Cash Flow Planning Today’s Smart Business Parachute

Cash flow planning today, your smart business parachute. Nice to have before you need it! Why do some business owners wait until the last minute to fix cash flow gaps that their business is experiencing?

For example; You extend terms to a good trustworthy customer, expecting to get paid in 30 days from the date of delivery. At first the customer is amazing, everything is going great and running smoothly between your two companies, until one day when all of a sudden their payment doesn’t arrive as promised. You figure, ahh it must be a slight oversight on their end. So you make a note to give ’em a call.

A week passes and still no check. So you call and email again and this goes on for about 20 more days. Your note reminding them to pay you now feels more like a ransom letter than a friendly reminder.

So what happen? Well no one really knows at this point. Yes you called and emailed Accounts Payable and they promised the check was in the mail, but still no check. Their slow-pay is now really starting to affect your payroll and business operations. I mean this is a big customer and their invoice amount due is enough to cover a whole month worth of payroll.

There are two ways this usually plays out:

1.) Your customer finally sends the check, 28 days late and you continue with business as usual, however now each time you invoice them after delivery, you have this gut-wrenching feeling in the pit of your stomach, wondering when and if they’re even going to pay. Will you need to borrow money off your personal credit card again to cover payroll if their check is late again or worse yet, never arrives?

2.) The relationship was already fragile and this was the straw that broke the camel’s back.  Your customer is offended that you called and emailed so many times, almost implying that they weren’t good for the monies owed or something.

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In any event, either of the two above scenarios adds stress to a business relationship and can usually be avoided altogether. Yes of course it can, if customers would just pay on time, however it’s a proven fact that some customers just slow-pay and that is how it’s going to be. So knowing that some customers just have it in their business DNA to slow-pay, how can your business protect itself from the negative side affects of unpredictable cash flow in your business?

The answer, prepare your cash flow parachute just encase this ever happens to you. Don’t be caught by surprise and interrupt a good thing you have going at your business. You shouldn’t be punished for working hard because one or more of your customers had slow-pay DNA.

You can unlock cash tied up in your accounts receivable invoices by factoring. Factor finance companies buy your invoices for immediate cash so you get paid within hours of invoicing customers. You won’t have to worry about slow-paying customers, you can continue working hard and growing your business as usual.

Factoring enables you to cover;

  • payroll
  • expenses
  • and invest your earnings faster to help secure more new customers and grow your business faster.

Factor financing grows with your business. The larger your business gets the more immediate capital you can access from your invoices. You don’t need to create friction between you and slow-paying customers, all you need to do is focus on what you do best, running your business and creating new customers relationships.

It’s recommended that you get a few offers when choosing a factor finance company that specializes in your industry. Visit www.factorbid.com and select the ‘Get Started’ button to quickly and easily get competitive offers to buy your invoices for immediate cash. When Factors compete, You Win!

Do your customer slow-pay on purpose, you may be surprised at who’s admitting to it.

Is the long tail of your suppliers killing you? The growth of your company may be suffering due to the actions of slow-pay customers. This is not acceptable and we know a simple and easy way to fix slow-pay accounts.

Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months.

This can be solved with by enabling working capital optimization also know as Factor financing (receivable invoices) which allows buyers to better manager their cash flow and for suppliers to get paid sooner.

“When three quarters of businesses have more than 50 suppliers and about two thirds send and receive more than 100 invoices a month, a culture of late payments impacts individual organisations as well as the economy as a whole,” said Esa Tihilä, CEO at Basware.

SLOW-PAY RECEIVABLE ACCOUNTS ECONOMIC SUPPLY CHAIN KILLER

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When asked –

  • Three quarters (70+ per cent) of decision makers think late payment is a fact of business and will always happen, despite 90 per cent acknowledging that payment delays have wider repercussions for businesses, such as the ability to pay staff or reduce investment.
  • Only about 1 in 4 businesses today have automated processes to manage payments efficiently
  • Two thirds (67 per cent) acknowledged that they have used payment terms as a strategic tool to help manage cash flow

If your business is tired of slow-pay accounts and strenuous cash flow gaps then click here to compare invoice finance offers..FREE! Unlock cash when you need it, as soon as you need it! More working capital at your fingertips in a matter of a few hours.

