Staffing Accounts Receivable Management

Staffing Accounts Receivable Management Service for businesses and AR Assist for lenders are designed for situations where a Staffing business does not need funding, but does need the professional accounts receivable management that a company with over six decades of experience like Transfac can provide.

Accounts Receivable Management Service (for businesses)

Accounts Receivable Management Service (ARMS) is for the customer who does not need financing, but would like to use Transfac’s expertise in accounts receivable management. We will evaluate the customer’s current accounts receivable process and offer a menu of services. ARMS can include processes such as: credit assessment, invoice creation, sending invoices, lock box services, cash application or collection. Perfect for a small or growing business that does not want to add resources for operations, ARMS lets you focus on what you do well–run your business.

AR Assist (for lenders)

AR Assist is designed to help lenders with accounts receivable as collateral better manage their risk. Accounts Receivable is a different asset class and most lenders do not have the staff or the experience to manage this moving and dynamic collateral. Transfac is set up to do just that.

1You and your customer will receive:

  • Accounts Receivable Management
    • Professional light collection of invoices
    • Cash application of debtor payments to correct invoices
    • Management of debtor credit limits
  • Real time, online reporting
  • Lock box services available

2Benefits to the lender:

  • True valuation of AR collateral
  • Workout of marginal deals
  • Funding partner as needed
  • Outsource the work to manage AR the way it is supposed to be:
    • Transfac touches every invoice and does verification calls
    • Transfac looks at the credit of the client’s debtors and limits exposure based on credit ratings, experience and concentration

Pricing is based on number of invoices, average size of invoices and number of debtors to be serviced. Most lenders pass the servicing fees on to the borrower.

Please contact us to see how we can help you with one or many of your clients.
Cash flow in a business is not always the same from day to day or week to week. Many companies have sporadic cash needs at different times in their business cycle. A Line of Credit using Accounts Receivable can smooth out cash flow and allow the business to be most efficient with its financial resources.

1What is Accounts Receivable Line of Credit?

Accounts Receivable Line of Credit (AR Line) is for the customer that can manage their cash needs on a daily basis. An AR Line customer will still enjoy the benefits of outsourcing the accounts receivable management. Transfac will purchase invoices and use those invoices as a pool of collateral for a credit line to be drawn upon as needed.

Oilfield accounts receivable financing is a simple, popular method of business funding. Traditionally businesses leveraged company equity and assets to secure bank loans. This process can be cumbersome and take a long time – 30 days or more. Because of the long wait for loan approval, companies needed to find another, quicker means of funding. But how could a company circumvent standard time restraints and standard loan amounts? This is where accounts receivable factoring benefits many businesses.

2Benefits Accounts Receivable Factoring

 

  • Pass the buck – Well, not actual dollars, just the responsibility of collecting them. When you outsource your accounts receivable to another company, it frees up precious resources and allows your staff to focus on more important matters.
  • Work your capital – A lot of companies have capital, its just tied up in other resources such as inventory or invoices. Getting some free flowing capital will be far more helpful to your business than already allocated capital.
  • Quick Cash – To acquire accounts receivable factoring, you wont need an intricate business plan or years worth of tax statements. Usually businesses that get accounts receivable factoring have good customers and a good business, but banks don’t like the businesss financial ratios.

 

Contact us today and find out what we can do for your business.