- Improve Cash-Flow by Selling Your Invoices March 05th, 2015 6:03 pm
You may be surprised to know that only one out of five qualifying businesses takes advantage of improving their cash flow through invoice factoring. When businesses are forced to wait on payment for goods that have already been delivered, or services already rendered, it can make the cash-flow a little tight. One of the best ways to moderate the rollercoaster of the billing cycle is to sell your invoices.
Invoice Factoring Works
If your company needs money quickly for operation costs, Universal Funding can help by purchasing the invoice. We respectfully work with your customer in the notification process by sending a letter of introduction and requesting payment be made out specifically to your company. In many instances, customers don’t even realize they are working with an invoice factoring company, although they are quite common and we don’t try to hide or exploit our involvement. The process is usually quite seamless. Here are a few reasons why selling invoices can be an effective solution for your business:
- Your company will receive immediate payment for invoices, which helps with the cash-flow during billing cycles.
- Cash comes in without effecting your credit rating and score.
- By utilizing invoice factoring, you’re also managing risk to your company. Pay salaries and bills on time, while also maintaining cash in case unexpected expenses arise.
- Decrease your stress level by effectively smoothing the ups and downs of cash flow, and make all your company’s payments on time.
- You have the potential to save more money. Invoice factoring can decrease the need for collection management, and Universal Funding will manage the payments from your customer.
Sell Your Invoices Today
Invoice factoring is a great solution for businesses to manage cash-flow and gain access to funds for operational costs. It can free up time spent managing collections from customers and allow you more opportunity to focus on growing your business. To get started on selling your invoices, give Universal Funding a call today at (800) 405-6035 or fill out or online rate form to request a free consultation. We look forward to partnering with you.
- Could You Benefit From Factoring Services? March 05th, 2015 6:02 pm
Companies of all sizes are utilizing factoring services for a variety of reasons. Not only can factoring help businesses take on new sales opportunities, but it can also help them meet their monthly payroll and other financial responsibilities even when customers do not pay on time. If you are currently wondering whether or not you could benefit from the factoring services that we offer here at Universal Funding, take a moment to answer a few questions:
- Do You Want to Avoid Bad Debt?
If you want to protect your business from bad debt, factoring services can help. An experienced factoring company knows how to evaluate the creditworthiness of your potential customers. This valuable service can help you avoid taking on the unnecessary risks associated with customers that are not able to pay.
- Do You Want to Make Sure You Can Always Pay Vendors?
When you are struggling to collect outstanding invoices, you may be temporarily unable to pay your vendors and suppliers. Once you have strained your relationship with your vendors and suppliers, you will have a more difficult time receiving the products and services that you need from them. Vendors are more likely to take good care of customers who pay on time, and our factoring services can give you the cash advance that you need to take care of your most important vendor relationships.
- Would You Like to Maximize Your Internal Rate of Return?
There is a good reason why large suppliers commonly offer a discount to customers who pay their outstanding invoices early. When you receive cash flow quickly, you can reinvest it into your business and maximize your internal rate of return (IRR). Factoring companies can provide you with the cash flow you need to maximize your IRR, even when your customers pay their invoices late. Often times the discounts you receive can offset and outweigh the cost of factoring.
Start Benefiting From Factoring Services Today
If you would like to avoid bad debt, pay your vendors on time, and maximize your IRR, you could benefit from our factoring services by filling out our rate form.
- Do You Want to Avoid Bad Debt?
- Top Reasons Why Your Company Should Use Factoring Services March 03rd, 2015 6:46 pm
If you own a business or hold a high-ranking, c-suite position in any company, you have almost definitely heard of factoring services, but you may not understand how these services can benefit your company directly. Even if you run a very successful operation and have plenty of cash flow, you will most likely run into a situation where one of your customers does not pay on time. When this happens, it could put you in an unfortunate financial situation that makes it difficult to pay your vendors and employees.
To avoid the repercussions of ruined vendor and employee relationships, take advantage of the factoring services that Universal Funding provides to businesses just like yours. Here are the top four reasons why large businesses should use factoring services: Continue reading →
- What Goes Into Successful Factoring Partnerships? March 02nd, 2015 6:21 pm
If you’re looking for a financing option to help fund your company’s immediate growth or to simply support your daily operating expenses, then using your accounts receivables as a funding tool may be for you. Yet you’ll quickly discover that not all of the potential factors that you have to choose from are created equal. Successful receivables financing requires that you find the right factoring partner, yet the top factoring companies often aren’t the ones with the highest numbers of clients. Rather, their success is due to the effective and efficient relationships that they share with them.
The Importance of a Shared Vision
Establishing such a relationship with your factor requires that you and your partner share an appreciation for those business aspects that benefit the most from factoring. Continue reading →
- What an Invoice Factoring Company Can Do for Your Business February 27th, 2015 9:10 pm
Businesses that research avenues for accessing cash will initially find a variety of solutions. Once these results are narrowed down to solutions that are faster and less complicated than traditional bank loans, accounts receivable financing will emerge as an excellent option to accessing funds. If your business has determined that accounts receivable financing is the right solution for your cash flow needs, the next step will be finding the right invoice factoring company.
