15Nov

Carrier Fleets Use Factoring to Meet Increased Demands

Posted by NCF On November 15,2018
Carrier fleets are in a very interesting position right now. Shippers and customers rely on carrier fleets to get materials and goods to their destinations. Simultaneously, carriers are positioning themselves for growth to recruit more drivers and put more capacity trucks on the highways to meet the demands of the current economic climate. However, carrier fleets need ample capital to jump on growth opportunities while still covering payroll and other regular expenses.

The Cash Flow Bottleneck

Hauling shipments all over the country generates a large number of receivables. The standard procedure is to issue invoices with staggered payment schedules of 30,60, and even 90 days. The delays in payments can place a severe strain on cash flow, which can force carrier fleets to put growth projects on hold, and sometimes leave them struggling to cover overhead costs. This cash flow bottleneck can have bigger repercussions outside of just the trucking industry, causing supply chains t
08Nov

Maintenance Companies: Unlock Your Cash Flow Potential

Posted by NCF On November 08,2018
The demand for service companies has skyrocketed over the past year. Among those, maintenance companies have seen increased orders and contracts from both residential and corporate clientele. While many maintenance companies do not have the real estate or other assets to get traditional financing, there are ways to get the funding necessary to meet the demands of a growing customer base.

Maintenance Companies Rely on Cash Flow

A healthy cash flow is the key to long-term success for all maintenance companies. But with contracts and invoices, waiting on payment from customers can place a severe strain on cash flow. If there were a way to receive payment at the rate of delivering services, maintenance companies could grow exponentially without having to take out short-term loans for extra working capital. Fortunately, there is a way to unlock the potential of your cash flow without taking on unnecessary debt.

Boosting Cash Flow

Most maintenance companies provide serv
26Oct

Tech Factoring: Continuous Capital for Long-Term Success

Posted by NCF On October 26,2018
The technology industry covers a wide range of businesses, from hardware companies to software development, independent consultants, and everything in between. Yet whether your business sells large hardware configurations, consulting services on long-term projects, or subscription-based services, working capital keeps the lights on, allows people to find solutions, and meet time-sensitive deadlines.

Invoices and the Speed of Technology

Accounting and technology move at different speeds. A fast a crucial tech solution may be delivered within hours, but the rate at which clients pay their invoices may take a month or more. This disparity can severely restrict finances. Even lean tech startups require some very high-end resources to deliver on contracts and customer requests, and the lag in payments can cause operations to grind to a halt.

Resolving the Equation

In order to keep cash flow moving faster, and to build up the amount of working capital on hand, tech comp
18Oct

Revenue Cycles: Smoothing Out Uneven Cash Flow

Posted by NCF On October 18,2018
While business forecasts and projections can point to ballpark goals, revenue cycles themselves become rather uneven when analyzed on a more granular level. Sale figures fluctuate. For businesses that issue invoices with payment schedules of 30 days or longer, smoothing out uneven revenue cycles can go a long way towards growth and overall success.

What Causes Uneven Revenue Cycles?

There is no one main reason that causes revenue cycles to rise and fall. The overall strength of the economy certainly plays a big part. In some cases, customers purchase conservatively in one period and then buy aggressively in the next. For service-based companies, customers may allow contracts to lapse or fail to renew service subscriptions. In all of the above scenarios, having revenue tied up in receivables can place a strain on finances. While big businesses might feel a slight impact from cash flow turbulence, new and smaller businesses are affected more severely. Uneven revenue cycles can
11Oct

The Transportation Industry’s Cash Flow Gridlock

Posted by NCF On October 11,2018
The transportation industry serves every single business in the United States. From the food we buy at the grocery store to consumer electronics, raw construction materials, and everything in between, our economy thrives due to efficient supply chains and logistics. Yet even in the current economic climate, the transportation industry is facing growth challenges to meet rising demands from every industry.

Favorable Economic Conditions

The reports about our strong economy have not been exaggerated. Manufacturers are producing more goods. Consumers have extra capital and are purchasing more. The demand for capacity trucks has increased, giving transportation companies the leverage they need when entering into contracts. Even load matching apps are being used by larger clients, providing even more revenue options for independent owner-operators. Everything is lining up to favor the transportation industry, so why is it so challenging to meet the increased demand for goods to be
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