Archive for July 2018

Growing Business for the best factoring Invoices Right Here

Factoring is a process that allows a company to find short-term financing. It consists for the company to obtain anticipated cash expected from a debt held on another company, via a specialized credit institution (factoring company or, in English, “factor”). For example, if a company A has sold a product to a company B, which has two months to settle its debt, the company can cash the sum more quickly from the factoring company, obviously with a commission paid to that company.

Debt recovery

The receivable is thus sold to the factoring company which will be responsible for recovering it from Company B. Long considered a practice of last resort for companies in difficulty, factoring tends to become an outsourcing practice more widespread. For the factoring invoices it is important.

Factoring or factoring is a financial mechanism by which the company transfers its unpaid invoices to the factor that makes available – together or separately – the following services:

  • invoice management (‘pay as paid’)
  • the financing of invoices
  • recovery of unpaid debts (amicable, mediated or judicial)

Non-payment risk coverage (credit insurance)

It allows the company to finance the payment deadlines granted to its customers.

The main features

Factoring can be:

Managed (in delegated management) or unmanaged: the factor manages the payment reminders (phone, mail…)

Notified or not notified (confidential): the debtors of the company are clearly informed that its factor is subrogated in its rights and that the payments must be addressed to him

With or without recourse: the company does or does not exercise its right of recourse, either by itself or through its credit insurer. The abandonment of recourse by the company allows the factor to exercise this right itself, either directly or through the credit insurer.

The different factoring solutions

  • Full Factoring (Global factoring)
  • Full Factoring (Global factoring) includes both invoice management, financing, collection and non-payment risk coverage (non-recourse)
  • Bulk Factoring (Invoice Discounting System) or Factoring on Balance

Bulk Factoring or Balance Factoring is used to finance the balance of the customer balance, ie the sum of the invoices over a given period without changing the way of invoicing or the relationship with the customer. It does not include invoice management

Advantages

  • Quick financing (24 / 48h)
  • Financing adapted to seasonal cycles
  • An improvement in cash and working capital (DSO or DPM)
  • Services accessible to all business profiles: TPE, SME and GE
  • Services available nationally and internationally
  • The possibility of a partial or total outsourcing of “Credit Management”
  • A management quality of claims recognized by companies specialized in
  • credit insurance, giving access to preferential rates, or even exclusive products
  • Outsourcing partner providers of out-of-bank banking, leaving all banks free to negotiate

The benefits of a specialized factoring broker

Our collaboration with independent banking network factors will give you greater flexibility to negotiate other financial commitments with your traditional financial partner.

Easy Options for the Load Board Services

The logistics is a full service in most large and medium-sized businesses.This cross-cutting function is strategic and has a significant influence on the company’s activity. This file explains what logistics is in the enterprise, how important it is, and what the logistics management process is. The free trucking load boards are perfect here.

Definition of logistics

Logistics can be defined as the activity seeking to control the physical flows of an entity in order to make available and manage resources corresponding to the needs.

It is therefore a question of optimizing the management of the means to reach the predefined objectives.

It is in the military field that the term logistic appeared, it was about the organization of the supply of the troops so that they can keep their operational capacities in the long term.

The interest of logistics in companies

Logistics is a real competitive tool that aims to improve the coordination of the services of the company and to mobilize them to pursue a common goal: customer satisfaction. In certain industries, logistics can be a competitive advantage.

The objective of the logistics in company concerns at the same time on the short term (optimization of the daily physical flows) and over the medium to long term (implementation of action plans to optimize the parameters of production and storage)

Logistics management

Logistics consists in managing everything related to the transport and storage of the company’s products: vehicles needed for transportation, suppliers to the company, warehouses, handling …, optimizing their circulation to minimize costs and delays.

Logistics management is now done through the company’s information systems. For this to be successful, the company should ideally use a clear and identical coding for each function of the company, and use the tele-transmission of information

The purpose of the company’s logistics function is to coordinate the products in circulation so that products circulate continuously (to reduce delivery times) and group products (to reduce costs).

The company’s supply chain manages flows as efficiently as possible to reduce the following key costs: supply costs, shipping costs, production costs, storage costs.

Logistics management relies on indicators to measure the performance of the system in place and to detect points that the company needs to improve, such as:

  • For supplies: availability rate and delivery times;
  • For storage: monitoring the value of the stock, impairment and inventory coverage;
  • For transport: Average cost per product and filling rate of the means of transport.

 

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