2013년 11월 22일 금요일

Gil Jesus 's blog ::5 steps to a healthier Accounts Receivables







Gil Jesus 's blog ::5 steps to a healthier Accounts Receivables








Accounts               receivable               financing               is               becoming               more               and               more               popular               as               an               alternative               financing               and               working               capital               solution               for               Canadian               business               owners               and               financial               managers.

What               is               it?

At               its               most               basic               it               is               a               true               form               of               an               asset               financing               arrangement.

Your               company               uses               its               receivables               as               collateral               in               a               financing               arrangement.

The               financing               can               be               on               one               receivable,               all               your               receivables,               and,               more               commonly,               some               or               all               of               your               receivables               on               an               ongoing               basis.
               The               industry               tends               to               refer               to               the               term               'factoring'               as               the               day               to               day               description               of               accounts               receivable               financing.
               Factoring               or               receivable               financing               allows               Canadian               business               owners               to               receive               immediately,               on               billing,               cash               for               the               receivable.

A               portion               of               the               invoice               is               always               held               back,               representing               a               traditional               'holdback               'plus               some               of               the               lenders               financing               fee.

We               would               point               out               that               the               holdback               is               always               paid               back               to               your               firm               as               soon               as               your               customer               pays               the               invoice
               The               company               receives               an               amount               that               is               equal               to               a               reduced               value               of               the               receivables               pledged.

The               age               of               the               receivables               have               a               large               effect               on               the               amount               a               company               will               receive.

The               older               the               receivables,               the               less               the               company               can               expect               -               Generally               speaking,               invoices               over               90               days               can               not               be               sold               -               therefore               no               cash               flow               will               result               on               those               items.
               Factoring,               or               accounts               receivable               financing               helps               companies               unlock               capital               that               is               invested               in               accounts               receivables.

Accounts               receivable               financing               on               some               occasions               transfer               the               default               risk               associated               with               the               accounts               receivables               to               the               financing               company;               this               type               of               facility               is               set               up               as               a               non-recourse               facility,               meaning               the               lender               or               finance               firm               that               is               doing               your               factoring               in               fact               accepts               the               credit               risk               associated               with               the               ultimate               collection               of               your               accounts               receivable               .

How               does               the               lender               do               that               -               quite               frankly               the               receivable               portfolio               originated               on               your               customers               in               effect               is               'insured               'by               the               lender.

We               will               let               you               guess               who               pays               for               that               and               if               it               is               included               in               your               cost               of               financing.

Yes,               you               are               right,               you               pay.

Typically               the               cost               of               such               insurance               as               at               least               a               per               cent               age               or               two               to               your               cost               of               financing.
               The               Canadian               market               place               is               dominated               by               a               variety               of               firms               that               will               factor               your               accounts               receivable.

These               firms               are               either               divisions               or               subsidiaries               of               large               U.S               or               other               foreign               countries,               or               they               are               smaller               Canadian               owned,               operated               and               funded               firms.

Typically               the               latter               type               of               firm,               the               Canadian               single               entity               has               a               difficulty               in               accessing               all               the               funding               it               typically               might               need               for               a               large               number               of               transactions.

The               factoring               business               requires               a               significant               amount               of               capital.
               When               a               Canadian               business               originates               an               account               receivable               financing               it               is               prudent               for               the               company               to               ensure               they               understand               the               over               all               profile,               reputation,               and               capabilities               of               the               firm               that               will               be               financing               your               accounts               receivable.

Unless               the               business               owner               negotiates               a               very               special               type               of               facility               the               accounts               receivable               financing               firm               generally               has               a               good               amount               of               customer               contact               with               your               customer               base;               they               will               want               to               validate               your               invoices,               confirm               customer               acceptance               of               your               invoice               and               products               and               services,               and               in               most               cases               follow               up               directly               with               your               customer               for               payment.
               In               summary,               Canadian               firms               can               increase               cash               flow               by               the               use               of               the               alternative               financing               method               known               as               'accounts               receivable               financing               ',               commonly               called               factoring.

Cash               is               secured               for               your               receivables               soon               that               your               customer               actually               paying               for               it               -               As               we               have               pointed               out               that               comes               at               a               cost               in               both               financing               cost               as               well               as               some               level               of               customer               intrusion.

Canadian               business               owners               should               dutifully               look               into               who               they               are               dealing               with,               their               capabilities               and               procedures,               and               possibly               utilize               the               services               of               a               trusted               and               credible               expert               in               the               area               to               determine               their               best               receivable               partner.






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