Invoice Factoring for Goverment Vendors
Assignment of Claims Act of 1986"....What does this mean for you?
What does this mean to you? Simply, the U.S Government encourages their vendors to seek accounts receivable factoring of their invoices in order to help them grow, improve cashflow, increase performance, and level the playing field.
Access Unlimited Capital Through the Creditworthiness of the U.S. Government Any government contractor, under the the Assignment of Claims Act of 1986, may assign it's rights to be paid amounts due or to become due as a result of the performance of a contract to a bank, trust company or other financing institution. Larger vendors have been doing this for years.
Invoice Factoring is when a business sells unpaid accounts receivable invoices to a specialized financial institution called a Factor. The factoring company buys the invoice from the business for an amount less than its actual face value, then later collects the full amount of the invoice from the account debtor when it finally comes due. This service is useful to a business that cannot afford to wait 30, 60, or 90 days to collect payment from customers, cash is needed immediately for growth or survival.
When a business delivers goods or services to another business, an invoice is generated stating the amount owed and the terms (number of days) in which the invoice must be paid. This invoice along with its terms becomes an accounts receivable: money owed to a business, from a business, for goods or services delivered. The terms for these invoices are usually 30, 60, or even 90 days. After the business sends out the invoice it must wait the length of the term (or longer) to collect the debt and recognize the revenue generated. Waiting for these long billing cycles to close can be difficult for a company that is growing fast or just struggling to survive.
Rather than waiting for long billing cycles to close, a business has the option to sell some or all of its outstanding invoices to a Factor (for a discount) and receive funding within 24 hours or less. The Factor will eventually collect the full amount of the invoice from the account debtor.
Afra AmirSanjari is the Principal for Peacock Capital. Peacock Capital specializes in solving the cash flow challenges of Small/Medium Businesses, Government Vendors and Individuals with innovative financial solutions by providing a network for securing operating capital.
http://www.peacockcapital.com; info@peacockcapital.com
 Google News Updated : Mon, 13 Oct 2008 05:51:32 GMT Manatee dies before reaching Florida - South Coast Today
South Coast Today - By AARON GOUVEIA and KC MYERS EAST DENNIS - After a dramatic rescue Saturday morning, a wayward manatee known affectionately as Dennis died Sunday with just one hour before he reached SeaWorld in Florida. Manatee almost gave them the slip Cape Cod Manatee Dies on Way Back to Florida Publ.Date : Mon, 13 Oct 2008 05:14:57 GMT Alaska ethics probe says Palin abused her power - Reuters
Reuters - By Caren Bohan CHILLICOTHE, Ohio (Reuters) - An Alaska ethics inquiry found on Friday that Gov. Sarah Palin, the US Republican vice presidential candidate, abused her authority by pressuring subordinates to fire a state trooper involved in a feud with ... Palin: Bad Guys vs. Good Guys Palin talks economic worries in Appalachian Ohio Publ.Date : Mon, 13 Oct 2008 05:10:53 GMT Jennifer Lopez, Marc Anthony renew vows along with Carlos Beltran ... - New York Daily News
New York Daily News - BY DAVE GOLDINER Just four years after saying "I do," Jennifer Lopez and Marc Anthony reportedly secretly renewed their vows in Las Vegas Sunday - and they had company at the altar. Inside Jennifer Lopez & Marc Anthony's Renewal Ceremony J.Lo’s vows not staying in Vegas Publ.Date : Mon, 13 Oct 2008 04:39:55 GMT Television Review | 'My Own Worst Enemy' - New York Times
New York Times - By ALESSANDRA STANLEY Most people sometimes wake up on the wrong side of bed. The hero of “My Own Worst Enemy” on NBC wakes up on the wrong side of his brain. 'Worst Enemy' Just Isn't Bourne-Again Bond Spy-vs.-normal-guy premise of 'Worst Enemy' doesn't work Publ.Date : Mon, 13 Oct 2008 04:54:37 GMT Worth the trouble - Boston Herald Boston Herald - By Dan Duggan As Red Sox [team stats] fans shook out the cobwebs yesterday morning after yet another marathon postseason game, it would have been easy to forget some of the positive developments from the Sox’ 9-8, 11-inning loss to Tampa Bay in Game 2 ... Video: Tampa Bay Wins Slugfest on Sacrifice Fly Rays win respect, too Publ.Date : Mon, 13 Oct 2008 05:12:18 GMT UPDATE 1-Tropical Storm Nana forms in Atlantic - Reuters
Reuters - MIAMI, Oct 12 (Reuters) - Tropical Storm Nana, the 14th of the Atlantic hurricane season, formed on Sunday in the Atlantic Ocean east of the Caribbean islands, the US National Hurricane Center said. Tropical Storm Nana forms in Atlantic Tropical Storm Nana Forms Over Eastern Atlantic Publ.Date : Sun, 12 Oct 2008 21:29:57 GMT Doubling of Vitamin D for Children Is Urged - New York Times
New York Times - By AP CHICAGO (AP) - The country’s leading group of pediatricians is recommending that children receive double the usually suggested amount of vitamin D because of evidence that it might help prevent serious diseases. Pediatricians double vitamin D recommendations Pediatricians double vitamin D recommendations Publ.Date : Mon, 13 Oct 2008 02:45:16 GMT Web Site Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... Nearly all leaders I've encountered are underachievers. They're getting a... Read More It is becoming more common for employers to require employees... Read More The following question is usually debated a lot amongst IT... Read More Why do some new managers succeed while others fail? It... Read More In 1987 I sold my business, South Mountain Company, to... Read More In his book, The Effective Executive, Peter Drucker pointed out... Read More Every business must strive to provide quality products and services... Read More Current Situation:As of this writing, the MCI Board of Governors... Read More You have been named a new leader in your organization,... Read More In today's competitive world shorter product life cycles, customers rapid... Read More A study a couple of years ago found that 63%... Read More As Albert Einstein said:-"The significant problems we face today, cannot... Read More One of the hardest things I had discovered running my... Read More There's a programme currently running on BBC Television in the... Read More There's a great little article ('Business Lifeforms') on... Read More Hurting your sales efforts can be accomplished easily with the... Read More I believe that whether corporations expense their stock options is... Read More Creativity can be defined as problem identification and idea generation... Read More Creativity can be defined as problem identification and idea generation... Read More The company decided to develop and implement an improvement program.... Read More Growing companies must always be ready for the next challenge.... Read More A series of articles exploring the seven critical areas that... Read More It is when the going gets better, that the going... Read More A series of articles exploring the seven critical areas that... Read More Many business owners are sabotaging their business without even realizing... Read More
Adsense
websites
The Leadership Imperative: Making Your Leadership Your Life
Motor Vehicle Policy and Your Employee Risks
Which ITIL Process Should We Implement First?