NOTE: LOUDHOUSE surveyed 1,015 strategic decision makers with a view of both Accounts Receivable and Accounts Payable processes and issues across ten countries (Sweden, Finland Norway, Germany, UK, Denmark, Netherlands, Belgium, US and Australia) in mid-2014 to gather the above metrics.

Here is what you need to ask yourself when seeking more profit from your business

A businesses desire to scale shouldn’t be entirely based on demand for their product or service. Demand will certainly play a large roll in how or when a business will scale. To Scale your business effectively means anticipating demand, not reacting to it.

If a company acquires two or three new clients and then realizes it can not fulfill their demands, business growth efforts are likely to collapse. This kind of activity leaves room for competition to move in and service unhappy or under-serviced customers.

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Predictable cash flow provides a business the flexibility it needs to stay competitive, grow quickly, fulfill new customer demands and generate more profit.  Do you know what your predictable cash flow is?

How Does A Business Realize Predictable Cash Flow:

Build in sustainability and scalability in order to make sure future cash flow is predictable. Examples;

  • Lock in customers – Offer incentives, sign contracts, improve customer experience to ensure customers are incline to work with you over the long haul.
  • Implement a consistent sales and marketing process – Design a process, train  your sales staff, put performance metrics in place and hold your team accountable.
  • Make delivery of your products and services scalable and repeatable – learn from your mistakes, identify cash flow gaps within your sales cycle and figure out how to eliminate existing problems.
  • Free up cash flow from slow paying customer accounts – Factor finance your accounts receivable invoices to get money your customers owe you today, instead of waiting 30 or more days.
  • Once future cash flow becomes more predictable, fulfilling new larger client accounts and efficiently servicing existing client accounts becomes much easier.

Don’t worry about the cost of doing business along the way. It takes money to make money and scaling a business successfully is challenging; mistakes will be made and you may even overspend occasionally. Learn from your previous business activity and implement a strategy to avoid similar mistakes the next time around. Hire people to help you strategize, attend local small business events to discover new ideas and most of all keep a positive frame of mind.

To get access to immediate working capital you may need to pay as you go so you can profit as your grow! Leverage assets within your business, like your accounts receivable invoices or promised payments, so you can increase cash flow and go after larger new customer accounts.

*Free Small Business Finance Resource:

When you’re ready to unlock money trapped in your accounts receivables, visit www.factorbid.com to compare invoice offers to buy your invoices. Factor bid is a free service for small businesses. Factors compete for the opportunity to earn your business and buy your invoices. You’ll get the knowledge and leverage you need to negotiate the best deal and most money when factor financing your accounts receivable invoices.

 

On-time cash flow, the difference between growing business or going out of business

Working capital in today’s fast paced business world is proving to be a necessity. You gotta have cash today or face the consequences tomorrow.

Use to be that money on the books meant you really had nothing to worry about, right? Customers owe you money, you invoice those customers for payment and eventually when they get around to it, you get paid. They promise you payment, you promise others payment and so on and so forth.

So businesses start running accounts payables based on outstanding receivables, anticipating payments from extending terms to their customers and then budgeting their financial responsibilities accordingly. Until this happens.., your customers slow-pay or worse- don’t pay altogether. Now what? You’ve got bills due, promises to keep and you’re expecting that check; but now your customer is telling you you’ll have to wait.

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Waiting on accounts receivable payments can add a huge amount of stress to a business, not to mention the business owners. Many businesses run on razor thin margins in order to stay competitive, and don’t have the funds in reserve to finance slow-paying customers or cover payments for customers that don’t pay.

Take a look at your business operations today. If even one of your top 3 customers didn’t pay, could you continue to operate at the highest level of business operation or would it send your business in a downward tailspin of financial distress?

REDUCE, REDUCE, REDUCE and REPEAT

Reduce your liability in open accounts receivables. Reduce the amount of time spent collecting money owed to your business for goods and services that you’ve already delivered. Reduce bad-debt by unlocking capital trapped in your open accounts receivable invoices.

