Accounts receivable factoring: best remedy to get rid of slow cash flow
Do you know what Accounts Receivable Factoring is?
AR or Accounts receivable factoring is typically a way for business owners to get funds to keep their business in the running position. This provides them the peace of mind as they know that they will get paid without having to put strain on the business operations. Finding a quality accounts receivable factor to work with can be a game changer for business owners.
When your customers place an order your accounts receivable factor can confirm they are creditworthy to pay for that order. This opens up more time for you to focus on what you do best and manage and grow your business. Accounts receivable financing keeps your invoices from aging out and allows you to operating on more of a cash basis. Imagine once your set up with accounts receivable factoring you can take advantage of having cash on hand to take supplier discounts or other bonuses that cash offers in the business world.
Your accounts receivable factor can lower your risk for doing business with higher credit risk customers while also boosting your cash flow. This is a great combination to have for a growing business.
How does accounts receivable factoring work?
Generally, we would purchase your receivables, provide you the immediate cash for each invoice. After this, the factor would collect the invoice amount from the customer and you get the remaining amount that was not advanced less a small factoring fee. Usually, accounts receivable financing companies will advance you between 80 to 95% instant cash on receivables so that your business related work does not get delayed due to lack of funds. However, at factoringfast.com, you can expect to receive up to 98% on your trucking and freight hauling invoices.
If you are a business owner, you need predictable cash flow to be successful. When a client makes delays in payment, it can hamper the growth of your organization. However, we at Factoringfast.com will act as your business partner by providing you quick and reliable cash for invoices. Our accounts receivable financing program is very effective and fast unlike traditional forms of working capital that is not easily available to various small sized businesses.
When your firm is in need of immediate funds, our accounts receivable factoring services can help meet those short term cash requirements in less than one business day after your set up and approved with us.
There are hundreds of distributors, manufacturers, importers and exporters, service providers and trucking companies, that are boosting cash flow with the help of accounts receivable financing.
Here are some of the major benefits of accounts receivables factoring:
- – Credit decision consulting
- – Immediate payment of invoices
- – Enhanced flow of cash
- – Enhanced sales opportunity with credit worthy customers