AccuCredit Associates LLC - Govology...
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If the availability of more cash flow can increase your sales or lower your cost, then Factoring is the answer for you. What is Factoring? Factoring is the purchase of accounts receivable as opposed to a loan against them. By converting accounts receivable into instant cash, a company can stay current with its vendors, take advantage of supplier discounts and other keep up financial obligations such as payroll and taxes. Why do businesses chose Factoring? Many young and/or fast growing businesses have trouble obtaining traditional bank financing due to their length of time in business, profitability or financial strength. Other business that are eligible for bank financing are approved for insufficient credit limits. Highlights: • No debt is created or loans to pay off; • Efficient cash flow allows you to keep up with your growth; • Cleaner financial statements; • Raise cash against approved accounts receivable, instead of traditional measure of financial strength; • Continuous source of cash flow without the requirement of periodic payments or interim payoffs; • More sales equals more cash. Receivables Funding Facility Contract And Accounts Receivable Funding Supply Chain Funding - Purchase Order Funding AccuCredit Associates LLC 233 Rock Road, Suite 124, Glen Rock, New Jersey 07452 T: 877.836.3670 F: 201.775.4047 E: [email protected]
Transcript of AccuCredit Associates LLC - Govology...
If the availability of more cash flow can increase your sales or lower your cost, then Factoring is the answer for you.
What is Factoring? Factoring is the purchase of accounts receivable as opposed to a loan against them. By converting accounts receivable into instant cash, a company can stay current with its vendors, take advantage of supplier discounts and other keep up financial obligations such as payroll and taxes.
Why do businesses chose Factoring? Many young and/or fast growing businesses have trouble obtaining traditional bank financing due to their length of time in business, profitability or financial strength. Other business that are eligible for bank financing are approved for insufficient credit limits. Highlights: • No debt is created or loans to pay off; • Efficient cash flow allows you to keep up with your growth; • Cleaner financial statements; • Raise cash against approved accounts receivable, instead of traditional measure of financial
strength; • Continuous source of cash flow without the requirement of periodic payments or interim payoffs; • More sales equals more cash.
Receivables Funding Facility
Contract And Accounts Receivable Funding
Supply Chain Funding - Purchase Order Funding
AccuCredit Associates LLC 233 Rock Road, Suite 124, Glen Rock, New Jersey 07452
T: 877.836.3670 F: 201.775.4047 E: [email protected]
Do you need operating capital to execute a contract/purchase order? Then Purchase Order Funding is the answer for you.
What is Purchase Order Funding? Purchase Order, or Trade Finance, is a financing option for businesses in need of capital to fill cus-tomer orders. The financing extended to a client is based on the credit-worthiness of the purchaser.
Why do businesses choose Purchase Order Funding? When an invoice cannot be produced without some level of fulfillment, and therefore traditional in-voice factoring is not an option, businesses can turn to Purchase Order Funding to solve their capi-tal needs.
Highlights:
• Financing allowing for the fulfillment of customer orders
• Financing based on the credit-worthiness of the customer/debtor (ex. federal, state and municipal
governmental agencies or private companies with very well established financial wherewithal and
credit)
Purchase Order Funding Facility
Contract And Accounts Receivable Funding
Supply Chain Funding - Purchase Order Funding
AccuCredit Associates LLC 233 Rock Road, Suite 124, Glen Rock, New Jersey 07452
T: 877.836.3670 F: 201.775.4047 E: [email protected]
There is a fundamental disconnect between most companies and their vendors. Once a vendor delivers their goods and/or services, they would like to be paid as quickly as possible. Conversely, most companies like to wait as long as they can before paying those invoices. To remedy this situ-ation, most vendors offer a discount for prompt payment. Unfortunately, very few companies take advantage of the discount offer.
The VendorPay Program pays your chosen vendors one day after their invoices are approved by you without using your money and at no cost to you. You then repay us on an agreed upon timeta-ble.
How do we do this at no cost to you? By making use of the prompt pay discounts offered by ven-dors.
Implementation is easy:
We work with you to define the vendors suitable for this program.
• Vendors opt-in to the program
• We define a new payment term within your accounts payable roster for the vendors who opt-in.
• We pay your vendor in one day at their approved discounted rate
• You reimburse us on an agreed upon timetable.
The whole program is implemented in days and requires no additional human resources.
VendorPay/Supply Chain Solutions
Contract And Accounts Receivable Funding
Supply Chain Funding - Purchase Order Funding
AccuCredit Associates LLC 233 Rock Road, Suite 124, Glen Rock, New Jersey 07452
T: 877.836.3670 F: 201.775.4047 E: [email protected]
