Let’s take a closer look at the reality of being a small business owner. We know it means having decision-making authority and the opportunity to manage and grow your business to your unique business plan. However, we also know it means trying to do all the things a big corporation does with a handful of employees, or often on your own.
According to a recent survey completed by eVoice, the greatest asset most small business owners identify is time. When you are trying to do more work with fewer resources time can become a precious commodity. This is especially a reality when you are facing the steep learning curve of handling business finances, accounts receivables and trying to address the daily tasks and critical issues of being your own boss.
The same eVoice survey also found 91% of all small business owners are taking on the tasks of three or more employee roles within any given day. When faced with having to complete tasks in areas outside of your expertise there is less efficiency, greater risk of error and a greater chance of missed opportunities to save money in the process.
What is Factoring Receivables Worth to You?
Now, imagine if you could have a trusted, reputable and highly efficient factoring firm handle all your accounts receivables for you. This is exactly what we do, but we also provide a range of other fully tailored services to meet the needs of your growing business.
When people ask us what factoring receivables means to a startup or small business we can emphatically respond with two words, and they are “time” and “money”. By turning over your AR, we provide you with immediate funding based on a predetermined rate, typically at 80% of the face value of the invoice.
Then, as part of the included services, we manage the AR, handle your backroom services including collections, credit management and monitoring, access to credit insurance and follow-up services. To add even more value we provide you with 24/7 365 access to all your factoring accounts online so you can make an effective financial decision with current information.
This is very different than the services you can expect from a traditional lender. They simply don’t have the backroom services or the credit management and monitoring component offered through top factoring companies.
So, the next time you wonder what factoring receivables could do for your company, stop and consider all the possibilities. Not only do we provide the services you need but we can also help you to lower your breakeven point both now and even more dramatically in the future as your business grows.
Be the first to like.