Employee Orientation: The 90 Day Difference
Sharing the Reins: 10 Reasons To Sell Your Company To Your Employees
What Every Manager Should Know About How to Become An Effective Executive
How to Enhance Quality in Your Business
Dj Vu MCI to Qwest International Inc: Can this Corporate Marriage Survive?
Credibility - A Golden Key to Becoming More Influential
Importance of Just-In-Time Inventory System
Technology & Communication
Solve Problems Permanently - Ask WHY
Drafting an Employee Manual Sample Outline
Motivation - You Get What You Reward
How to Get the Best from Outsourcing
How To Decrease Profits Without Really Trying
Treat Employees Fairly, Car Wash Entrepreneur sets Industry Standards
Creative and Innovative Culture, Change Management ? Three Easy Tests
Innovation Management ? Selecting Good Ideas
Improvements In A Large Public Electric Utility In South America
7 Tips for Growing Your Business You Do Not Want to Ignore: Business Strategies To Easily Implement
The Seven Cs: Partnership Danger Signs - Competitive, Not Complementary Action
Dividing The Loot
The Seven Cs: Partnership Danger Signs - Conflict Becoming the Norm ? Part 2
Are You At The Mercy Of Computer Geeks?
Affordable and Reliable Web Hosting Starting at $4.49/Month
The 20/60/20 Rule Of Leadership. Dont Go Solving The Wrong Problems
Several decades ago, a passenger jet approached a Florida airport... Read More
Don?t Get Down ? Manage Up!
"Experience is not what happens to a man; it is... Read More
Goodwill is an Intangible Asset
'Goodwill' is regarded as an intangible asset in a business.... Read More
Joint Accountability: Another Key for Your Effectiveness
I once was part of a group of management professors... Read More
How To Manage A Difficult Employee
Having to manage a difficult employee is never fun and... Read More
Take This Into Consideration Before You Write Your Mission Statement
What principles should a company keep in mind when developing... Read More
Running Successful Meetings - The Key Steps To Getting It Right
We all complain about meetings which are a waste of... Read More
Top Ten Tips About People Management
To get the best results you have to be very... Read More
How To Decrease Downtime and Increase Productivity
All maintenance activities of the workforce must be documented, this... Read More
ISO 9001 What Records Does My Business Need To Keep?
Which documents must I keep for ISO 9001?In addition to... Read More
Computer Consulting 101 Hiring Tips (Part 1 of 2)
Does your business need the services of a computer consulting... Read More
Motivating For Higher Performance
Employee motivation is probably the most important single manageable factor... Read More
I Cant Use This Approach Unless My Boss Does - Power, Accountability, and Consequences
People who work with us often struggle with this dilemma:... Read More
Take Control of Your Paper in 3 Easy Steps
Do you have piles of paper on your desk. Many... Read More
Five Ways to Turn Resistance into Opportunity
Resistance. It isn't something people cherish or enjoy encountering. We... Read More
Quick Tip - Effective Meetings Have SMART Goals
The first step in planning an agenda is to identify... Read More
How To Turn Business Losses Into Cash Flow
When the typical new business operator starts a business, they... Read More
Change Management
"It is not the strongest species that survives, nor the... Read More
Four Corners of a Triangle: Why Organizations Succeed or Fail
When we want to hire people for a corporation or... Read More
Top Ten Tips for Outstanding Customer Service
Remember the 80:20 rule? You may not get everything perfectly... Read More
Communication: Managements Responsibility
I've just watched, again, an episode in the Back to... Read More
Make the Most of Your Time - Focus on Strengths
Once working and focused in tune with what they do... Read More
Coaching Champions at Work
I saw Brian Kerr (the Irish national football coach) on... Read More
Tales from the Corporate Frontlines: Employee Ideas Achieve Work Life Balance
This article relates to the Work/Life Balance competency, which investigates... Read More
What to Do When Trust is Low
Trust is essential. You can't run a business without it.... Read More
Business Management |