Monthly Archives: May 2018

The Smart Factoring that is Very Much Required Now

Factoring receivables or financing a debtor is when a company buys a debt or an invoice from another company. In fact, factoring transfers ownership of the accounts to the other party, which then follows the debt?

A few words about the situation for today

Readiness In fact, you are here at the conference, probably because, in part, that you want to develop. We must be ready to take new heights. Imagine, you are being contacted by a large trading network with a proposal to make a large order, and you need to find working capital in order to fulfill this order. Factoring here, like no other tool, allows you to quickly receive financing in the required amounts, as well as increase the amount of financing, together with the growth of shipments.

The Sources

Sources of financing of shortage of circulating assets Factoring is a source of financing, on an equal basis with other sources, of course you can use it, if there is such a possibility a commodity loan from the supplier, you can use your own resources, but if these sources are not enough, pay attention to such a tool as factoring. The term factoring has different interpretations, each implies something of its own, but if you want to sell distressed debts, current debts, or simply get financing secured by this debt, then different organizations can be useful to you.

Bad Debts

If we talk about bad debts, collector agencies are engaged in this, if it is necessary to sell the debt, there are factoring companies for this purpose, which are affiliated with many trade networks and with banks. If to speak about financing under maintenance of a debt receivable, it certainly banks which provide factoring. Accordingly, the price of the issue is very different. Consider the classical scheme of a factoring operation. With the factoring invoices this complication can be solved.

The main participants of the classical factoring operation are the seller and the buyer, the factoring contract is concluded between them and after the delivery, the seller brings documents that confirm the shipment to the financing organization and receive financing. The buyer, when the payment term comes, is calculated with the supplier, but at the expense of the Factor. The scheme of factoring with regress Differences from the classical scheme lie in the details.

For the Buyers

The buyer pays not to factoring companies and not to the bank, he pays to the seller’s account, sometimes transfers money simply to a normal checking account. And often it happens that the buyer does not even understand that they work with him on factoring and finance the supply, because for the buyer in fact nothing changes, he, as paid to the seller’s account, and continues to do so. Debt acts only as a security for the given financing, because for the bank the main counterparty is the supplier, with the debtor, in general, the bank does not contact.

Freight transport – All Things You Should Know

The road freight liberalization measures led to an increase in the number of bankruptcies of road transport companies (following the multiplication of operating authorizations itself following the definitive abolition of the quota system). The truck load boards tariff war caused by the abrogation of compulsory road pricing, replaced by a reference tariff), prompting public authorities to adopt new provisions.

This text aims to put a brake on under-pricing and violations of transport regulations, objectives reaffirmed through certain provisions of the law. State action also concerns relations between partners in the transport chain, as evidenced by the text of the law on unfair terms and the presentation of contracts.

With the advent of the single market, the Community dimension of road transport policy is asserting itself: the aim is to organize the liberalization of transport and to define common social and fiscal standards.

Community social legislation is mainly concerned with the harmonization of driving times and the means used to control them; the creation of the carrier certificate is also intended to prevent the employment of drivers from third countries on unfavorable terms. But harmonization remains limited, and disparities remain, particularly in terms of traffic restrictions and working conditions.

Following the report, which highlights the strengths and weaknesses of road haulage companies and the challenges posed by the enlargement of the country in this area, the Minister of Transport announces the setting up of preparatory work for the launch of an action plan for the competitiveness and employment of the sector.

Faced with the risk of saturation of road infrastructures and the increasing importance of environmental concerns, public authorities have been promoting intermodality in transport.

The combined transport, which is the transport over long distances and in the same container freight using several integrated modes of transport, is the easiest way to ensure the transfer from road to other modes of transport. Among the various possible combinations, combined rail-road transport is therefore particularly encouraged.

Non-urban public transport

Non-urban public transport – or bus transport is subject to the Community rules on access to the profession of carrier and the exercise of passenger transportation activities.

