10 Things You Need To Know About Invoice Factoring

Successful invoice factoring is based on a simple process, yet it delivers considerable benefits. Small and medium-sized business owners and managers factor their sales invoices so they can focus on growth, on looking after their customers well, and on keeping their working capital at desired levels. These benefits all flow from one simple process. These 10 things will give you a good introduction to the invoice factoring process, benefits, and obvious requirements.

1) The Factoring Process

Factoring is based on a business selling its future sales revenue, at a small discount, in exchange for immediate payment.

2) The Basic Requirements

You must operate a business with commercial or government customers, your customers must have good credit, your profit margins should be above a minimum percentage, and your own senior staff must pass a simple background check.

3) No Sales Invoice Encumbrances

Your invoices must be available. Invoices already pledged to another institution, such as your bank, which may have encumbered all assets as part of an overdraft facility provision, will not be available for factoring.

4) Factoring’s Primary Benefit

Invoice factoring improves your business’s cash flow, because it enables invoices to be paid quickly. Your customers may, typically, pay in 30, 60 or 90 days. Factoring will put cash in your bank account, so customer payment lead times cease to be your responsibility.

5) Factoring is Easier Than Getting a Loan

Arranging a business loan can be time-consuming, may require stringent credit history qualifications, and may establish certain limiting conditions on your business operation. You may also have to wait until a recent audit is completed in order to satisfy lender credit-worthiness requirements. Factoring is quick to arrange and much easier to put in place. You are not applying for a loan, you are selling your unpaid sales invoices for a cash amount.

6) Factoring is Cheaper Than Getting a Loan

Factoring does not require you to pay an up-front processing fee, high interest rates or late fees for non-payment, and there is no fine or additional payment charge in the small print to trip you up.

7) Factoring Is Flexible Not Time-Bound

You are not required to sign a long-term factoring agreement, to make a fixed commitment or to make long-term decisions that may require a crystal ball.

8) Factoring Is Flexible Not Figure-Specific

You can increase or decrease the number of invoices you factor out. Your working capital needs may vary. You can, therefore, vary which invoices from which customers you hold onto until your customer pays you direct, and which you factor. This feature not only makes factoring responsive to your needs, but it avoids you having to renegotiate a credit limit or business loan with a traditional lender to cover unexpected demands on your working capital.

9) Factoring Can Be Fail Safe

You may choose whether to have a recourse or a non-recourse factoring invoice agreement. If you take a non-recourse agreement, any invoice that one of your customers fails to pay is not returned to you, so you are not responsible for that bad debt.

10) Factoring Lets You Focus on Your Business

You are in business to make money. You do that by adding to your customer base, by selling more products and services to that growing customer base, and by minimizing costs. A traditional loan carries certain financial responsibilities which you must manage. With a traditional ‘customer-pays-you-direct’ way of doing business you have to chase late-paying or non-paying customers. You may also have to prepare another package to discuss with your bank’s loan officer. Factoring invoices takes all of those time-consuming activities off your desk, and it leaves you free to focus on your marketing, selling and production activities.

About Internet Privacy and Why Security Is Important

About Internet Privacy and Why Security Is Important
Internet Privacy is extremely important because in this time of age many depends on internet to get things done. For example, most people would rather do their banking and shopping online instead of going out and doing it. Most of their personal internet information is put in there like their credit card account and their social security numbers. The likeliness of identity theft is bound to occur.

Many people have been victims of identity theft in the past and so as the present. That is why it is crucial that internet privacy and the importance of security online is taken into consideration. Nowadays there are ways to protect your identity and to avoid being hacked on.

There are many hackers out there who are really good at what they do when invading someone’s information online. Especially those who uses twitter and facebook are more prone to this kind of injustice. There are many reported crimes regarding their information that is put in facebook as well as twitter. They would taint someone’s reputation by changing their profile or posting negative things.

According PRNewswire.com many are more concern with privacy than security. Many customers are concern if their personal information that they give out to banks are being handled properly. It makes them feel more secure knowing that they are taking safety precautions when dealing with their personal data. Security is not their major issue, but more about the safety of their privacy.

The fact that many have issues or had problems in the past when it comes to identity theft. It is detrimental to their financial reputation when somebody does something like that. It ruins their credit score as well as their credit history. That is why many are concern about how their personal data are being handled. It does ruin your chances of getting a loan in the future and it takes awhile for everything to be resolved.

That is why most banks or loan companies give out statements that their privacy are being protected and how they handle their personal information. This helps to reassure their customers that they can be trusted on protecting their privacy in the best way they know how.

Disruptive Technology in Today’s Businesses

Disruptive Technology in Today’s Businesses
When you are in the workplace today, you need to make sure that you are avoiding the kinds of disruptive technology that get in the way of a good day’s work. You need to remember that technology is very helpful, but you must also remember that it is very hard to avoid being distracted. You can avoid these three major things in the workplace with just a little bit of common sense.


The distracting part of any cell phone or tablet is all the notifications that you get when you are in a meeting or working. You want to make sure that you have found a way to check these notifications without being completely thrown off your game. You can get a lock screen that shows notifications, and you do not even need to pick up your phone to scroll through them. When there is something important going on, you can pick up your phone.

The Vibrate Option

The vibrate option on your phone is going to disrupt everything that goes on in the room, and you are going to make it even louder if you have set the phone on a table. You must remember that you are going to interrupt people unless you have turned your phone to silent. This is one of the biggest crimes committed by people who carry their phones around for business.

There are many ways for you to make the most of your technology, but you must also make sure that you are doing your best to keep it from being disruptive. You will be able to get a great bit of work done, and you need to be sure that you are going to have a way to get work done. You will be able to bring along the phone without it getting in the way.

8 Things To Demystify the Internet

 Using the Internet

Whether chatting with a friend, sending mail or purchasing a product, it almost feels like there’s a single wire that connects you to what you want.

 What Is a Network?

When two sources share, it’s called a network. At any moment, billions of people are connected to a billion other things at the same time.

 What Is a Protocol?

How does this sharing all take place? It all works if billions of people all agree to play by the same rules. Another name for these rules that allow people to exchange information is Internet protocols. As we all keep agreeing to play by the same rules, we can keep adding more and more devices that connect and share information. Thus, billions upon billions of networks are created. The Internet is a “network of networks” that can share each other.

 How Is Information Shared?

Every device that’s sharing information on the Internet has its unique address. The only thing is the information sent doesn’t travel in one big lump. Rather, it’s broken up into tiny bits of data that each include what the information is, where it came from, and where it’s being sent.

 How Is Information Received?

Information sent can arrive by an infinite amount of routes. The receiving device, following an established protocol, knows how to reassemble the information. The mystery and amazing way that the Internet is constructed, means there are so many possible connections that there can be no single point where information being sent or received can fail. Brilliant indeed!

 What’s an Internet Provider?

An Internet provider is an organization that provides its customers with the service of using, accessing or participating on the Internet. There may be many providers, but they all agree to connect and exchange information. This agreement invariably speeds up the process for everyone’s benefit. The Internet works because it’s open, neutral, and totally decentralized.

 What is Frontier Internet?

Frontier Internet is a provider that can connect you to a universe of information.