can invoice factoring financing help you save money n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Can Invoice Factoring Financing Help You Save Money? PowerPoint Presentation
Download Presentation
Can Invoice Factoring Financing Help You Save Money?

Loading in 2 Seconds...

play fullscreen
1 / 6

Can Invoice Factoring Financing Help You Save Money? - PowerPoint PPT Presentation


  • 6 Views
  • Uploaded on

Invoice factoring financing helps turn your unpaid customer invoices into fast cash, but does it help you save money?

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Can Invoice Factoring Financing Help You Save Money?' - PMFBancorp


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
invoice factoring financing helps turn your

Invoice factoring financing helps turn your unpaid customer invoices into fast cash, but does it help you save money?

How about I tell you it does, considering you take care of the things that are suggested in this short write-up.

The toughest part about running a company is getting your invoices cleared. Everything comes down to the fact whether your invoices are getting cashed out on time or not. Else, you will fail to replenish your product/services the way it is expected.

invoice factoring offers you the safest

Invoice factoring offers you the safest and easiest way to make funds available for the next transaction. However, the catch here is you have to pay a factoring fee to the financing company, which is basically a percentage of the total amount charged by you through the invoice. This percentage comes to anywhere between 1 to 5 percent.

Now, consider this: you are a trucking company and decide to factor your invoices because of a cash-crunch like situation. So, instead of waiting for months to get your bills paid, you resort to an invoice factoring financing company. Let’s just say that your bill was $50,000 (considering the size of your trucking business) and the lender factored you at 5%. Your immediate cash in hand will come around to $47,250.

even if your money problem is resolved

Even if your money problem is resolved for now, think of the money - $2,750 - that you couldn’t save. This figure can get much bigger when your bills get heavier.

But, there is a way whereby you can save money and don’t have to lose so much. All you need to do is find the right lender who:

Factors at less charges - There are A/R receivables financing companies that offer factoring at 1 to 2 percent as well. Although you might have to dig a little, you will get your invoices factored at very low charges. Saving almost 3 percent on all your invoices can help you save a lot of amount at the end of the year.

offer faster processing there is no point

Offer faster processing - There is no point of getting your invoices factored if you do not receive the money fast. Hence, make sure that the company you are dealing with has a faster turnaround time.

Find the right lender and you will not only pay your vendors on time, but could also save a lot of money in the process.