Insights Blog

How to Switch Factoring Companies

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Why You Might Want to Switch Factoring Companies and How to Make the Transition If your company already uses invoice factoring, you will be familiar with the benefits of this type off-balance-sheet finance. Invoice factoring, also known as accounts receivable financing, speeds up the receipt of cash from sales invoices, provides a reliable cash inflow, and […]

How to Chase Overdue Customer Accounts Without Souring the Relationship

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10 Tips to Collect Late Invoices Without Upsetting Customers It would be wonderful if all customers paid their invoices on or before the due date. However, that is simply not the way things work. Any business running accounts receivable (AR) can expect some customers to pay late. Some people would never pay their bills if […]

National Small Business Week

National Small Business Week May 1-7, 2022

Celebrating America’s Entrepreneurs Spanning more than 50 years, National Small Business week, May 1-7, offers us the opportunity to celebrate the 32.5 million small businesses and the countless contributions they make to local communities, their part in bringing new ideas to life and growing the national economy. The Small Business Administration (SBA) theme for National […]

11 Warning Signs A Customer Account is About to Become a Bad Debt

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Take these steps to minimize your exposure Bad debts rarely occur overnight. There are usually warning signs that an accounts receivable customer is experiencing financial difficulties. If you can spot the signs of a customer struggling to pay their invoices, you can take steps to minimize your exposure. Here are eleven signs that a customer […]

How Rising Inflation Impacts a Business

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However, Effects of Rising Prices can be Managed It is generally accepted that moderate inflation is good for business. For one thing, inflation usually means the economy is growing, leading to higher demand. Inflation also encourages consumers to buy now rather than later. It can also make moderate price rises easier to sell to customers. […]

What to do When a Customer Won’t Pay Their Invoices

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10 Ways to Improve Collections and Cash Flow If you manage accounts receivable (AR), you will be all too familiar with the usual excuses for non-payment. The check is in the mail, my manager is away on vacation, and we sent a payment to you last week; these are just a few tactics people use. […]

8 Significant Risks to Small Business Cash Flow

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How to Anticipate and Act on Them Managing the cash flow of a small business can be tricky at the best of times. Limited resources mean that one wrong move can significantly affect the bottom line and the money in the bank. For example, one bad hire would not bring down a big business. However, […]

8 Reasons Why a Budget is Essential for Business Success

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The time you spend on the budget will be time and money saved. Planning is essential for business success, and one of the crucial elements of a business plan is an annual budget. However, preparing a yearly budget takes time. And, when you have plenty of other things on your plate, spending hours crunching numbers […]

How to Calculate if Invoice Factoring Will be Cost-Effective for Your Business

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A quick guide to the benefits and costs of invoice factoring Invoice factoring is not a suitable financial solution for every business. Suppose your business raises only a few invoices and customers settle their accounts within 15 days, for example. In that case, the benefits you would gain from factoring invoices would be minimal. And, […]

The Most Common Invoice Management Mistakes You Can Easily Avoid

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It’s likely you’re making at least one of these invoicing mistakes, but it’s not too late to put good practices in place. If your business sends out sales invoices, it’s a good idea to have your customers on a set billing cycle. This keeps money flowing into your company on a regular basis. Steady cash […]