Factor finance companies have lots of money. They want to share their money with you and get you paid immediately for your invoices, usually within hours of invoicing your customers. Factors don’t mind waiting 30, 60 or even 90 days for your customers to pay up. They make a little bit of money by assuming responsibility of collecting the owed money and keeping your cash flush and on-time so you can keep running your business at the highest and best level.

Factoring your invoices enables you to get paid immediately. Think what you could do with more working capital right now.

  • Pay off higher interest loans
  • Purchase new equipment to increase productivity
  • Hire additional employees to help bring in new customers
  • Pay suppliers in advance to receive discounts on your purchased orders
  • Invest the money to expand your business model and generate additional income

However you decide to use your money, accessing it within hours of invoicing your customers will give you the leverage you need to stay competitive and grow your business brand much faster.

Choosing the Best Factor Finance Company in 3 Simple Steps

  1. Go to www.Factorbid.com
  2. Click “Get Started” button
  3. Choose the best available finance offer available today

Factor Bid gets you competitive offers from the top finance companies in that specialize in your industry. You’ll quickly be matched with the best rate, terms and offers today. Factor Bid is real-time and when finance companies now they’re competing for your business, they’re going to give you their most competitive offer right away or face loosing your business to one of their competitors.

Get the knowledge and leverage you need to negotiate the best financing deal for your growing business. Don’t risk not getting paid or the stress that comes with financing your customers while their businesses flourish and yours waits to be paid. Trade in those outstanding invoices for immediate cash flow and focus your time on gathering new customer accounts, not collecting money from completed work.

Factor Bid is a free online business resource for small to mid-sized business. You’re under no obligation to finance. Try it today to find out how much working capital your business can access!

Compare Invoice Finance Offers.. Free, small to mid-sized business working capital

Compare Invoice Finance Offers.. Free. If you’re a small to mid-sized business and can benefit from an immediate increase in working capital then take a look at Invoice Financing (factoring).

What is Factoring?

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.

Are outstanding or slow-paying invoices holding your company back! Don’t stand by holding the bag, while your customers use money they owe you to grow their business. Take advantage of factor financing and let someone else finance your customers growth so you can focus on your own growth and increasing your annual profits.

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How do small to mid-sized business get immediate cash by factoring?

If your business invoices creditworthy customers on terms, then you may qualify for immediate cash flow from your accounts receivable invoices. Factoring uses the creditworthiness of your customers, not your business credit. If your a fairly new company and working hard to establish good business credit and payment history, then invoice factoring can help.

By accessing immediate cash flow, your business can afford to;

  • pay suppliers and earn volume discounts
  • pay off higher interest loans on your personal or business credit that you’re using to support your business
  • Cover payroll expenses
  • Fulfill larger orders
  • Take in more new customers

To find out more about how factor financing can help your business with credit checking customers, bookkeeping and accounts receivable management, increase working capital and build your business credit visit Factor Bid’s home page and click the get started button. You’ll be able to quickly and easily compare invoice finance offers from the top factor finance companies so you get the best deal when factoring your invoices.

Factor Bid is a free small business resource and you’re under no obligation to factor. Get the knowledge and leverage you need to negotiate the best deal when financing your accounts receivable invoices for immediate cash!

Grow your business faster and increase your bottom line with factoring.

A nickel ain’t worth a dime anymore (business cash flow)

Money owed or tied up in accounts receivables is worth less to your business and even creates problematic cash flow gaps, whereas your business is loosing profits or declining in value by carrying/financing your customers growth, while your business waits to be paid.

Let’s increase your business cash flow with assets that already exist (accounts receivable invoices). Keep reading and discover how making your money work for you today is worth more than money paid in the future, or simply skip to our website and get started now unlocking money tied up in your outstanding receivables!

Money is vital for any business. Without it, your business can’t grow from small operations into something bigger. To understand what your business capital is and how it really works is crucial to being a successful entrepreneur and business owner.

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Outside the banking world, most business owners are not familiar with different types of capital available to bank roll business expenditures. A deeper understanding of financing and a popular financing option know as factoring will better help you manage daily and long term business finances.

Invoice Factoring – is the selling of invoices to a third party (called a factor) to improve cash flow and reduce bad debt. Receive an immediate boost to cash flow, while at the same time eliminating the need to process invoices.

