Finance Your Receivables to Manage Your Cash Flow
Cash flow management is one of the most difficult jobs for any business, and that’s why it’s important to have the right tools for the job. You can optimize your accounts processes and communicate clearly with customers to improve your average payment lead times, but in the end, you can’t control when your money comes in. Similarly, you can set up optimal payment cycles for your outgoing expenses, but you can’t always move them without risking your relationships to vendors. That’s where accounts receivable financing comes in.
Financing Receivables for Improved Cash Flow
When you finance your receivables, you get the opportunity to access the money you’re owed early, so you can use it to pay your expenses when they need to be paid. The best part is, our team takes over managing the collection of your outstanding accounts, and after the advance and our fees are paid, you get a second payment with the portion of your funds that wasn’t originally advanced. It’s easy to use, and you can predictably build the fees into your estimates to customers whose accounts will be financed.
Benefits of Financing Accounts
- Reusable whenever you have new accounts outstanding
- Cost-effective—the faster your customers pay, the more cost-efficient it gets
- Payment insurance at your customers at no additional cost to you
- No additional long-term debt, no loss of equity
Contact Snake River Capital Funding today for more information.