E-Conomy Finance Group publishes articles focusing on a different aspects of trucking industry.  Issue 5: “ Benefits of Factoring

“Benefits of Factoring”

 

Factoring is a complete solution that gives access to immediate cash; it is widely accepted method of financing in trucking industry. E-Conomy Finance Group converts your long outstanding invoices to cash.  You can use these proceeds to carry on your daily operations and to grow your business.

 

Cash Flow Benefit.  Our goal is to supply you with working capital at lowest possible factoring cost.

 

Focus on Growth.  Your trucking company can use capital provided by E-Conomy Finance Group  to invest in expansion and growth of your business.

 

Reduce Credit Failures. We give you an access to our database to learn brokers’ credibility and their payment patterns, thus reducing your credit risk.

 

Account Receivable Management.  You can monitor collection process of your outstanding invoices by using our software that contains updated record of collection calls and responses.  These calls provide early identification of documentation, delivery or any other payment issues.  

 

Factoring is your expence.  Your goal is to minimize expences and to maximize the profit.  Although you might already have factoring arrangements, you may not be aware that there are  many different forms of factoring available.  Factoring companies extensively differ in their products, structure and cost. It is critical for success of your business to work with a factoring company that will suit your specific needs.  We offer to examine your business model and current factoring deal in order to provide you with lower rates that would maximize your profit.  For those trucking companies that have no factoring arrangements  in place but struggling with cash, we recommend  to contact us for confidential informative meeting.  We will be able to find a solution for your business model.  Trucking business is our specialty.

 

 You may also qualify for our Low Interest Line of Credit to help finance your day-to-day operating cost and grow your business.