Businesses in all different industries are being affected by the ongoing shut-downs. Not only has business slowed for many, but customers are taking longer to pay. Whether you are a factoring veteran or you are new to invoice factoring, you’ve discovered how it can solve your cash flow issues.
However, an advance on your receivables will only benefit your cash flow and overall business if you get to keep that cash. Unless you are using non-recourse factoring, you are at risk of having to pay the advance back to the factoring company should your customer have financial issues and not pay. Increasingly late payments are one sign of a possible impending bankruptcy. Read more
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For a business that depends on invoice payments rather than cash purchases, late customer payment can be anything from an annoyance to a disaster. According to some estimates, as many as 60 percent of invoice payments are late. When you have regular expenses such as 
Any business with a website needs to pay attention to cybersecurity. It’s important to protect your site against hacking, malware, ransomware and other attacks. A cyber attack can be more than just a nuisance. It can cause serious damage to your reputation and business. The following are 10 important cybersecurity questions to consider for 2020.