Article from Risk and Insurance
Interesting summary article discussing the shortage of drivers contrasted with the increased regulation by the government.
Many clients utilize our services simply because they do not have the staff to manage the invoices they send to customers. In many cases, the owners try to stay on top of these invoices and find it difficult with the other day to day demands. Partners Funding is able to handle all collection and credit procedures to alleviate potential workload for our client allowing them to focus on their business.
Accounts Receivable Management Example:
A key staff person/owner was spending 90% of their time on accounts receivable management while trying to launch a new segment of the business. Due to time constraints, the additional revenue from the new business segment outweighed the cost of Invoice Factoring. Additionally, the cost of Invoice Factoring was less than the salary attributed to the staff person managing the accounts receivables.