Accounts Receivable Funding allows a client immediate access to working capital, instead of having to wait 30, 60, 90 or even 120 days for its customers to pay their invoices. By choosing a financially sound factor through ICA International Capital Alliance, clients will be able to enjoy all of the benefits of Accounts Receivable Funding, including:

Unlimited Capital - Unlike other types of financing, factoring focuses on a client's sales, not assets. As sales increase, more working capital becomes available to the client to meet the demand for its products.

Early Payment Discounts - Factoring can provide a client the funds necessary to pay off suppliers early and receive discounts. For example, a client may be able to save 2 percent on its raw materials costs when the bill is paid within 10 days.

Volume Discounts - With more working capital available, a client can buy in larger quantities and save money through supplier volume discounts.

No More Early Payment Discounts for Customers - Since clients receive funds immediately from factoring, they can stop offering customers early payment discounts that cost the clients money.

Improved Equity - When clients use a factor, they don't have to look for new business partners or give up their equity, which is often the case in venture capital.

No Debt - Because factoring is not a loan, no debt is incurred. Clients' balance sheets will improve, making it easier for them to obtain other types of financing.

Better Credit - Factoring allows clients to pay their employees, taxes and bills on time. By establishing a good credit rating, clients may be able to obtain better terms from suppliers and qualify for loans.

Quick and Easy Funding - The factoring application process takes less time and effort than other forms of financing. That's because no tax returns, personal financial statements, business plans or projections are required. Plus, initial funding only takes between 5-10 business days once the contracts have been received.

The Ability to Leverage Customers' Credit - In factoring, funding decisions are based on the creditworthiness of the clients' customers. That means clients don't have to be in business for years or have perfect credit to receive funds.

Early Payment from Customers - Many factoring clients have discovered that their customers pay factored invoices faster than non-factored invoices.

The Opportunity to Focus on Company Growth - Factoring frees up time spent in collections, administration and bookkeeping, so that a client can focus on increasing sales and expanding the company.

No Geographical Limits - A factor can work with a client from anywhere in the world, and that client can have customers globally.

An Early-Warning System for Customer Service Problems - Because factors verify invoices with customers, they can tell clients if there is a customer service problem right away. A non-factoring client may not notice the problem until the invoice becomes past due. By that time, it may be too late to save the account.

Access to Financial Reports - Factors provide clients with detailed financial reports that help them track customers' invoices and payment history.

Accounting Services - In addition to providing funds, a factor can function as a client's receivables department. By doing so, the client will save time and money, and keep full financial and managerial control over the company.

For more information on how our Factoring program works, please CONTACT an ICA professional.