The digital transformation is one of the hottest topics in business management right now. It is not necessarily a new concept, having actually started a few years ago. But companies not yet fully functioning in a digital environment are gradually finding themselves caught up in the transformation whether they like it or not. We have seen this firsthand in accounting and billing.
Philosophers have long debated the existence of absolutes. Some absolutely insist that absolutes exist; others say there is no such thing. While they continue to wrangle with the question, business…
Nearly every company experiences short-term financing needs from time to time. There are multiple options for covering immediate needs, including small business loans and credit cards. But there is one particular form of short-term financing that allows companies to leverage their customers as assets. Of course, were talking about account receivable factoring.
Businesses keeping a petty cash account on hand is not unusual. In fact, most small- and medium-size businesses make a practice of maintaining petty cash. Yet carelessness can turn petty…
As a company that specializes in debt factoring services, we deal with business debt every day. It is in our firm’s DNA. Over our many years in business, we have come to appreciate that business debt doesn’t have to be a bad thing. As long as it’s well-managed and kept in the proper perspective, business debt can actually be a sign of a healthy organization.
Small businesses have a number of options for meeting short-term financial needs. We offer one such option in invoice finance. Another option is the business credit card. Is it fair to say that one is better than the other? Probably not. Invoice finance and credit cards represent two vastly different forms of short-term financing with their own unique characteristics.
Most discussions of startup financing revolve around things like bootstrapping, angel investing, and equity funding. All those things serve a purpose when companies are first getting off the ground. But there are two dynamic tools young companies can rely on to keep things going as they grow beyond initial funding.
Thales Financial has had the opportunity to work with more than one young company in need of financing but unable to get small business loans. We typically explain that the service we offer does not constitute a loan. Rather, it is accounts receivable factoring. Our service can help young companies meet short-term financing goals while they grow their businesses.
One of our most recent blog posts discussed five ways to better manage working capital. It is a topic that should concern every business regardless of size or industry. Working capital is critical to keeping things running while the accounting department handles receivables and payables.
Invoice factoring for small business is a short-term alternative to business loans. By selling invoices to a factoring partner, companies can raise cash to meet all sorts of needs. That is important to know if your company has ever been denied a business loan. Invoice factoring is a legitimate alternative that might even be better in some cases.
Every business in America needs a certain amount of working capital. Insufficient capital means not meeting immediate needs without establishing additional lines of credit. But even establishing additional credit may not help if a company’s cash needs cannot wait for as long as it takes to arrange new credit. In short, companies need to manage their working capital well.
There comes a point when every successful business owner needs to decide what to do about growth. If the goal is to keep things small and in the family, growth must be capped accordingly. But if the goal is to continue growing and expanding, hiring is inevitable. As a company that specializes in invoice factoring for small businesses, we have experienced this firsthand.