Invoice factoring gives businesses the power to ensure growth without diluting equity or incurring debt.
WHAT IS INVOICE FACTORING
What Is Invoice Factoring?
Invoice factoring is the purchase of accounts receivable for immediate cash. Invoice factoring gives businesses the power to ensure growth without diluting equity or incurring debt. After invoices are submitted and verified, they are funded by Riviera Finance within 24 hours.
Your business needs working capital in order to take on new business, grow your business or manage everyday expenses. It’s tough to build your business when you’re waiting on your customers to pay for 30, 60 or 90 days.
Riviera Finance allows you to get paid right away. Instead of waiting for idle invoices to get paid, send them to Riviera to get paid right away. Once we buy your invoices, we become your accounts receivable department.
Take control of your cash flow with invoice factoring with Riviera Finance.
Benefits of Invoice Factoring
Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.
Immediate Cash
Our process is built around immediate response to client needs, and the best cash turn around in the industry.
Quick Credit Checks
Receive Credit Checks on Your Customers
Low Risk
Competitive Rates and No Hidden Fees
Financial Freedom
No Debt is Created
Bad Debt Protection
Riviera takes on all the credit risk!
Get Started
Complete the form for a Free Consultation.
How Invoice Factoring Can Benefit Your Company
Now that we have answered what is invoice factoring, discover the benefits of factoring invoices with Riviera Finance really boil down to adding profit to your bottom line. Before you factor, make sure you can take advantage of the features of invoice factoring and leverage them into value:
Take on Additional Business
Most of our invoice factoring clients can do more business if they have better cash flow. How this works depends on your industry and your market. Some real examples are:
- Improving or increasing marketing
- Saying “yes” to customers who demand credit terms
- Investing in income-producing assets–people and equipment
- Eliminating supplier constraints
- Shifting manpower from collection to marketing and production
Reduce Expenses
Many of our invoice factoring clients actually reduce expenses by outsourcing credit and administration to Riviera, and by leveraging their healthy cash position. The most common ways include:
- Eliminating bad debt with Riviera’s credit guarantee
- Reducing collection and administrative expenses
- Receiving cash discounts from suppliers
Improve your Financial Conditions
Factoring invoices for cash enables some businesses to “get current” or reduce strains caused by tight cash flow. It also improves their own credit rating. Here are some examples we frequently see:
- Staying current with suppliers and creditors
- Establishing payment terms with suppliers, further improving cash flow
- Meeting regular payroll obligations
- Bringing payroll taxes current
Why Wait?
Start getting paid immediately
How Can Your Company Benefit by Factoring Invoices with Riviera Finance?
Every company has a unique situation. Before signing up to factor, it’s important to estimate how our invoice factoring services can increase your business, reduce your expenses, and improve your financial situation. Call a Riviera Finance representative or request information, and we can help you answer these important questions.
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