Benefits of Invoice Financing (factoring)

  • Increase Cash Flow
  • Cover Payroll Expenses
  • Pay Suppliers early for discount pricing
  • Pay off higher loans / tax liens
  • Fulfill larger orders
  • Pursue bigger client relationships
  • Grow your business faster
  • Reduce bad debt as the third party buyer assumes risk if the invoice is not paid

Financial Health of your Business and Working Capital – Working capital is money you need to cover basic operating expenses in your business everyday. Expenses include payroll, inventory purchases and carrying of accounts receivable (money customers owe you).

Let’s determine how well your business is doing. We do this by finding out the working capital ratio of your business. The ratio is a good indicator of your company’s financial health and can tell you a lot about the direction your business is heading. You’ll also discover if you have enough short-term assets to pay off short-term debt you business might produce.

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Rule of thumb –  your current assets should be higher than your total current liabilities, which provides you with positive cash flow and positive working capital. If you are experiencing negative working capital, due to slow-pay accounts, large payroll costs, new expansion costs and/or additional accounts payable supply costs then your business may be experiencing cash flow gaps and even heading in the wrong direction.

Some ways to counteract negative cash flow and increase working capital ratio are to cut inventory, collect on outstanding or slow-paying accounts receivable invoices faster and pay bills a little more slowly.

Factoring can help your business now by collecting money owed in accounts receivables today. When you decide to factor invoices, you’ll have immediate access to more working capital and are able to focus on growing your business faster, instead of back-peddling and trying to figure out how to slow business growth or liquidate assets and supplies need during profitable cycles.

As long as your business is making more money than the cost of factoring is costing your business, then using a factor finance company’s money for a small fee is absolutely worth it. Stop financing your customers growth while your company lags due to slow paying or late paying customer accounts.

Factors are in the business of making money. They have a good deal of experience and knowledge in your industry and most likely will help your business grow even faster than you’ve experienced in the past.

It’s recommended that you get a few competitive offers when selecting a factor finance partner to work with.

Factor Bid – Compare invoice finance offers.. Free! Use www.factorbid.com to quickly and easy match your invoices with the top factor finance companies that specialize in your industry and are eager to buy your invoices for immediate cash.

Is your business on the Go? Download our financing app and get started accessing cash tied up in your receivables today!

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Factor App download link  for your Android Smartphone

Factor App download link for your Apple Smartphone

When Factors Compete To Buy Your Invoices, YOU WIN!

Factor Bid – Invoice Finance Offers

 

Source Quote Credit “A nickel ain’t worth a dime anymore”

 

Quick Guide to Invoice Factoring – Factoring enables you to turn the money customers owe you into working capital

Working Capital | Business Cash Flow

What is Invoice Factoring – Invoice factoring (also called accounts receivables financing and invoice discounting) is a smart business fiance tool that gives your business immediate access to monies your customers owe you, on the same day an invoice is generated, so that you don’t have to wait 15, 30, 60, 90 – days or longer -for customers payments.

Access to cash that’s tied up in your accounts receivable invoices enables you to reinvest working capital into your business more quickly.

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Benefits of Factoring Invoices:

  • Take on more new customers
  • Expand your business operations
  • Cover payroll and hire more new employees
  • Pay suppliers to receive a volume purchase discount
  • Pay off higher interest loans and equipment financing
  • Take on bigger orders more quickly
  • Cover day-to-day operating expenses

Having the ability to access immediate cash and increase working capital will help your business grow more quickly, keeping you competitive and relevant in your industry.

How The Factoring Process Works:

  1. Your business generates a customer invoice. Instead of waiting weeks or months for the customer to pay-
  2. Factor the invoice with your factor finance partner and get same day funding up to 98% of the total amount of the invoice, for a small fee – which could be as low as 1% of the amount of the invoice.
  3. Once your customer pays the full amount of the invoice, the amount held in reserve is also returned to you, minus the factoring fee.

Why Use Factor Financing For Your Growing Business?

Factoring enables you to turn the money customers owe you into working capital, that you can use for your business today. There is not need to wait weeks – months for the chance of customers to pay, instead free up working capital immediately.

