Factoring your slow paying receivables with Keystone can open up new opportunities to grow your business:
1. Target larger/slower paying customers knowing that you’ll receive a factoring advance from Keystone as soon as the invoice is generated. Have you ever turned down or avoided a new sales opportunity because of a prospect’s slow payment terms? If the answer is yes, you can’t afford not to factor!
2. Charge your clients more for your services or product if they opt for 30 or 60 day terms. Because you’ll receive immediate cash from Keystone, you can give your clients the option of paying later instead of COD. This is a great way to increase sales.
3. If your suppliers offer early payment discounts such as 2/10, net 30, use cash from the factoring advance to lock in the 2% discount and lower your expenses.
4. Be proactive and ask existing customers for more business. Use the factoring advance to order more supplies and meet payroll as your company grows. With improved cash flow, you’ll never have to say no to a customer again.
Did you know that these strategies can also lead to increased profits? Click here to learn more and view a sample “before and after factoring” income statement.