By Andrew Cravenho
Small and medium sized enterprises seeking finance may want to consider invoice factoring. Invoice factoring is an example of how traditional financial arrangements are entering into new accounting practices toward sustainability.
Top 10 Reasons Why Invoice Factoring Is The Most Reliable Form Of Business Financing
Posted by
Sian Phillips under Finance
From http://tweakyourbiz.com 118 days ago
Made Hot by: bizyolk on January 24, 2013 1:47 am
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Comments
114 days ago
That has a knock-on effect - they don't get paid, so cannot pay the other small business who provides services, and on and on.
And we have to pay the big companies up front, or on time! No lee-way. Rant over!
Great post by Andrew, and I agree about discounting - I use it to get paid on or before time - improves my cash-flow immensely.
I enjoyed especially your points 3 and 4, especially for the medium size business or HTSU that is expanding quickly - and finance is desperately needed.
117 days ago
Italy - 83 days
Ireland - 59 days
USA - 40 days
https://www.internationalbusinessreport.com/Press-room/2004/new-research.asp
Do you think that this payment pattern has changed 10 years later? Factoring must be a reliable form of getting paid in time at several places around the world.
114 days ago
Italy sounds about right!!! Ireland 10 years on has been through boom-bust. This always effects payment delays - it's worse now than ever for small businesses. The focus is constantly on cash flow and getting the money in - it's so tiring!