Month: November 2016

Get To Know Recourse And Non Recourse Factoring Options

Posted on November 25, 2016  in Blog

Non-Recourse Factoring is one of the best invoice financial solutions, as it enhances cash flow by providing cash against your customer’s invoices within a day of approval.

You must try to choose professional factoring companies that have good experience in freight and transportation factoring. You can consider Easy Freight Factoring Company for your factoring requirement that provides competitive solutions for freight factoring so that you can assure working capital that supports your business growth. You can type as EZ Freight in the search box to visit their official website.

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You can find the advantages and disadvantages of non-recourse factoring explained below.

In addition to offering funding and credit management, non-recourse factoring type also includes protection from bad debt, protects your cash flow against bad debt and late payment, whether because of protracted default or debtor insolvency. Based on the cash flow requirements for your business, non-recourse factoring option supports to increase funding level and services provided.

Non-recourse factoring enhances cash flow by releasing maximum 90% of your invoice value. It prevents you from the risk of non-payment of your customers through insolvency, and also extended default. Non-Recourse Factoring decreases possibilities of late payment since the factoring firm will credit check your new, as well as existing customers, and thus will allow you to decide the suitable the customers to trade with. You can discuss with credit control expertise support you to decrease in-house costs, providing you resource and time to focus on your core business.

You will get huge benefits in non-recourse type, and it is essential to pick the factoring company that gives the right service as per your business requirement at the right cost. You have plenty of factoring companies to choose, and choosing a factoring company is a complex job. Sometimes, your customers couldn’t make invoice payment for several reasons including invoice disputes, rather than invoice sent by your factor you may send the invoices, etc. Factor assumes more risk in non-recourse factoring type, and it is not much flexible when compared to the recourse type.

You can even determine whether recourse option is suitable for your business. In this type, there will be recourse period, before which your customers must settle invoice payments. In recourse type, you have the responsibility if your customer fails to pay the invoices within the recourse time. Since you bear the additional risk, the cost of recourse option is lesser than non-recourse factoring.

The trucking companies prefer non-recourse factoring option in recent years since it offers financial security when the customers are not paying the invoices. You are not eligible to pick non-recourse option when the load amount is not paid due to any dispute or claim.


Month: November 2016

Packing List For European Countries

Posted on November 10, 2016  in Blog

Every time when you travel a country, you learn new things and tricks so that you can make it more comfortable and enjoyable. When you pack your luggage for a foreign country, you must take the required clothing, accessories, electronic devices depending on the number of days you visit the country. You must never pack a large number of shoes and dresses, etc. since they take most of your baggage space.

This article focused on guiding you the essential items you must remember when packing to European countries.

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You can pack multipurpose shirts that can do more than one trick when you pack for an international destination. You don’t pack more than three pairs of shoes. You are not making any fashion statement so just 2-3 shoes are enough.

You must select a palette. Every dress item you packed in the bag must coordinate with one another. So that it fulfills multi-purpose concept. You never pack an item that only goes very well with only one dress item since this will waste your bag space.

You must choose your airport outfit well in advance. You can wear the heavyweight items when you travel in airline since this will reduce your bag space and you can wear a bulky coat, shoes etc. You must book a hotel with laundry facility and it is the important tip to reduce packing. Most hotels have laundry options nowadays so you can very well use this facility and use a dress item combined with other items.

Before packing, you must check the weather condition of the destination country and this will help your packing easy. You must pack according to hot or cool climatic conditions in the destination country. Don’t pack the outfits that make you more heat and uncomfortable to move around in their summer climate and vice versa. It is good to know about the country well before visiting them.

Always you must ensure to keep some empty space in your bag since you will purchase some new things to your home. If you have a thorough plan of packing then you will find it easier to do it otherwise packing is a stressful job.

There are some people who list down the items they need to pack. Even this is a good option to follow and thus you can prevent unwanted stress in packing. No matter what type of weather prevails in the destination country, you don’t forget to bring a sweater and bath suit with you. Always bringing basic things are very useful at one time or another. Hope the above packing information is very useful for your Europe packing.