To Small Van Courier providing deliveries in Ireland.
To Small fashion importer and exporter
The administrative side of your business has many different moving parts to it. Each part has to find a way to work in concert with the others or you will experience inefficiencies in your operations. An inefficient operating business costs more money to run, but gets much less done. In other words, if you do not have your business operating as it should, then you are wasting financial resources to deliver questionable products and services. When maximum efficiency is achieved, then you will be able to deliver products and services that your customers will appreciate and that will put you in a position to be a leader in your industry.
The administrative parts of your business include your management team, your human resources department and your accounting group. Within each of these administrative parts there are several elements that work together to create your company’s operations. A proactive business owner spends a great deal of time examining how each element of his business operates and determining what he needs to do to get more efficiency out of each segment. In the end, a business that runs on maximum efficiency is also a business that operates at its highest possible level of profitability. It is the strength of your company’s ability to execute its basic functions that makes it successful and financially buoyant.
Business finance is a term that encompasses every economic element of your business. It includes payroll, invoicing, budgeting, purchasing and accounts receivable. In order to maximize your company’s efficiency, you need to look deep into each of these functions and make certain that you have the best possible methods, policies and systems in place. Many business owners look to outside professionals to help maximize administrative effectiveness, and that is often seen as a very good investment. But there are some financial organisations that provide administrative services which generate profit and pay for themselves over time.
1st Commercial Credit is a financial services company that specialises in creating maximum efficiency in your business finance operations. We accomplish this by removing several of the inefficient parts of business finance and replacing them with common sense approaches to funding your business operations. The most notable inefficiency that is removed is bank borrowing, and we replace that with an efficient invoice discounting plan. Once you see a real factor in action and experience factoring services first hand, you will immediately understand why successful companies all over the UK are tapping into this administrative resource and benefitting from the stability they offer.
Your company’s sales ledgers tell the story of your success. To get the whole story, you have to read both the sales ledgers and the aging reports. The sales ledger will outline the success your company has had at turning prospects into paying customers. You can follow your company’s revenue from the very beginning of the organisation, to the present day. It shows the faith that your customers have in your company’s products and services and it shows just how much your clients rely on your company as well. A sales ledger that shows a gradual, but steady, increase in sales is one that vindicates all of the personal sacrifice you have made to bring success to your organisation.
Your aging report tends to tell a very different side of the story. When you analyse your aging report, you can see which customers pay their bills on time and which ones make you wait to get the cash that you have earned. You would like to be able to use the invoice due dates on your aging reports to schedule all of the important and ongoing payments that your company has to make, but the past due invoices make that impossible. If you could remove the past due status from your invoices, then you would be able to generate a cash position that allows you to be responsible to your vendors and prepared to finance the future. Invoice discounting is a process that allows you to eliminate past due invoices and reap the rewards of a reliable flow of money. Your bank accounts will be filled with cash on hand and your company can begin to plan for its future success.
1st Commercial Credit is a factor with substantial financial resources and flexible funding programs that will fit your company’s very specific needs. We do not believe in getting involved in a company’s business until we understand the challenges that the company faces. That is why we have spent many years getting to know the industries that we work in and developing a comprehensive understanding of the obstacles that stand in the way of success. It is extremely important that your factor has experience in dealing with your ongoing challenges. Without this kind of first-hand experience, we would not be able to utilise our resources properly. We take our jobs very seriously and we work very hard to maintain your success.
When you get involved in an invoice discounting program with 1st Commercial Credit, you can cut out many of those administrative challenges that banks offer. A factoring arrangement will prevent the recurring late fees and charges that accompany bank borrowing. When you utilise invoice factoring, you will not be hit with the hidden fees that can make doing business with a bank so very expensive. We have financial experts that will work closely with your company to maximize the full potential of our flexible factoring programs. We understand that we cannot be successful unless you are successful, and that is why we spend so much time getting familiar with your business and understanding your challenges.
Each day, you face the pressure of trying to make sure that all of the administrative elements of your business are working in perfect harmony. The best way to insure efficiency is to find ways of getting the job done that reduce costs and increase profits. Invoice discounting through 1st Commercial Credit is a financial service that can replace several of the inefficient processes in the way that you currently do business. Instead of waiting on past due invoices to be paid, your financing plan will make sure that your cash is deposited into your account on or before the invoice due dates. Instead of searching for a bank to lend you cash to make payroll, you can simply utilise the cash you have on hand thanks to the work done by your factoring account through 1st Commercial Credit.
As your company grows, your invoice discounting programme will grow right along with it. Your sales ledger will show a spike in revenue thanks to increased invoiced sales, and your aging report will keep right up with the financial boost. You will have the resources you need to maintain growth and then plan your next big step. Instead of dealing with the inefficiencies built into your current way of doing business, you need to contact 1st Commercial Credit and get an invoice discounting programme put into place. It is a financial resource that will change your company’s outlook on the future and bring you the success you deserve.