They are divided between services relating to a commercial activity subject to authorization from the State services; and activities of public service ( “Public regular services”, “services on demand”, “public occasional services”) organized by a local authority.

Concerning the latter, the responsibilities are:

  • The departments organize all non-urban public transport on their territory (especially school transport),
  • Regions pilot regional networks,
  • The communes and their groupings can, on delegation of the departments, organize school transport and lines serving their own territory.

Since then, relations between the organizing authority and the transport company have been clarified by the law on the prevention of corruption and the transparency of economic life and public procedures; and the association of organizing authorities authorized by the law of solidarity and urban development.

The adoption of multimodal schemes for collective transport services, which favor the organization of alternative modes of transport for the use of individual motor vehicles, constitutes a new encouragement to the development of non-urban public transport.
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How factoring can benefit for our business

Are you wandering what is factoring? Factoring is the regular recurring purchase of receivables from deliveries of goods and services for immediate payment of the purchase price. In practice this means: In factoring, a company sells its outstanding receivables to a factoring company (factor). For this, the company is immediately credited an amount that amounts to about 80 to 90 percent of the respective external balance. In addition, the factoring company usually assumes the default risk as well as the entire debtor management, from dunning to debt collection.

The factoring contract

In the factoring agreement, the factoring customer (customer) undertakes the factor to offer all – in the future – receivables arising from delivery and service for purchase (obligation to supply). The factoring agreement with a basic term of 1-2 years basically includes the purchase of all arising receivables.

Changes in accounts receivable accounting

Invoices are to be numbered consecutively and submitted to the factor in agreed cycles. The term of payment may not exceed 90 days. The payee in factoring is no longer the factoring customer but the factoring company. The debtor can only pay to the factor with debt-discharging effect. This change is indicated to the customer by a note on the customer’s invoice. The customers are also informed in advance by the customer about the cooperation with the factor.

In addition, the factor will take over all accounts receivable and receivables management, including dunning, extrajudicial and judicial recovery. Incoming claims are processed by the factoring customer in coordination with the factor. As far as credits are to be issued, these are also booked by the factor.

Assumption of credit risk

The factor assumes the default risk in full by purchasing the receivable. Approximately 80 to 90 percent of the invoice amount purchased less the factoring fees are transferred to the factoring customer when the invoice is submitted.

The company receives a detailed statement of the settlement items as a daily statement. About 10 to 20 percent of the purchased invoice amount will be retained (blocked account) and credited to the factoring customer when paying by the customer – at the latest, however, after 150 days. This also applies if the customer does not pay.

The factor constantly checks the creditworthiness of the debtors during the cooperation. The factoring customer applies for a credit limit amounting to the maximum expected receivables from its debtors. After a positive check, each customer is granted a credit limit within which the factor is obliged to purchase the factoring customer’s receivables.

If necessary, the credit limit will be adjusted to the credit development. If a credit limit is rejected, the company will be informed immediately.

Have The Best Business Analyst In Your Team

Every organization goal is to achieve success and acquire the popularity as soon as possible, and only for this they develop and market their product or service. All the organization love to have employees who are smart enough and intelligent to handle their business activities. There are various business departments, categories, work activities available in an organizations, and the employees belonging to the departments vary in all sort of categories like education, work ability, work availability, time required to work, etc.

The responsibility for hiring all these human resources will be with the human resource department who mainly look for the employees or candidates they are good enough and fit to the business model and who are capable enough to cope with the business chores. One such important employee they might struggle to look for is business analyst, as most of the business goals can only be achieved via an effective business analyst. They are the key factors who are responsible for successful product or service disposal, i.e. they will be there right from the analysis to delivering the product to the end customer.

Hire the best business analyst

And now the ideas to hire a good business analyst are shared for your welfare. While looking for the candidates for this post you may look for the analytical, logical and cognitive skills in them, because analytical and cognitive thinking will help you have the best product outcome as they have the capability to think all the positives and negatives at one go. So now filtering the candidates might seem to be difficult, but do not worry you have Pierson requirements group who are well versed in providing business analyst courses, and they provide business analysis training to students and even the employees in your organization.

