Press Release (ePRNews.com) - EL PASO, Texas - Aug 15, 2018 - Interstate Capital, a leading factoring company, is releasing a series of guides for business owners and decision makers to help them increase cash flow. As the lifeblood of all businesses, cash flow not only makes it possible for organizations to manage daily operations, it’s also fundamental to a company’s growth, making its management critical.
Keeping cash flowing into the business, however, remains a challenge for many companies. Interstate Capital is helping businesses by providing more of the tools they need to thrive with factoring services and helpful guides. The latest installment “8 Essential Invoicing Practices that Improve Cash Flow” is available now on www.InterstateCapital.com.
“Invoicing practices set the tone for the relationship,” explains Sarah Williams, VP of business development at Interstate Capital. “A straightforward billing plan with easy-to-understand terms gives customers confidence that they know what to expect from your organization.”
Invoicing practices set the tone for the relationship. A straightforward billing plan with easy-to-understand terms gives customers confidence that they know what to expect from your organization.
A strong invoicing strategy can help organizations win new business and clarify terms, which creates a good foundation for a mutually beneficial long-term relationship.
The problem many businesses face is that their invoicing practices are in direct conflict with the things that could bring cash in quicker and ensure profitability. Nearly all businesses report late payments and close to half of all B2B invoices are paid after their scheduled due date, per Atradius research.
To remedy this, Interstate Capital recommends things like automation, prompt follow-ups when payments become delinquent, early payment rewards and late-payment penalties, among other things. Factoring, a process involving selling invoices to a third-party vendor, makes it possible for businesses to receive payment within days of service and establishes positive billing practices that benefit both the business and the clients it serves.
Businesses interested in pursuing factoring services can get an instant factoring rate quote at www.InterstateCapital.com/Instant-Online-Rate-Quote.
About Interstate Capital:
Interstate Capital purchases nearly $1 billion in invoices annually. Established in 1993, the company has successfully funded more than 10,000 growing companies throughout the United States and Canada, speeding up cash flow and improving profitability. Interstate Capital is a division of Triumph Business Capital.
Interstate Capital is presently accepting applications from B2B providers. Those who would like to speed up their client payments are urged to visit www.InterstateCapital.com for a free quote today or call 800-422-0766.