Receivables Funding Company.They Thought I Was Crazy When...

Credit Management Services at No Extra Cost
   We provide credit analysis on both
   new and existing accounts.
   We actually pull credit reports
   from various reporting services that
   we contract with and report back
   to you as to whether or not
   they are creditworthy

Experienced Account Managers
   We are seasoned professionals with
   an average of 11years industry experience per    account executive.
   (Well above the invoice factoring industry
   norm of 2 years)

Personalized Service
   You have one dedicated person and his
   or her assistant who handle your account.

   Unlike the others, with us you don't
   have to start over each time you call
   with a new person

Please contact us today
   and our seasoned invoice factoring
   specialists will help you
   get the cash you need TODAY

Why Receivables Funding is necessary. When a business grows too fast, it may experience cash shortages that drive it into liquidation. A major reason for lack of funds is the lag times between the purchase of inventory, the sale of goods, and the collection of the account receivables. Depending on the industry, the receivables funding lag may be as long as three months or more.

Rising cost pressures and the slowing economy have put significant pressure on the already slim profit margins of the transportation industry, long plagued with sluggish growth and low returns. As management teams search for hidden fat in their budgets, the frequently neglected accounts receivables (A/R) function represents a prime opportunity to reduce costs with receivables funding.

A recent Ernst & Young study (2001) found that receivables funding costs within the transportation sector can consume anywhere from 1 percent to 4 percent of the total invoice, depending on the mode of transportation and invoice value. The actual range maybe a bit higher as these were estimates for large and efficient carriers with highly automated operations.

Receivables Funding can reduce Invoice Creation, Rendition and Delivery costs. This includes three major sub-processes: Data Entry for Billing, which includes detailed shipment data and such support documentation as Proof of Delivery notice, signature and tally sheet; Rating, which includes calculating the total receivables amount based on the proper contract/rate sheet and the specifics of the shipment being rated; and Invoice Rendition and Delivery, which includes all activities required to generate a well-formatted receivables and deliver that invoice to the correct billing address.