Invoice factoring is a financing tool that allows your business to use its outstanding invoices to generate cash quickly and avoid waiting up to 90-plus days for customer payments. Essentially, your business is selling its accounts receivable to a factoring company at a discount.

For many people, moving into a new year involves taking stock of where they have been, where they are going and, most importantly, what makes up the in-between. If you are one of the many interested in maximizing yourself and your business, the first place to start is your mindset.

If you are a small business owner overwhelmed with a growing stack of outstanding accounts receivable, you are not alone. According to a report by New Sage, 13% of small and medium-sized business’ invoices are paid late.

The relationship between manufacturing companies and their customers is being revolutionized by various marketing and customer experience trends. Gone are the days when word-of-mouth marketing practices and a firm handshake were enough to win new customers and seal the deal.

When it comes to the financial management of growing a small business, cash is king. However, when a gap between paying your suppliers and employees and receiving payment from customers occurs, maintaining a smooth operation can become a real challenge.

 
As a small business owner, you understand just how important it is to stay on top of cash flow and what a challenge that task can be. Without sufficient cash flow, it will be difficult to meet payroll, operate smoothly and meet your financial obligations.

 
The manufacturing industry has evolved in recent years, thanks to new technologies, methods and consumer needs and demands. Even so, one fact remains the same: manufacturing and distribution is a capital-intensive industry with large capital expenditures.

 
According to a recent study, there are 2.36 billion millennials and 1.9 billion Gen Zs worldwide. With a reputation of being both big and elusive, engaging these generations is proving to be quite the challenge.

At one time or another, every business experiences late paying clients. There are many reasons why customers don’t pay their invoices on time (or at all), from misplaced bills and being dissatisfied to unexpected expenses that tie up their cash.

The COVID-19 pandemic has pushed industries to rethink how they do business – the oil and gas sector is no exception. In a race to maximize efficiency, oil and gas companies are shifting from on-site specialists and embracing remote drilling and fracking engineers.