There are various types of business analyst courses available with them which help you to select those candidates who well fit into your requirement. Right from requirement analysis, use case diagrams to functional specifications and end to end testing, the candidates are well trained. If you select any one among them, you can definitely have the good business analyst for your organization and have the error free product in hand. Thus you will end in having the employee that suit your business goal and this will help you reach the profit goal you set while starting your business.


When You Require Skilled Signage

Does your company regularly visit international visitors? Then it is wise to apply the skilled signage Singapore in several languages. The best way is to do this in English, in addition to the other references. If the signage is turned off in three or four different languages, it becomes too long and too large signs. Another useful solution is to support the text by means of icons. The sign for a toilet or canteen is perfectly understandable for all nationalities.

Benefits of metal recycling

Some well known for scrap metal recycling companies act not only in demolition materials, but also in devices that contain metal. A metal trader in Den Bosch indicates that they also buy old computers, because metal is often used in the motherboard and the hard drive.

Sometimes strict environmental requirements are associated with the recycling of appliances. Returning air conditioning and refrigerators, for example, is often not possible because hazardous substances are often processed in these appliances.

Those who occasionally trade a batch of metal do not have to pay any tax on this income. But if you go to the metal dealer so often that you start to look like an entrepreneur, you have to start paying taxes.

Not every scrap dealer purchases metals from private individuals. Some work with a minimum weight for less expensive metals like iron. Therefore it is advisable to first call the metal dealer in the neighborhood before you pick up the car. Metals must also be handed in ‘clean’, i.e. without glass, plastic or other non-metals.

Benefits to find well known Singapore funeral director

Choosing a location for the funeral is important but at the same time it is confusing. You can choose a church or a funeral home. A church is usually chosen when the deceased person himself had a relationship with the church. In the other cases, a funeral home is usually chosen. You can also choose a municipality where the deceased person has a bond with. Sometimes a different location is chosen, such as a backyard, but this is not often the case. In this case a well known Singapore funeral director can advise you the right choice.

Choose the right music

Music at a funeral is seen as a moment when people can think about the deceased person. A funeral director chooses music that suits the person. This does not always have to be music with sad lyrics. Some people only listen to a certain genre or just love entire festive music. Choose music that everyone will think: ‘yes, this fits’. This way you get a personal and good way to say goodbye to the person you loved so much. If you really cannot find good music, then you can be inspired by the funeral music for example. This is a list that is compiled every year.

Lending money from a individual person

Sometimes you have to step into shit to avoid it in the future. It is this word that can be used to describe the situation when we lend money to friends, relatives, and then solve the puzzle as to make the debt repay.

How to take a debt from a debtor without a receipt?

In this situation, debt repayment is difficult and the probability of an unsuccessful outcome for the lender is high. But the law all the same creates conditions for the debtor to repay the debt. The main thing is the availability of evidentiary documents, which must be certified in a notary’s office, regardless of the content:

  • information from social networks;
  • notes on paper;
  • transfer through electronic payment system;
  • recording a meeting on the transfer of money from a CCTV camera;
  • blackmail

An example from life of a best money lender Singapore is how to repay a debt without a receipt, applying the latter: a good acquaintance asked to borrow 120,000 for two weeks and returned it on time. So it happened three times in a row with the receipt. For the fourth time the creditor gave 30 thousand rubles in a loan without a receipt, how to return the question did not set: the amount is small, and the person has already been verified. But the debtor began to delay the return, made promises, not fulfilling them and avoiding meetings. After a year, the creditor accidentally finds an old receipt for 120 thousand rubles and decides what to do to return the debt: he offers the borrower to return 30 thousand, or he will file a receipt in court for 120 thousand as unfulfilled. The question of how to return the debt without a receipt and witnesses was resolved, but the friendship was over.

To be the best licensed money lender in Singapore you must follow these tips on how to make the debtor’s debt repay.

