Monthly Archives:September 2017

ByJosh

7 Benefits Of Working With A Factoring Company

Like many business owners, you might often be struggling with cash flow problems. When many of your customers are not paying their invoices right away, turning to accounts receivable financing can be a good idea. Here are 7 benefits of working with a factoring company.

1. You can get paid much faster

When you partner with an invoice factoring company, you don’t have to wait until your customers are finally ready to pay their invoices. Your factoring service will be able to pay you almost instantly for your outstanding invoices.

2. You can grow your business more easily

When you know that you can get paid as soon as you complete a project, nothing can stop you from growing your business and developing new ideas. Turning to accounts receivable financing means you will not be struggling with cash flow gaps. Visit FundThrough for more information and resources.

3. You can accept more projects

With a better cash flow, you can take on additional business. You will be able to accept more projects, and to work for clients who want credit terms. Your team will be able to fully focus on completing their work, instead of trying to collect late payments.

4. You can improve your finances

When you are struggling with your cash flow, it can become difficult to pay yourself, your employees and your vendors. When you work with a factoring finance service, the finances of your business will quickly improve, and paying everyone will be easier.

5. You can outsource your credit operations

Outsourcing your credit and collection operations to an invoice factoring company will help you save both time and money. When you partner with a professional company, you will be able to count on them to collect your receivables.

6. You can take advantage of volume discounts

When you are not getting paid on time, it might not be possible for you to take advantage of volume discounts to increase your inventory. When you get paid for your factoring invoices, you can enjoy interesting deals and discounts from your vendors.

7. You will not incur any debt

Factoring finance is fast and easy, and since it isn’t a loan, there is no risk to incur any debt. You will simply be getting the money you are owed in advance, so you can take care of the finances of your business without having to wait for your customers.