Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.

How Invoice Factoring Saves You Time

June 26, 2018

Running a small to medium-size business takes both time and money. For many business owners, there never seems to be enough of either available during the course of any given day.  If this is the case, then invoice factoring is the right solution for you. It’s simple how invoice factoring saves you time and provides money your business can use.

Why Wait for Customer Payments?

There are situations when the timing is critical, such as when you have the chance to take on a new project. New projects usually require money for supplies, material, and labor. If there’s not enough working capital available because you’re waiting for a customer to pay their invoice, you may lose out on the job.

Invoice factoring eliminates the wait by paying you same day on your open invoices. Instead of spending time calling on overdue invoices, or scrambling to come up with money to buy material, invoice factoring advances you 90 percent of the value of an invoice right away. The factoring company then waits for your customer to pay the invoice while you have working capital to meet the demands of your business. When your customer pays the factoring company on the agreed upon terms, you’re remitted the remaining balance of the invoice, less a small factoring fee.

Use Your Time to Grow Your Business

As a business owner, you have the biggest stake in the success of your company. Using your time in the most productive manner will keep your business goals on track. Invoice factoring saves you time by eliminating the disruptions to your day and allowing you to focus on the big picture.

In addition to cash flow, top factoring companies provide value-added services to customers such as credit and risk management, invoice reviews, and collection services. At TCI Business Capital these services are free. Instead of worrying about a new customers ability to pay or spending time trying to get payment on an overdue invoice, our team handles those issues. This again allows you to focus your energy on what’s immediately important.

Invoice Factoring Saves You Timeinvoice factoring saves you time and improves efficiency

Opportunities come and go quickly. A lack of cash flow should never stop a business from growing. Invoice factoring saves you time because you can take advantage of new opportunities with the time you save and the cash factoring provides. If time is as precious as money for your business, invoice factoring is right for you. Imagine what you could do with the cash from factoring and these quality services:

  • Knowledgeable Account Representatives
  • Credit Analysis and Risk Assessment
  • Treasury Services
  • Collection Services
  • Fuel Cards & Discounts

About TCI Business Capital

At TCI Business Capital, we pride ourselves 0n being more than “just another factoring company.” The combination of extensive value-added services and unmatched customer support makes us North America’s #1 factoring company. Find out more about us by calling 800-707-4845.