Want to get paid faster? Want to manage your receivables like an absolute pro? Thanks to the revolution that is the internet, there are more tools and resources available for free (and right at your fingertips) than ever that can help take your AR management to the next level. As informative as the internet is, it can also be overwhelming. However, have no fear, as you can simply reference our cheat sheet for the best resources out there for AR management.
When I tell someone that I work for an invoice financing company, one of two things usually happens. About 30% of the time, I’ll receive a blank look because the person has never heard of invoice financing. I like these people because I can explain what we do at The Receivables Exchange and become their first impression of the industry. I can tell immediately if someone has heard of invoice financing when a slight look of distaste appears on their face followed by the question “you mean a factoring company?” I always respond with my usual “well, we’re similar to a factoring company but different in a few key ways.”
No matter how successful your small business may be, it is likely not ready for a natural disaster. In 2012 there were 33 recorded catastrophes which resulted in $14.5 million in insured losses. Unpredictable weather and dangerous conditions can hurt or even destroy any business, so it is important to protect your investment with the right business insurance: property insurance.
Uncertainty seems to be the word of the moment. Whether it is about recession and recovery, the elections, federal policies on taxes and healthcare (etc.), uncertainty seems to have caused many businesses, particularly SMBs, to remain in a holding pattern when it comes to investing in their businesses. The future of SMB business expansion and growth continues to be on the edge.
In today’s world of Big Data, SaaS, virtual products and services, data is king. Companies from the earliest stage tech start-up to the most established brick and mortar want to find ways to monetize their data. For many small and medium sized businesses monetizing data could be the key to significantly growing their business organically and without a large investment. However, few companies ever achieve this goal.