Tip 1- Do not blame yourself. You ask for your hard-earned money and solve a personal problem: how to get back the debt.

Tip 2- Organize the meeting; talk with the defaulter directly and confidently, without hints.

Tip 3- If you want to mitigate the situation how to ask for repayment of the debt, strengthen the importance of returning the problems that have arisen in your life.

Tip 4- If you are low interest moneylender in Singapore then do not write for the debtor reasons. It is better to learn about them directly and make it easier for yourself how to get the debt repaid.

Tip 5- Use the “new impact” rule. Each time you contact a debtor, add a new moment: a document, circumstance, information on how to get the debt repaid.

The debtor should not be able to adapt to your actions. Find the “golden mean” how to get a person to repay a debt: remind, but do not pass.

Smart Deals for the Effective Business Credit Now

The business plan is an internal and external communication document that illustrates and summarizes the business idea,ie the characteristics and the object of the business idea, its strengths and possible market risks. This is a constantly evolving document, as the conditions of the company described can change at any time and it is fundamental to modify it accordingly, also to analyze the results obtained and adapt the strategies. Now that Interstate Capital offers business line of credit you will be benefitted the most in this matter.

What is a business plan for? Generally it has three specific and very important objectives for a brand:

A goal of internal communication, since the business plan defines the business idea and the strategic guidelines to follow in order to achieve success and bring turnover, ie summarizes the company planning and management activities;

The objective of verifying the company’s performance with regularity and constant frequency:

An objective of external communication it is, since it is a necessary tool to present the business project or the company to third parties and to research and obtain financing.

And it is precisely on this aspect that I want to concentrate on this post. Is your company or your Start-Up looking for funding to support and implement its activities? The business plan is a fundamental document to present and tell about your brand, its characteristics, its added values, its potential, and thus offer you the opportunity to access important and valuable investment funds. How to write, therefore, an effective business plan? I suggest it in this mini-guide!

  • The business plan is the document that examines the lenders to decide to which companies allow access to subsidized public loans, as well as to bank credit. This is why it is very important to write it down effectively. The three weapons on which to bet?
  • Punctuality,
  • simplicity,

Your business plan must be drawn up with precision and meticulousness, without neglecting any detail but at the same time without abounding with superfluous information, must speak an easily understandable language and must be well organized, so as to facilitate the reading and understanding of what you have to be communicated.


Hire the Right Factoring Company for Your Business

If you are facing difficulties to make your business grow because of bad credit, then you should get rid of it as soon as possible. Bad credits are like slow poison for any business. Many business owners opt for loans and other loan facilities to maintain a cash flow for their business. The high-interest rates of the loans also chock the cash flow in the business. As a result, most of the small business owners can’t cope up with the increasing labour charges and other expenses and they are forced to shut down their business. Don’t let your business ruin because of sluggish paying consumers. You can easily get rid of bad credit by hiring a good quality factoring company. There are multiple benefits of hiring a factoring company, like:

Instant Cash Flow: Factoring companies are also known as the invoice financing companies. All you have to do is provide them your invoice and they will provide you instant cash and you have no need to go through all the complicated paperwork.

Credit Tracking:  You can easily track your credit with the help of factoring companies. The factoring company executives will collect the money from your clients so that you can focus more on producing good quality goods and services for your clients.

Customer Support: Most of the factoring companies offer consumer support for the convenience of the clients. All you have to do is give them a call, and they will provide you all the important details related to your credit.

Lower Interest Rates: If you are thinking about taking a loan from the commercial banks, then you should be aware of the difference between the interest rates of the banks and factoring companies. If you are seeking a loan for the bad credits, then choosing the factoring company will be the smart choice compared to the commercial bank loans.

Because of the above-mentioned points, factoring companies have become the best option to get rid of bad credit. If you are facing troubles to make your business a profitable one, then you may opt for the factoring companies. Factoring companies will help you to maintain a cash flow and they will also collect the credits from your clients so that you never fall short of cash flow.