3 Receivable Management Solutions.
Happy Sunday! welcome back to SUNDAYS & BUSINESS, This week featuring Menashe Rosenberg from Isaac Gancfried & Associates with 3 Receivable Management Solutions.
Trade Credit protection
Accounts receivable insurance is a protection on receivables against the risk of non- payment of goods or services by your customers, domestic or international. It covers non-payment as a result of insolvency of the buyer or a simple past due scenario.
Invoice Factoring is the solution for businesses who want to free up cashflow. Companies utilize factoring to receive cash quickly on their receivables, vs waiting 30 to 120 day terms..
Reverse Factoring aka Supply Chain Finance
This program secures payment to suppliers, whilst extending your payment terms, otherwise known as BNPL. Supply Chain Finance needs no collateral, no UCC, and requires no lengthy applications.