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Account Receivable Services For Your Business

There are many websites online claiming they can provide your business with cashflow, but who can you trust for reliable account receivable services. Well, that’s a good question. But the truth is it depends what type of account receivable service your business is looking for:
account receivable services
Are you looking for a one-time funding arrangement?
If so then spot factoring might be best for you. Spot factoring is a account receivable service in which you turn over one invoice for funding. Spot factoring typically comes with higher rates in the neighborhood of 3-5%. (more expensive because it is a one time arrangement)

Are you looking to deal with a slow paying customer?
How long are we talking net 30, net 60, or net 90? Keep in mind that most of the account receivable services you find online are advertising low rates for 15 or 30 days. If your customer is paying beyond that make sure you negotiate with the factoring company exactly how you will be charged if payment goes late. ( factoring companies usually add an additional  1% per 15 days)

Is your business growing fast and you need cashflow?
Know the difference between account receivable services and purchase order funding. If you are looking to get cashflow or letters of credit to pay suppliers then your are seeking purchase order funding. If you are looking to cash in your accounts receivable or sell you invoices so you can gain cash on hand then you are looking for account receivable services.

 Other reasons?

Our clients come to us with a range of requests to help fix their cashflow. Sometime life can throw you a curve ball ( a car accident or death of a loved one) we understand these things can have a tremendous effect on your accounts receivable and day to day cash flow. See the help of a reliable factoring company & read our free ebook explaining the pros and cons to account receivable services. 🙂

If your business is experiencing a strain on your cash flow give us a call toll free at 1-888-382-3766.

Published by

Chris Lanchech

Hi everyone, my name is Chris and I am a junior analyst at Neebo Capital and an inspiring blogger. We enjoy speaking with business owners and entrepreneurs who come to Neebo Capital looking for cash flow solutions. Give us a call toll free at 1-888-382-3766 or Visit us online at www.neebocapital.com View all posts by Chris Lanchech

Posted on July 26, 2012July 26, 2012Author Chris LanchechCategories Factoring Invoices, Small Business Cash FlowTags Account Receivable Service, account receivable services, accounts receivable, Accounts Receivable Services, factoring, factoring company, invoices, letters of credit

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