How Does Invoice Factoring Affect Your Customers?

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How Does Invoice Factoring Affect Your Customers?If you’re looking into financing solutions for your business, you may be considering invoice factoring, a process that lets you collect payment on invoices immediately, so you don’t have to wait for clients to pay. Factoring has been around for quite a while but there’s still a shroud of mystery surrounding it, at least for those who haven’t researched it. One area of concern that some businesses have involves the way invoice factoring affects customers. Let’s explore some common concerns so you understand the process a little better. Read more

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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