More Working Capital Enables Your Business To:

  • Offer generous credit terms to your clients as a competitive advantage
  • Leverage purchasing power to negotiate discounts with suppliers and vendors
  • Improve your ability to meet day to day expenses
  • Take on new customers or fulfill larger orders
  • Reduce accounting -related costs
  • Reduce your companies financial risk from bad debt with non-recourse factoring

A factor (in a non-recourse factoring agreement with your company) assumes the credit risk for the factored invoices. If a customer is unable to pay for credit reasons, the factor will absorb the loss, not your business!

There is also recourse factoring agreement, which is less expensive, because your company assumes more risk. With recourse invoice factoring You may also be required to repurchase invoices that remain unpaid by your customers and cover your own legal or collection costs in collecting payment from non-paying customers.

Common Reasons Business Owners Use Factoring:

  • Slow-paying customers that are creating a cash flow crunch
  • Customer accounts with extended terms, stretching out payment due date
  • To offer longer payment terms for customers, to attract new customers and/or match what competitors are already doing
  • Need access to immediate working capital to take advantage of emerging business opportunities – like taking on bigger clients or fulfilling larger orders
  • Speed up cash flow to meet operating expenses
  • Expedite cash flow to take advantage of supplier vendor quick-pay discounts
  • Reinvest money tied up in receivables more quickly
  • Grow their business faster in order to increase their market share within their industry
  • Make a larger return on investment each year
  • Utilize the experience of the factor finance company to help organize and deploy a more efficient bookkeeping and collection cycle

If you’re ready to see how much more money your business can access every month by factoring your accounts receivable invoices, then simple click the Get Started button at our www.Factorbid.com website.

Factor bid quickly matches your business with factor finance companies that specialize in your industry and are eager to earn your business and buy your accounts receivable invoices for immediate cash.

At factor bid -you’ll receive a few competitive offers from factor finance companies. Review each offer and decide which offer is the best fit for your business.

Factor bid is fast, easy to use and secure. Spend a fraction of the time (locating the top factors) and receive the knowledge and leverage you need to negotiate the best financing deal for your company.

Factor bid is free for business owners and you’re under no obligation to factor. Find out what your financing options are within a few minutes at Factor Bid.

On The Go! – Download Factor App – to get started comparing offers!

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Factor App invoice financing on your Apple Smartphone

Factor App invoice financing on your Android Smartphone

Increase company cash flow in 3 easy steps

Imagine what you could do with your money if you didn’t have to wait 30, 45 or even 60 days. Your business can get the revenue owed to you in accounts receivables within 24 hours of invoicing customers.

Step 1 – Visit www.factorbid.com

Step 2 – Submit an open invoice

Step 3 – Be available to receive competitive offers

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Your business accepts terms, like most competitive small-medium sized businesses in North America. Let someone else finance your customers net 30, net 45 or net 90. Use your earned money to wisely expand your business to increase marketshare and grow faster.

How? With Factor Financing.

Unlike banks, Factor  Finance Companies don’t hold you to a long-term loan backed by personal collateral. Factors simply get you the money you’ve already earned 30 to 90 days sooner! Factoring your accounts receivable invoices will help fix cash flow gaps immediately without digging you further into debt.

Factoring uses your business assets (accounts receivable invoices) to get you immediate cash! So what would you do with predictable cash flow on the first of every month. Opening up your accounts and seeing a consistent stream of positive cash flow; no more waiting for slow-paying customers to send you a check payment.

How to get started! Simple, visit Factor bid and click the Get Started button on the home page. You’ll be directed to login to a secure page, upload an invoice, tell us the amount of the invoice and what industry your company is in. Within the hour you’ll have a few of the top factor finance companies contact you with their very best invoice financing offers.

Don’t wait 30,45 or even 90 days, get paid as soon as today! 

