Most factoring companies verify your invoices before depositing the advance into your bank account. Factors verify invoices to ensure they are accurate and don’t have any problems. This article explains the processes that factoring companies use to verify invoices. It covers: Why are invoices verified? Verification methods Customer impact What happens if there is a […]
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The Due Diligence Process in Factoring
Due diligence is the process of reviewing a client’s information to determine if they are a good candidate for factoring financing. One of the advantages of factoring is that the due diligence process is simpler and faster than the process for other solutions. This article covers: Basic due diligence How are accounts receivable secured? Contract […]
How to Finance A Wholesale Company in Canada
Wholesale companies can be very cash-flow-intensive businesses. You often need to buy products from suppliers to build inventory and fulfill sales. Unless you have payment terms with your suppliers, they often ask that you pay for the goods in advance or upon receipt. On the other hand, commercial clients usually demand payment terms as a condition of […]
Finance an Oil & Gas Pipeline Construction and Maintenance Company
Managing the cash flow of an oil and gas pipeline construction and maintenance company is challenging. Managers at the company often face complex operations and demanding cash flows. Consequently, the company risks financial problems if its finances are not managed correctly. This article discusses companies’ most common cash flow problems and provides two possible solutions. […]
Financing Your Import Business with Purchase Order Financing
Managing the cash flow of an import company can be challenging for a small or mid-sized company. While import companies can be profitable and have high gross margins, they require a substantial cash reserve to operate. And you need an even bigger cash reserve if your company is growing or taking larger orders. You need this […]