Archive for July, 2018

Why Factoring Invoices Come Up With the Essential Options

How do you ensure the payment of your debts? Factoring is an answer to this problem.

What is factoring? Definition:

By passing through a third party, the risk of non-payment of your bills is controlled. This intermediary is called the factor. He will cash for you the regulations of your customers to then pay you the sums collected.This financial institution allows you to make the receipts more reliable and will be responsible for collecting the receivables.This is for you a real guarantee for the good health of your cash since each invoice issued is certain to be honored immediately.This financial gain is also a productivity gain because you are totally free to run behind customer settlements. The factoring invoices are there now for this.

Time to spend on tasks with greater added value

Nevertheless, this service has a cost that must be weighed against the service performed. It is also possible to use a less comprehensive service in the form of credit insurance to cover the insolvency risks of its client portfolio.

Credit insurance, factor … we talk about it on the internet

Is it really profitable?

Extract: “Factoring seduces more and more companies that want to relieve their cash  … Modern method of managing the receivables, it is also a rather complex financial solution.All that you always wanted to know without ever daring to ask. “… How to choose the provider company…

A solution for the financing of the BFR

Following an article about the new economist, the author reviews the types of contracts: from classic factoring to reverse factoring.

The blog of Cash & Credit Management

The essential to know

This article recalls some points to know: services covered (financing of receivables, recovery of debts …), the most common errors of appreciation.

Some practical tips as a bonus

The blog of Cash & Credit Management

A complete file on the technique

Contents of this file: Benefits and practices? How much does it cost ? What is the holdback? What does the factor do and how are the risks distributed? What is credit insurance?

Settle your cash worries

Managed factoring differs from conventional factoring in that in these techniques the firm does not benefit from short-term financing from the factor. Only the management of the receivables is transmitted. Managed factoring is used for companies that only want to entrust the management of their trade receivables to professional structures for performance needs and management cost savings.

With unmanaged factoring, the management and collection of the customer receivable is retained by the company. It only looks for funding from the factor. However, a subrogative notification must be made to the client indicating that the claim has been assigned to a factoring company. Unmanaged factoring is useful for companies that want to maintain a direct relationship with their customers but need cash at some point.

Assured Options for the Best Freight Load Options

Transport is very often an essential vector of customer relations.It is also, in general, a very important cost center (30 to 60% of logistics costs). It can be seen that the optimization of the transport function is becoming more and more delicate in the current flow organizations, the reasons being as follows:

Transportation and distribution patterns are extremely sensitive to just-in-time manufacturing and delivery policies, with ever-lower inventories for manufacturers and distributors. In the freight trucking load boards websites you will find more.

The market has high demands on time and punctuality which are increasing permanently, in the face of reduced surface area and scheduling needs at the receiving sites,

Social regulations (working hours, driving times, …) and roads have become a real headache for optimizing transport.

The optimization of the transport costs and the quality of service offered pass for the companies by a periodic questioning of the technical and organizational choices:

  • optimization of the logistics configuration,
  • coherent management of the flows and capacities of the distribution network,
  • relevant selection of logistics providers in all modes
  • administrative management to respond effectively to needs, (acceleration and fluidity of administrative operations to avoid waiting times)
  • consolidation and detailed analysis of transport budgets.

Significant challenges

The various interventions made it possible to obtain significant cost reductions, of the order of 10% to 20% of the transport budget.

Main areas of improvement

There are three main areas of action that contribute to the improvement of the transport function:

  • Optimization of the logistics network and flows:
  • Streamlining and massification of flows,
  • The search for synergy, both upstream and downstream,
  • Reducing the number of load breaks in the supply chain,

The introduction of triangular trips, balanced return trips

The systematization of the procedures of transport purchases in order to:

 

 

  • keep abreast of developments in the logistics service sector,
  • well integrate the specificities of local markets
  • target and buy the “fairer” benefit, which is not to say the least expensive
  • Constantly optimize the panel of service providers.

The implementation of IT transport tools, both in terms of design (Network Design) and operational management (TMS and embedded computing) that can generate substantial gains, both:

  • On administrative tasks: exchange of information with partners who speed up physical processing, reduction of time spent in control and validation of invoices, better management of disputes,
  • On the quality of the operational follow-up: classification of carriers, actual delivery times, causes of customer disputes,
  • On the control of the customer service (vehicle tracking and tracing operations).
  • For the tools of Network design which makes it possible to optimize a transport plan one will refer to the page optimization

A transport plan concerns shippers as well as transport and logistics companies: it is a matter of developing and then optimizing a general plan for the transport of goods. Constraint programming tools make this type of study possible. It involves modeling all the components of a logistics network: sourcing position, deposits, flows, resources, structural constraints and capabilities. The tool proposes different possible scenarios and optimizes costs and deadlines

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