Factoring Articles

Merchant Factors

8 Financial Solutions to Manage your Cash Flow

Considering business rescue? Here’s how factoring can help To understand cash flow and how to manage it adequately, one first needs to understand what cash flow is, how it works, and how it impacts a business. The term cash flow refers to the money that flows in and out of business in any given month. (Read More).

Global factoring market: 2019 update

Considering business rescue? Here’s how factoring can help Factoring, also known as accounts receivable finance, is an increasingly popular method of business finance, worldwide. With factoring, a business sells its debtors book to a third-party organisation. This unlocks working capital, allowing a business to expand more rapidly and offer more attractive credit terms to its clients without running the risk of cashflow problems (Read More).

Considering business rescue? Here’s how factoring can help

Considering business rescue? Here’s how factoring can help Businesses may find themselves in financial distress for several reasons. Of course, in some cases there are fundamental failures, which cannot be rectified. In many others, however, it is the culmination of several unfortunate circumstances. (Read More).

Optimising financial expenditure in SMEs

Optimising Financial Expenditure in SMEs  Financial expenditure is an essential component of all businesses. It is also very costly. Taxation, insurance and banking costs form a major part of this. While unavoidable, these should not begrudgingly be accepted as rigid costs. Rather, this expenditure should be optimised: ensure that what you pay aligns with the requirements of your business. (Read More).

How to cut costs without impacting quality

How to cut costs without impacting quality   While South Africa’s economy appears to be on the mend, the recovery will likely be a slow one. There are indeed many positive indicators, such as higher household spending, but the power crisis continues to be a massive concern, both for national economic growth and for the immediate profitability of businesses. (Read More).

6 ways SMEs can boost productivity

How well do you know your competitors?  Increasing productivity is a key challenge for any business – simply put, it determines how effective your inputs of time and money are, whether you can turn a profit, and grow. (Read More).

How well do you know your competitors?

How well do you know your competitors?  "Know your competitors” is a phrase frequently uttered by business-gurus – but why is it so important, and what exactly does it mean? It’s not just being aware of them, but knowing the ins and outs of what they do, who their client-base is, where they excel and where there are gaps to capitalise on. (Read More).

How to nurture your business through each stage of growth

The SME guide to working smarter  The process of growing a small business to maturity can be a lot like raising a child: some key principles remain constant, while others require adapting to your business’s changing needs. Commitment is always paramount, but where you invest your time and energy must evolve. (Read More).

The SME guide to working smarter

The SME guide to working smarter  The phrase “work smart, not hard” has become a common business-motto in recent decades, with admin and inefficient workflows increasingly eating up time. This is especially true for SME owners, who often do the work of several people, rather than focusing on high-value work. (Read More).

Year-End Business Checklist

Year-End Business Checklist As we head into the holiday season, here are our top six business tips for ending 2018 on a positive note. (Read More).

How to negotiate better credit sales terms

How to negotiate better credit sales terms  As an organisation that trades business-to-business, do you sell to your customers on credit terms? You may, for example, have agreed to net 30 days. This means that the customer must pay within 30 days of the invoice date. Or, are you dealing with credit sales terms that run into months? (Read More).

How to spring clean your business finances

How to spring clean your business finances  For many companies, cash flow problems can feel like an eternal winter. When funds begin to dry up, business slows down and growth plans go into hibernation. If this sounds familiar – it may be time to spring clean your business finances. (Read More).

How to get paid on time without impacting customer relationships

How to get paid on time without impacting customer relationships  Collecting payments when these are due is vital for any business to succeed. Late payments by your customers can lead to an array of issues such as cash flow problems, low productivity and stress. (Read More).

The cost of factoring – and how to off-set these expenses

The cost of factoring – and how to off-set these expenses Are you gearing up for a new growth phase in your business? Or are you struggling to make ends meet as you wait for your customers to pay their invoices? There are many reasons why companies choose to factor their invoices. (Read More).

The growth factor: expand your business with factoring

The growth factor: expand your business with factoring    As a business owner, you may have reached the point where you’re ready to grow your sales. Perhaps you want to seize an exciting new opportunity in the market or expand into new locations. Maybe you’re ready to introduce a new product line or you want to hire new skills. While there’s no limit to your growth plans – you may well be limited by your cash flow. (Read More).

Online business loans vs. factoring

Online business loans vs. factoring  Accessing working capital to boost cash flow or pay off debt can be a challenge for any business. As a smaller company, this can feel especially daunting. When the banks turn down your loan application, where can you go? (Read More).

What happens when the bank says “no”?

What happens when the bank says “no”? Needing access to finance is part and parcel of running a business. And many companies explore the traditional bank loan route first. However, conventional sources of capital are not easy to get. (Read More).

Fintech and the future of factoring

Fintech and the future of factoring As a small company that has battled to access working capital in the past, you may be wondering whether fintech is the business finance solution you’ve been looking for.(Read More).

How to keep your small business afloat with factoring

How to keep your small business afloat with factoring In South Africa, experts predict that SMEs will provide 90% of all new jobs by 2030. As the owner or financial director of a small business, you may be wondering how you will ever get to the point where you’ll be able to hire more staff – staying in business is challenge enough! (Read More).

Battling to access working capital? Branch out.

Battling to access working capital? Branch out. Access to capital can be a huge stumbling block for small businesses in South Africa. This does not only apply to start-ups looking for funding to get off the ground.(Read More).

How to cut credit risk in your business

How to cut credit risk in your business When your company sells products to a customer and allows them to pay later, you are selling on credit. This benefits your customer, who gets to wait a month or more before paying your invoice. Credit sales terms vary, sometimes permitting customers 30, 60, 90 or even 120 days to pay after receiving the invoice. (Read More).

EU factoring industry continues to expand

EU factoring industry continues to expand Research shows that the European Union (EU)’s factoring market is expanding at a constant and steady pace. The EU Federation for Factoring and Commercial Finance recently released its half year turnover results for the region’s factoring sector. According to these findings, factoring turnover continued to increase in the first half of 2017 – following on from seven years of consecutive growth in this burgeoning market. (Read More).

New year’s resolutions for your small business

New year’s resolutions for your small business As 2018 begins, what are your business goals for the year ahead? If you’re planning to expand, explore new opportunities or simply keep your finances healthier than they were last year, here are three top tips. (Read More).

Five SME finance tips for 2018

Five SME finance tips for 2018 Is sound cash flow management high on your organisation’s agenda for next year? Here are five top tips for keeping your business finances healthy during 2018 and beyond. (Read More).