We designed our calculator to help businesses get a quick overview of how much stress they can reduce with simple factoring solutions. Here’s how to use it.
1. Input Your Invoice Amount
Your first step using the factoring calculator is to enter a single invoice amount. You don’t have to have a specific invoice in mind—even a general estimate will give you an idea of how much you’ll be paid.
Factoring services shouldn’t be complicated. When you work with Riviera Finance, there’s no minimum invoice amount, and you won’t get charged any hidden fees.
2. Choose Your Advance Rate
Your factoring advance rate refers to the percentage of an invoice you expect to receive upfront when you work with an invoice factoring company. Our advance percentage ranges from 75% to 95%.
We provide a cash payment within 24-hours after invoice verification, or your client confirming the invoice is due under payment terms.
3. Narrow Down Your Factoring Rate
The factoring rate refers to the small percentage fee charged for processing your invoice, providing credit risk assurance on that invoice, and then advancing your payment. This rate generally depends on details like your industry and your invoice amount. We provide invoice factoring for a wide variety of industries, including hospitality, transportation, and temporary staffing.
Try using the invoice factoring cost calculator with a few different scenarios. To get an accurate quote to plug-in, based on your industry and invoice volumes, reach out to us.
4. Review Your Estimated Payout
Your factoring calculator results will show the final amount you’ll receive after we take out our factoring fee. You’ll also have an estimated balance upon payment, which refers to the small amount we withhold until your client pays in full.
While our calculator provides the closest estimate possible, your final amount may vary slightly based on your account details. Reach out to us and we’ll be happy to provide an exact breakdown so you can start enjoying better cash flow.
Get Started with Riviera
Want to see how factoring can help your business grow? Try our invoice factoring calculator and get started with Riviera today.
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