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
1-800-986-1854
Email Us
or complete the
On-Line Invoice Factoring Request
Form
More About Receivables Funding
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.