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

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….

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

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,…

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The Most Common Invoice Management Mistakes You Can Easily Avoid

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…

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The Benefits of Invoice Factoring for Wholesale and Distribution Companies

Invoice factoring simplifies cash flow management and eases burden of managing accounts receivable Wholesale and distribution companies often operate with lower gross margins. So, the pressure is on to turn around inventory fast. But, sometimes, customers fail to pay sales invoices on time. And that can leave a cash flow shortage that can lead to…

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How to Know if Your Business Qualifies for Sales Invoice Factoring

Most B2B Businesses Can Take Advantage of Factoring Sales invoice factoring allows businesses to collect cash from their invoices as soon as an invoice is issued. The immediate receipt of most of the money due from an invoice simplifies cash flow management and releases funds that can be used for business expansion. Many businesses in…

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Small Business Financial Practices to Keep Your Momentum Growing

4 Routines to Follow for Sustained Growth As a business owner, it can be valuable to get a hold of your finances effectively. The tools you have available with today’s technology can help you manage your finances more efficiently saving you time and money. In order to best sustain your business momentum, there are several…

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10 Tips to Manage an Imminent Cash Flow Crisis

Take Immediate Action to Stem a Cash Flow Catastrophe Cash flow problems don’t always creep up on a business. Sometimes, a single event can cause a shortage of cash. A customer might unexpectedly cancel a significant order, for example, or be late paying a high-value invoice, or you might have overlooked a large payment that…

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The Top 10 Most-Read Articles of 2021

How can your business overcome the financial burdens of the past year? Over the past year, Universal Funding has published a variety of articles that explore topics ranging from financial forecasting and avoiding bad debts to managing your cash flow. Out of all of those various articles, here are the ones that piqued the most…

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Invoice Factoring Vs. Bank Overdraft—Which Is Best for Your Business?

Compare the Two Forms of Business Funding to Decide Which Best Suits Your Needs It is always best to look at all the options when deciding what type of finance will be a good fit for your business. And, when you need a line of credit to boost a company’s working capital, there are various…