Factoring Helps With:

Working Capital – cover payroll, day-to-day expenses, fuel, supplies, repairs and more

Growth Opportunities – accept more new business and increase you annual revenue

Maxed-Out Credit Line – factoring is asset based and uses your receivable invoices

Government Suppliers – purchase order financing and letter of credit

Payroll Funding – stop stressing about covering employees checks

Slow-Pay Customers – stop financing your customers, while your company struggles

Bank Turndowns – check out factor financing

Undercapitalized Companies – need immediate capital to keep your business competitive

High Customer Concentrations – flexibility in customer payments

Seasonal Business – produce and other seasonal items in demand

In Need Of Vendor Guarantees – cash  positive factor partner

IRS Issues & Tax Liens – pay off costly interest payments and liens

Operating Losses – pay down bad debt to keep your business running strong

Is your business in the transportation industry or always on the go? Grab Factor App and within a few clicks you’ll have competitive offers to buy your accounts receivable invoices.

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Factor App for your Android Phone

 

Your company needs working capital to sustain business growth (invoice finance)

Working capital is the cash necessary to keep the doors open, the business running efficiently, all while meeting financial obligations in order to turn a profit.

Positive cash flow creates a company’s working capital along with investor funds and even bank loans on occasion. When your business has more cash coming in than going out there is a positive cash flow. However when more cash is leaving the business than coming in, cash flow is tagged as being negative.

How does your business cash flow look?

Is your business experiencing cash flow problems? It’s not enough for a business to be profitable on paper if there is no predictable cash on hand to pay day-to-day expenditures like payroll, rent, suppliers and other obligations. With limited cash flow you’re production runs may be disrupted, fulfillment orders delayed and growth slowed. To be sustainable, a business must have positive cash flow – more money coming in than leaving. If you have a good business with solid long-term expectation but you struggle to pay operative monthly bills, chances are your business has a cash flow problem.

Check out www.factorbid.com to get competitive offers on your financing needs!

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What is causing your cash flow problem?

It’s important to determine the cause of your cash flow problem. There are a few primary factors that impact a business cash flow, both in a positive and negative way.

  1. Inventory – Every dollar spent on inventory is a dollar less you have to spend on growth strategizing.
  2. Payables – Every dollar you invest in paying suppliers ‘upfront’ is a dollar less available to spend on growth.
  3. Accounts Receivables – Every dollar tied up in accounts receivables is a dollar you don’t have to spend today!
  4. Growth Rate – Every dollar tied up in expansion is a dollar less you have to spend.
  5. Profit Margin – Quarterly profits are great but you need cash to pay bills now.

So how do we solve cash flow problems?

We need to take into account the business inventory, profit margin, accounts receivable, accounts payable and growth rate. By calculating current and projected figures for your business, you can forecast monthly cash flow needs, determine potential cash flow gaps, and develop strategies to mitigate cash flow problems.

A good financial model lists cash vs. profits!

You’ll need to calculate fixed numbers like

  • Starting Cash $200,000
  • First month’s Sales $5,000
  • Cost of Goods Sold (50% of Sales)
  • Monthly Sales Growth (1%)
  • Sales on Credit (100%)
  • Collection Days (30)
  • Profitability (% of Sales)
  • Initial Inventory Balance ($0.00)
  • Months of Inventory (Kept on Hand)
  • Starting Receivables ($0.00)
  • Starting Payables ($20,000)

Once you calculate your figures, it’s a much easier to clearly identify your cash flow problems and understand how much additional cash your business needs to operate smoothly until your cash flow positive.

If you find you’re not able to solve your cash flow problems by renegotiating terms with suppliers, cutting down excess inventory, increasing profit margins, slowing growth, or convincing customers to pay sooner, you should look for an external source of cash, a financial partner like a factoring company.

If you’re not a fan of acquiring new debt by taking out a bank loan and you’re already financially carrying your customers by agreeing to a net 30 or net 45 payment terms, you most likely can benefit from factor financing your outstanding accounts receivable invoices for immediate cash. Cash flow problem solved!

Factoring is a flexible financial solution that turns the bulk of A/R Invoices into immediate cash within 24-48 hours of invoicing your customer(s). The approval process is fast and simple and the fees are small, making the factoring financial solution an elegant business choice for the growing B2B entrepreneurial business.

Factoring is affordable, flexible and fast. If you’re considering factoring your open accounts receivable invoices, make sure and visit Factor.bid – where factors compete for the right to buy your invoices for immediate cash. Get a few offers from the top factors and choose the best deal for your growing business!

Is your business MOBILE? Get Factor App for invoice financing on the GO!

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