Tired of Late Payments? 4 Tips to Get Paid on Time

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Tired of Late Payments? 4 Tips to Get Paid on TimeFor 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 payroll to meet, this can cause serious problems for your cash flow situation. The following are some tips to protect yourself from late invoice payments and enjoy better cash flow.
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How Much Does Factoring Cost?

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How Much Does Factoring Cost?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

How Invoice Factoring Works – In 6 Easy Steps

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How Invoice Factoring Works | Riviera FinanaceInvoice factoring is a type of alternative financing that helps businesses improve their cash flow situation. It can be used in place of or sometimes in addition to other types of financing such as equipment financing, unsecured loans, and venture capital.

Let’s take a closer look at how invoice factoring works so you can decide if it’s worth considering for your own business to help with cash flow and more.

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How Invoice Factoring Can Help a Seasonal Business

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Invoice FactoringMany businesses are seasonal and experience spikes and valleys during different times of the year. For example, if your business depends on summer tourist traffic, sales may be slow during the winter. On the other hand, you may have a business that depends heavily on holiday sales. In such cases, it can be tricky to maintain healthy cash flow during the slower periods.

There are many tactics to help offset cash flow problems. For example, you might introduce new products or services that are popular during your off season. Another very effective way to enjoy steady cash flow is to use invoice factoring, a type of financing that lets you collect payment up front for your invoices. Read more