- The Protection Provided by Factoring February 26th, 2015 4:37 pm
There is a veritable ocean of options for you to choose from when you’re attempting to collect on your outstanding invoices. Each claims to the best way to reconcile your accounts receivables and bolster your company’s bottom line. Yet while some may offer distinct benefits in certain areas, few can provide that same sort of comprehensive advantages that come from factoring. If it’s only your unfamiliarity with the process that’s kept you from pursuing the services provided by receivable factoring companies, then it’s about time you be educated as to their benefit.
All of the benefits available from factoring your invoices can be described by one simple word: protection. Continue reading →
- The Lifecycle of a Factored Invoice February 25th, 2015 6:39 pm
As your factoring partner, we know all about the processes that go into factoring invoice and receivables to help you optimize your accounts receivables to support your operation’s growth. Yet haven’t you ever wondered what it would be like to take a quick peek behind the curtain to see exactly what goes on in life of a factored invoice. Having a comprehensive understanding of the AR financing process can help to reinforce your faith in its benefit to your organization.
What Happens After It Leaves Your Hands
It all begins when you receive and fulfill an order for either goods or services. Continue reading →
- How the Best Factoring Companies Differ From Collection Agencies February 24th, 2015 7:23 pm
Factoring is an option that many multi-million dollar businesses are turning to in order to maintain steady cash flow between client payments. To use factoring properly, you need the help of a quality factoring company like Universal Funding. Since factoring involves the selling of unpaid invoices to another entity, some people view factoring companies as collection agencies. This is not the case, however. The best factoring companies differ from collection agencies in some very important ways. Continue reading →
- How Factoring Companies Are Changing the Business World February 23rd, 2015 8:15 pm
If you want your business to continue to experience growth and success, you need to make sure that you tread carefully around your customers. By treating your customers with respect and appreciation, you can help to solidify your relationship with them and earn their loyalty over time. But what do you do when your customers put you in a tight financial spot because they are regularly late on payments or request terms? It can be very hard to keep a good relationship when you are constantly haranguing them for money.
This is where Universal Funding can help. By giving you immediate cash for your invoices, we can help you take care of your ongoing business costs so that you do not have to harass your customers for money. In this way, factoring companies like ours are changing the business world by improving relationships between customers and businesses. Continue reading →
- Factoring AR is a Great Financing Alternative for Businesses February 23rd, 2015 8:14 pm
Factoring A/R is a business practice that enables organizations to get their hands on much-needed capital by selling their invoices to a commercial finance company. This finance method is a great alternative to waiting indefinitely for clients to settle their invoices. While some clients often end up paying their invoices in a timely manner, a large majority of clients don’t. Or you’ve offered them terms for payment that extend beyond 30 days. This creates a lot of problems for businesses because they need the money from those invoices right away to maintain their operations.
Even with careful planning, it is often a challenge for a business to determine how much money it needs to function at any given time. Continue reading →
- Factor Company: Secure the Operational Funds Your Organization Needs February 18th, 2015 7:56 pm
Businesses need money in order to grow and maintain their operations. Depending on the industry, some businesses may find it more challenging than others to find the money they need in a timely manner, resulting in lost profits, weakened credit, and an increased risk of shutting down. Here are two ways that a factor company can help.
Increase Operating Capital
The larger and more successful an organization is, the more money it needs to operate. Continue reading →
- Understanding the Different Levels of Purchase Orders February 17th, 2015 10:42 pm
If you’re like most, the idea of obtaining financing for your purchase orders may be a relatively new idea to you. Most would think to go to a bank or another traditional lender when immediate business capital is needed because not enough capital is being generated through their operations. The benefit of PO funding is that your company is able to secure that capital without having to take a hit to your business credit profile.
Yet it’s important to remember that not all purchase orders are created equal. Continue reading →
- What Your Business Can Do With Profits From Invoice Factoring February 13th, 2015 7:12 pm
Even when your business makes millions of dollars in revenue, there comes a time where you are still looking for a little extra cash for one reason or another. Invoices in your accounts receivable often sit waiting for customers to make their payments when they can actually help draw in some immediate revenue. With invoice factoring, you can sell those unpaid invoices to Universal Funding and receive cash quickly. What can your business do with cash flow garnered from factoring invoices?
Pay Your Bills
Continue reading →
- Minimizing Bad Debt Losses through Factoring February 12th, 2015 5:33 pm
Every company has that story about a client they took on whom they believed would deliver untold opportunities for new revenues yet ended up leaving them holding the bill. Bad debt losses are a part of doing business. Yet just because your past stories have had unhappy endings doesn’t mean that you can’t turn those scenarios around to benefit you in the future. Financing receivables through a factor allows you to do just that.
How? Consider how many of your clients have an established relationship with your company. Continue reading →
- When Should You Consider Invoice Factoring? February 11th, 2015 8:54 pm
Invoice factoring is a lesser known option that many multi-million dollar companies overlook. If you are in the business of light manufacturing, distribution, oil, gas or mining, you may be sitting on innumerable invoices that can be sold to factoring companies like Universal Funding to provide you with quick money. There are many businesses that have an accounts receivable department to manage invoices. How do you know when it is time to consider factoring those invoices?
Your Business Needs Cash Now
Continue reading →