Insights Blog

How to Boost Your Business Profits

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5 Practical Tactics to Cut Costs and Increase Income Every business should constantly be adapting to cut its costs and boost income, resulting in higher profits. This works on both ends—getting more sales will likely result in more profits, but reducing unnecessary costs will also support this effort. So, what are the most effective strategies […]

How to Recession-Proof Your Business

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10 Practical Steps to Strengthen Your Business For most small to mid-sized business owners, it is difficult to keep up with the broader economic news while still trying to run a company. But as the headlines start discussing the likelihood of recession, it’s important for business owners to pay attention to the writing on the […]

Common Cash Flow Pitfalls to Avoid

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6 Strategies to Sustain Growth and Profitability The majority of small businesses fail within the first five years of operation, and in over 80% of those cases, the cause can be traced back to problems with managing cash flow. Thankfully, with a bit of foresight and the right financial strategies, many of those cash flow […]

Invoice Factoring vs. Business Line of Credit

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Which Financing Option is Best for Your Business? Most businesses will require financing at some stage in their development. For example, there might be a need for additional working capital to fund expansion. Or funding may be needed to ease ongoing cash flow timing issues. Fortunately, there are various options open to businesses looking for […]

How Will Invoice Factoring Affect Your Customers?

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Learn about the minimal impact invoice factoring has on the customer relationship. Sales invoice factoring is a financing option for small and large businesses alike. This off-balance-sheet financing option releases the cash locked up in accounts receivable, improving cash flow and increasing liquidity. However, unlike other financing options, your customers will be aware that you […]

Why Do So Many Manufacturing Companies Factor Their Sales Invoices?

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How invoice factoring shortens the working capital cycle Any business that issues sales invoices to customers can benefit from sales invoice factoring. However, some industry sectors, such as manufacturing, have caught on to the benefits of factoring more than others. Manufacturing companies generally offer 30, 60 or 90-day credit terms, and that can be a […]

8 Accounts Payable Risks Businesses Must Guard Against

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Common AP Threats and How to Reduce Them Accounts payable (AP) is a vital function of any business. If vendors are not paid on time, supplies can be cut off, and the company could grind to a halt. But it’s not only the smooth running of an AP department that is critical. There is also […]

10 Accounts Receivable KPIs You Should be Tracking

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Key Metrics to Help Spot Trends and Performance Issues The aged accounts receivable (AR) report is valuable for managing customer credit accounts. You can see how much money is overdue by looking at the totals in the various aging columns. However, an aged AR report only represents a snapshot of accounts receivable at a specific […]

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 […]