Factoring Benefits
Benefits of Factoring freight invoices
Freight bill financing has gained significant popularity as a means of financing a growing transportation carrier or freight company because many shippers and customers pay their freight bills more slowly, sometimes taking up to three months to pay an outstanding invoice. Most small owner-operators are not financially prepared to manage this payment period, and it can prove problematic for even the largest freight enterprise. Below, we’ll describe freight bill factoring and the 4 major benefits it brings to companies of any size.
Benefit #1: Improve Your Cash Flow
The major benefit of factoring freight bills and the primary reason why companies use it is that it improves your cash flow. Instead of waiting 30, 60 or even 90 days for customers to pay up on an outstanding invoice, you receive an immediate payment from the factoring company, who then focus on collecting the payment from the client — not …show more content…
You can use this type of financing if you have a cash flow emergency and need financing quickly. Guarantee faster factoring with by speaking with your freight bill company to find out what documentation they need so they can process your requests even faster.
Truck billing specialists at Accutrac Capital, for example, understand the importance of timing in your operations. They work hard to make sure you get paid within hours of delivery verification. When you take your customers' invoices into account with a trusted and reliable factoring company, you always get paid in advance.
You can use this much-needed money for fuel, maintenance, taxes, payroll, insurance, and even new equipment. When you work with a freight bill factoring, you secure a partner dedicated to your success in the here and now, and the growth of your business in the
Freight bill financing has gained significant popularity as a means of financing a growing transportation carrier or freight company because many shippers and customers pay their freight bills more slowly, sometimes taking up to three months to pay an outstanding invoice. Most small owner-operators are not financially prepared to manage this payment period, and it can prove problematic for even the largest freight enterprise. Below, we’ll describe freight bill factoring and the 4 major benefits it brings to companies of any size.
Benefit #1: Improve Your Cash Flow
The major benefit of factoring freight bills and the primary reason why companies use it is that it improves your cash flow. Instead of waiting 30, 60 or even 90 days for customers to pay up on an outstanding invoice, you receive an immediate payment from the factoring company, who then focus on collecting the payment from the client — not …show more content…
You can use this type of financing if you have a cash flow emergency and need financing quickly. Guarantee faster factoring with by speaking with your freight bill company to find out what documentation they need so they can process your requests even faster.
Truck billing specialists at Accutrac Capital, for example, understand the importance of timing in your operations. They work hard to make sure you get paid within hours of delivery verification. When you take your customers' invoices into account with a trusted and reliable factoring company, you always get paid in advance.
You can use this much-needed money for fuel, maintenance, taxes, payroll, insurance, and even new equipment. When you work with a freight bill factoring, you secure a partner dedicated to your success in the here and now, and the growth of your business in the