Blog: Invoice Factoring Category

Invoice Factoring | Accutrac Capital Factoring Company

5 Tips to Accounts Receivable Management for Trucking

Accutrac Capital 0 Comments

Accounts Receivable Management is a critical task that needs to be performed regularly and professionally in order to fully manage your trucking companys cash flow. The speed with which your company converts its invoices into cash can have a tremendous impact on the overall health and profitability of your trucking business.

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4 Tips on How to Collect Your Accounts Receivables

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Collecting on invoices can be hard, don't you agree? You know that collecting on your freight bills is essential to the growth and success of your trucking business. Too much revenue sitting in your accounts receivables can seriously damage your business's cash flow. That is why we show you our top 4 secrets to our accounts receivable collection process. Quickly and easily collect on your outstanding freight bills with these top tips.

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Infographic: How to Calculate Your Trucking Cost Per Mile

Alma Bailey 0 Comments

Are you driving your trucking company towards success? If you do not know the cost of each mile your trucks drive, you can sterer your trucking company out of business.

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How to Calculate Cost-per-Mile for Your Trucking Business

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If you do not know the cost of each mile your trucks drive, you can run your trucking company out of business before you even know it. Knowing what your operational costs are on a per-mile basis allows you to manage expenses more efficiently and determine an appropriate per-mile rate to charge shippers. For trucking companies, this form of cost control provides the essential information needed to be profitable.

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How to Calculate Days Sales Outstanding

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Calculating Days Sales Outstanding (DSO) also known as accounts receivable turnover is vital in determining the financial health of your company. It is a measure of how fast your customers pay your invoices. Learn how to calculate your DSO with our How to Calcuate DSO infographic.

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Utilizing Freight Factoring to Stay Competitive in 2018

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Rising freight rates juxtaposed with increasing industry challenges will stimulate a survival of the fittest environment throughout 2018. Trucking companies that employ financial strategies, such as Freight Factoring, will be able to invest in resources and support to meet these challenges.

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Act with Caution when Buying New or Used Equipment

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Following years of monetary restraint, many trucking companies are now better positioned to update working equipment. But consider carefully before taking on long term debt. Freight Factoring supports growth without the restrictive covenants and monthly obligations a bank imposes on lenders.

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Will the IoT Save Trucking Companies Money in the Long Term?

Accutrac Capital 0 Comments

Fleet companies will want to be a lot more proactive with the IoT rather than reactive for one simple reason: taking advantage of it will save them money, especially in the long term.

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Embracing Technology to Survive and Prosper

Accutrac Capital 0 Comments

The key to survive and prosper for today's trucking companies is to embrace modern technology and stay current by continually upgrading. Ensuring your company has the working capital to support this activity is a critical necessity. Freight bill factoring has become a mainstream financial strategy for a growing number of trucking companies to meet this need.

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Trucking is Essential to Affordable Health Care

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Health care logistics is an important niche segment in the trucking industry that requires specialized facilities, equipment and personnel. Even though the demand for qualified transportation in this sector is high, it is an exceptionally controlled service that proves difficult for trucking companies to sustain profitable operations. To help manage the fiscal obligations needed to support operations, many trucking companies are utilizing the cash flow benefits of Freight Factoring to ensure steady and reliable access to operating funds.

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Recruit and Retain Truck Drivers with Freight Factoring

Accutrac Capital 0 Comments

Most trucking companies have had a huge challenge to remain profitable during the difficult era following the financial crisis of 2009. With market trends now turning in favor of trucking companies, they are in a stronger position to sustain profitability and support stable employment conditions. To combat the ever present driver shortage, freight carriers need financial stability to recruit and retain professional drivers. Freight Factoring provides the financial stability of uninterrupted cash flow.

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Protecting the North American Way of Life

Accutrac Capital 0 Comments

An invoice factoring company for trucking is a prime example of a dedicated service provider with a mandate to strengthen trucking companies. Despite being a critical service, trucking is an industry exposed to tremendous challenges that threatens its very existence. A growing driver shortage, emerging government regulations and restricted funding options are just a few of the issues that impede the vitality of commercial trucking.

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