Nowadays the business environment is changing, cahsflow and capital are not easy to come by for the manufacturing and supply sectors. Business opportunities are becoming more competitive and margins are shrinking. Your clients are also needing more time to payback on their invoices.
As business owners we understand this scenario, and here at Neebo Capital we can help. We can boost your cash flow by providing advances of cash against the value of the businesses outstanding invoices.
Afterward you issue new invoices, we send you up to 90% of the exact value of the invoice within just twenty-four hours. And as soon as we receive payment from your customer, the remaining capital are paid to you, minus a small services fee.
For manufactures, suppliers and other businesses looking to sell off of credit this process of factoring gives you easy access to a continuous source of cash linked to your sales. So as your business grows we deliver the funds…fast! This cash on hand will allow you to take advantage of discounts your suppliers may offer for paying early, the capital will allow you to increase growth projects, marketing, ect.
In addition to the cash that we provide, neebo capital can also help you save valuable management time. This is time spent better focusing on expanding your business.
We provide a accounts receivable managing program where we follow up and collect outstanding invoice repayments from your customers on your behalf, to ensure that you have more time to focus on generating new business. We prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions. We give you twenty four hours on-line accessibility to your records, including scanned images of the checks that we receive, conversations, ect.
We have defined factoring, and our management service we offer as an optional. If you are interested in our factoring service, or any other need for capital then please visit neebocapital.com and discover how you can get funds to grow your business.
Welcome to our Blog, this article is about payroll factoring, and the advantages/ tips of factoring your invoices to meet payroll.
On the list of effects of the recent recession is this : companies have turn into more guarded and conservative with their cash flow. One example is, lots of large companies are preserving cash by paying their invoices more slowly. In turn, it’s affected smaller companies who rely on steady predictable cash flow to be in a position to meet their obligations. Likewise, smaller companies are doing the same thing and trying to pay their invoices slowly as well. Ultimately, everyone’s cash flow is being affected.
The issue with this is that many small companies live invoice-to-invoice and a delay in invoice payments can quickly send their finances into trouble. And since few small companies have any meaningful cash reserves, a delay may effect their ability to pay suppliers – and more significantly – their ability to meet payroll. Missing payroll can have substantial negative effects that could ultimately lead to the closing of the business.
Your first line of defense to avoid a cash flow absence is to build a cash reserve. This can be easier said than done because most small businesses don’t have the means to build a cash reserves. When you can build a cash reserve, your company will be in a better position to weather the inevitable storms that will hit your cash flow. If building a cash reserve is not an option, then you should think about using a business financing solution that can allow you to cover payroll and other expenditures if things get tight.
Invoice payroll factoring is a business funding solution which might be used to correct cash flow issues relatively quickly and with out the hassles associated with standard financing. It works by repairing the problem at the source. It provides you a cash advance for your slow paying invoices, providing the liquidity you need to meet payroll and other crucial expenses. With an invoice factoring solution you can get rid of the uncertainty of client payments, permitting you to obtain a more predictable cash flow.
Among the advantages of factoring is the fact the most crucial thing you need to qualify for this type of financing is solid commercial customers. It’s ok if your customers pay slowly and gradually – provided that they pay dependably. Besides from this, your company needs to be free of legal and tax issues. And factoring can be deployed fairly quickly – usually in a week or two.
An additional advantage of factoring is that it’s dynamically tied into your sales. This means that it can be increased easily as your sales increase, provided that you are invoicing credit worthy customers. This makes invoice factoring the perfect solution for small companies with good prospects that are hindered by cash flow problems.
Visit NeeBo Capital today!