Posted by ncfwebadmin On September 27,2018
Managing receivables is vital to the success of any business. When there is a constant stream of revenue, businesses can make payroll, meet overhead expenses, and even make plans to expand their operations. Mounting unpaid receivables can cause cash flow to flip upside down, and suddenly those liabilities on the balance sheet threaten to overshadow your revenue. Fortunately, there are a few ways to handle receivables to ensure constant revenue.
Posted by ncfwebadmin On September 20,2018
Staffing agencies are in-demand now more than ever. Manufacturers, construction companies, government offices, big data companies, and every industry in between are turning to staffing agencies to fill niche roles. For growth-focused staffing agencies, the amount of on-hand revenue can mean the difference between small local clients and being able to branch out into new territories and hiring specialized people to fill those high-paying positions. Avoiding the Revenue Crunch Staffing agencies rely heavily on the turnaround time of invoices issued to their clients. Unfortunately, the lag between issuing invoices and receiving revenue can place a strain on finances. When revenue is “in the pipeline” for 30 days or longer, staffing agencies feel a big crunch. They may not be able to pay people who are currently filling roles, and larger contracts turn into missed opportunities due to the lack of capital needed to branch into new markets. Even large staffing agen
Posted by ncfwebadmin On September 13,2018
For businesses to thrive and grow, they need access to a reliable and renewable source of working capital. Since the earliest days of banking, when businesses needed extra funding, loans were the “go to” solution. In this day and age, the marketplace is moving at a much faster pace than it was even a few years ago, and business owners are trying to avoid debt-based lending to minimize liabilities and maintain a positive cash flow. Traditional financing methods are falling by the wayside in favor of a faster and less cumbersome method.
Traditional Loans and Cash Flow IssuesWhen we look at loans, taking on extra debt to correct cash flow issues, makes little sense. If cash flow issues arise, loans will only help to ensure those issues come to the forefront, later on down the line. For example, a business is experiencing cash flow issues. Expenses are outweighing the rate at which customers are remitting payment on invoices. To fix this, the business takes out a loan, whic
Posted by NCF On August 28,2018
Almost every aspect of our economy depends on the oil and gas industry, right down to the supply chains that move energy resources and finished products from coast to coast, and even overseas. Oil and gas sales are on the rise, but that doesn’t mean revenue is coming in any faster.
Business is Faster Today than Just a Few Years AgoEveryone from private homeowners to gas stations, heating companies, petroleum distributors, on up the market have the ability to monitor gas an oil, and place orders immediately. In response, oil and gas companies have had to improve supply chains and response time. However, despite advances in the oil and gas industry, the aging windows on invoices has remained the same. Customers at all levels still have up to 90 days to remit payment on open invoices. The lag in revenue is felt on the back end, and companies cannot keep up with customer demands because the capital simply isn’t there to maintain overhead expenses. If there were a way to bri
Posted by NCF On August 21,2018
Distributors are experiencing an increased demand from all industries. Being able to supply businesses ranging from the healthcare industry to the energy sector, retailers, and everyone in between is essential for success. Yet the increasing demand from customers means distributors are facing large and unexpected orders, and keeping a well-stocked inventory is a necessary part of the supply chain, and integral to economic growth.