{"id":1332,"date":"2020-06-01T12:00:00","date_gmt":"2020-06-01T12:00:00","guid":{"rendered":"https:\/\/accord.galambos-dev.com\/?p=1332"},"modified":"2020-11-15T18:34:27","modified_gmt":"2020-11-15T23:34:27","slug":"accessing-cash-flow-during-the-covid-19-crisis-a-factoring-approach","status":"publish","type":"post","link":"https:\/\/accordfinancial.com\/staging\/accessing-cash-flow-during-the-covid-19-crisis-a-factoring-approach\/","title":{"rendered":"Accessing Cash Flow During the Covid-19 Crisis: A Factoring Approach"},"content":{"rendered":"\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Need quick cash flow? Consider Factoring<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Small to medium scale businesses, as well as large scale organizations, need to explore effective options to generate and free up cash flow in tough times. One such option is factoring invoices, also known as\u00a0<a href=\"https:\/\/accordfinancial.com\/staging\/services\/accounts-receivable-financing\/\">accounts receivable factoring<\/a>.<\/p>\n\n\n\n<p>Factoring involves selling your business\u2019 accounts receivable (sales made to customers on credit) to a third party (a factor) at a discount. The factor usually provides 70%\u201390% of factored invoice value to a business in the form of cash. The balance\u2014less factoring fees\u2014is then provided to the business after the customer has paid in full within the invoice terms.<\/p>\n\n\n\n<p>An accounts receivable factoring process could be with recourse or without recourse. With a recourse factoring, the credit risk\u2014when a customer does not pay due invoices\u2014stays with the business. On the other hand, a non-recourse factoring transfers the credit risk to the factoring company.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">How Factoring helps your business<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Exploring the factoring process helps your business promote positive cashflow which in turn, supports your business needs for survival and profitability. Factoring services free up cash for your business to take advantage of growth and expansion opportunities, fund inventory, and settle other current financial liabilities.<\/p>\n\n\n\n<p>Even the best planned cash flow scenarios fall short in extreme economic disruptions, factoring is one of the ways to quickly access cash flow in uncertain times such as the current coronavirus crisis.<\/p>\n\n\n\n<p>Factoring also helps your business:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>retain customers on favorable credit terms,<\/li><li>focus on more business growth oriented and profitability driven tasks,<\/li><li>outsource customer and credit management,<\/li><li>access\u00a0alternative financing\u00a0and loan without expensive and heavy capital collateral.<\/li><\/ul>\n\n\n\n<p>Factoring services come with a fee; however, the underlying value add to your business cannot be ignored.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Why your business needs Accord<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The accounts receivable factoring process with Accord Financial is seamless, straightforward and effective for your business needs. We provide up to 90% of the face value of your credit invoices in immediate cash. The balance is provided to you when the customer pays, less a fee for our services.<\/p>\n\n\n\n<p>Accord Financial offers your business the accessibility to readily available cash through invoice factoring. This affords your business the flexibility and effectiveness in managing working capital. The\u00a0<a href=\"https:\/\/accordfinancial.com\/staging\/services\/accounts-receivable-financing\/\">Accounts Receivable Financing<\/a>\u00a0and\u00a0<a href=\"https:\/\/accordfinancial.com\/staging\/services\/accounts-receivable-management\/\">Management<\/a>\u00a0teams at Accord Financial offer professional and expertise services to help manage your credit risk and free up cash flow.<\/p>\n\n\n\n<p>Your business does not have to suffer bankruptcy or risk being out of business, it can survive and thrive through any downturn, pandemic or crises with the help of professionals at Accord.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The survival of a business is highly dependent on sufficient cash flow for operations, capital expenditures&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3623,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"location":[],"class_list":["post-1332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>06\/01\/2020 | Accessing Cash Flow During the Covid-19 Crisis: A Factoring Approach | Accord Financial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accordfinancial.com\/staging\/accessing-cash-flow-during-the-covid-19-crisis-a-factoring-approach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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