Let’s begin with the process! You’ve performed a great service and/or delivered your product to the customer. What happens next? You kindly ask to be paid for your hard work. By asking we mean – you open your free invoice generator software, input the customers details and invoice amount, review to make sure you’ve got it just right, save as PDF and send for payment.
Now what? You wait; and wait and wait and wait until your client makes time to pay you. Does waiting to be paid add stress to your business? If you’ve got open invoices that you’re waiting to be paid for, how do you cover daily/weekly business expenditures?
You Factor those open invoices for immediate Cash Flow. So what is the best way to factor your open accounts receivable invoices? You use www.Factor.bid -where Factors compete for the opportunity to earn your business and buy your open A/R Invoices for immediate cash.
If given the option, would you take advantage of additional time to pay your vendors? For example, lets take a quick look at the diagram below. Guess which option is most popular, when presented?
Yes, if you guessed “Bill Me”, as in bill me later or after delivery of work, as promised- then you would be correct. Today’s well established and most popular business payment methods are unfortunately right in the way of your business getting paid quicker. You’re at the mercy of your customers. You’re at the mercy of industry standards for B2B payments and accounts receivable invoicing. This is common practice and has been happening for centuries all over the world.
So what can you do? Your business needs cash flow to cover day-to-day expenditures, weekly payroll, growth, investments and maintain sustainability.
FACTOR FINANCE YOUR RECEIVABLES
Factoring is faster than traditional financing, like bank loans and/or lines of credit. You’re open accounts receivable invoices are assets, start treating them as so.
If you want the best deal when factoring, download FactorApp for your iOS Apple and/or Android Smartphone. Factor App is part of Factor.bid -where Factors compete to buy your accounts receivable invoices, so you get the best deal when factoring.
What sounds better – receiving one offer for your open invoices, or receiving a few offers from the top factors eager to buy your invoices right now? If you’re thinking a few offers sounds much better than a singular offer, you’re correct!
What are you waiting for.., use Factor App and get paid as soon as today for open invoices.
Download Factor App now or visit www.Factor.bid to get started and get paid as soon as today for your open accounts receivable invoices.
Immediate cash for open A/R Invoices – Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash flow needs.
Factoring has been around for thousands of years. It’s a quick and stress free way to use your assets (invoices) to access additional cash flow. Why wait 30-90 days to be paid, when you can get cash in 24-48 hours, relieve the liability of having to collect the debt and re-invest the money into growing your business faster.