shipping quotes from the world’s best freight shipping carriers at the click of a button.