One of the most frequently asked questions about factoring is one of cost. While pricing can be simple and straightforward when an all-inclusive model is used, there are variations in factoring services to consider because not all factoring programs are created equal. Here we will discuss the main program differences that affect a factoring fee, also known as the “discount rate”. Read more
Finding new leads has always been one of the main challenges faced by freight brokers. In order to find a steady supply of qualified leads, you need to learn as much as possible about shippers and the items they transport. Here are some of the most effective ways for freight brokers to generate new business. Read more
Riviera Finance exhibited at the Oil Sands Conference and Trade Show in Fort McMurray, Alberta in mid-September. Alberta Premier Jason Kenney made the keynote speech and addressed his strategy to kick-start Alberta’s economy, including cutting corporate taxes, eliminating the carbon tax, and reducing limits on Alberta energy production. Oil and gas related companies from across Western Canada attended. Ryan Gabriel of Riviera Finance’s Calgary office, and Jason Smith from the Minneapolis office, enjoyed meeting with the local businesses.
One of the most important metrics to track in any business is cash flow. The amount of cash flowing into and out of your business plays a major role in your ability to function on a day-to-day basis. It also affects your growth potential. Lack of cash is a common cause of business failure. The best way to understand your business’s health in this regard is to perform a cash flow analysis. Read more