Financing Options for Companies in the Telecommunications Industry
For over 50 years Riviera Finance has been providing working capital to companies in the telecommunications field. With wireless providers quickly expanding 5G networks, the demand for telecommunication construction and supporting services is on the rise. But how do you take on new opportunities and projects without sufficient growth capital to cover operating costs?
Invoice factoring allows you to sell your accounts receivable for immediate cash. You no longer need to wait 30 – 60, or sometimes 90 days for your customers to pay.
Telecom Factoring Services
We know your customers and will advance you cash on your invoices for completed work. We work with businesses involved in:
- Cable installation and wireless services
- Cell tower erection and repair
- Maintenance & Repair
- Site Construction
- Power services
- Equipment maintenance
- OSP telecom services
- BTS installation
- Underground utilities
Maintaining healthy cash flow is one of the biggest challenges of any business. Let’s look at how you can boost your cash flow with telecom factoring.
What is Telecom Factoring?
Invoice factoring is a type of funding that allows a business to receive immediate payment for invoices. When you send out invoices to your clients, you may have to wait up to 60 days for them to pay. The factoring services offered by Riviera Finance allow you to collect cash upfront by selling your invoices.
Customers who require extended payment terms can put your business in a difficult financial situation. You have ongoing expenses such as payroll, equipment, insurance, taxes, and countless other business-related costs. When your cash flow is unpredictable, your ability to meet obligations may fluctuate from month to month. Furthermore, it’s hard to invest in marketing and other growth strategies. Invoice factoring is a financing tool that can free you from this uncertainty by providing you with dependable cash flow.
Advantages of Factoring Over Traditional Financing
Most businesses are familiar with traditional financing, such as bank loans. While loans are a viable way to obtain funding, there are several drawbacks to this approach. If you don’t have perfect credit or haven’t been in business for long, you may not qualify. Even if you are approved, it can take quite a while to actually receive the funds. You may also be limited by the amount of the loan you are approved for. Invoice factoring for telecom and cable vendors is an alternative that lets you avoid these issues. Here are some of the leading benefits of telecom factoring:
How Does Telecom Factoring Work?
If you’re not familiar with invoice factoring, you may be wondering how to get started. With Riviera Finance, the factoring process is simple:
- Become a Riviera client
- Deliver your products and services
- Send your invoices to Riviera
- Riviera verifies and pays you within 24 hours
Riviera forwards your invoices to your customers who pay us directly, so you don’t have to worry about collecting the payment for the invoices. We take care of the back-office work for you.
Why Work with Riviera Finance for Telecom Factoring?
Riviera Finance is a leader in invoice factoring with more than 50 years of experience working with companies like yours. Our professional, experienced team combined with our online tools makes managing your cash flow and accounts receivable simple. Here are some of the services we offer to help you grow your business while enhancing your cash flow.
- Dedicated team with direct numbers and emails to personally manage your account
- 24/7 access to ROAM -Riviera Online Account Management system where you can access all of your account information
- Automated invoice uploader tool
- Invoice payments processed and posted
- Detailed management reports customized to your needs
- Real-time alerts for important issues such as payment issues, returns and disputes
- Flexibility to choose what invoices and when to factor with no monthly minimums
Factoring for telecom and cable installation providers can make a big difference in helping your business improve cash flow, meet expenses, and continue growing. To learn more about how you can benefit from telecom factoring, contact Riviera Finance today.