Catamount Funding offers Houston Staffing Factoring, Service Factoring, Freight Bill Factoring

Page 1

Houston Invoice Factoring companies like Catamount Funding offer services including transportation factoring, freight factoring, oilfield factoring and staffing factoring Catamount Funding, one of the premier Factoring companies in Houston TX, offers invoice factoring services to business owners who are looking to leverage their unpaid invoices and turn the money that will be received in the future into almost immediate cash. Keeping cash flow healthy can be a particular challenge for companies looking to expand their business operation or for services or products which have a seasonal uptick in demand. In both cases, expenditure needs to increase in order to meet the higher demand, but with payment terms of several weeks or up to 3 months in the future, it can be difficult to keep the momentum going when that entails paying staff on time, purchasing new product, buying gas to keep a fleet on the road, or covering unexpected costs which had not been budgeted for such as vehicle repairs. This, coupled with the compounding factor that a busier time in the business may also be a more stressful time with limited time off, can make it more challenging to keep on top of the accounts, a business-critical task when planning for short-term commitments and long-term strategy. Invoice factoring is a simple mechanism where a company can transfer ownership of the unpaid invoice over to the factoring company in return for a small fee. Once the transaction is complete, the factoring company team are then responsible for following up with the client and making sure the payment is received when due. This lifts a burden off the company that originally invoiced the client, as the process of following up inevitably takes time, and therefore money in terms of paying a manager to do this task or in time lost which could be spent on the core business. The team of professionals at Catamount Funding have experience across a wide range of business sectors and are able to tailor a plan for each unique client. When factoring invoices, it is up to the client which invoices are factored, they do not all have to be part of the transaction. There are some ways to speed up the tracking and efficiency of paying bills, such as switching to electronic forms or payment. The team at Catamount Funding can help streamline the process, maintaining good lines of communication at all times. A representative from Catamount Funding explains: ‘Revolving Credit in the business world is just commonplace. It’s a standard practice to offer credit terms to accounts that are credit-worthy. As most small business owners will testify, offering thirty-day credit terms not only helps land new business but also puts a pinch on cash flow when the proper tools are not in place. When planning ahead, forecasting sales 1-2 quarters out helps small business owners predict how much strain


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.