Staffing
Receive working capital fast
Technology Industry
Need cash fast for payroll and new hardware supplies? Use factoring with CFR.
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FACTORING FOR TECHNOLOGY INDUSTRY
The technology industry is always rapidly changing and can be a competitive industry. Not having steady cash flow to run your business or accept new growth opportunities can create a challenge for your business to succeed, especially for a small company. Factoring for IT companies takes unpaid invoices and turns them into cash, fast.
How can companies in the Technology Industry benefit by working with a factoring company like CFR?
- Receive working capital fast
- Confidently fund employee payroll and supplies, such as hardware, with reliable, consistent cash flow.
- Dedicated professional whom you know and who know your business
- Choose to factor as many of your eligible invoices as needed to cover expenses
- Ready access to guidance and consulting
- Offload office support like credit approval, contract review and risk assessment
- Accept new opportunities by having the capital to grow
For over a decade, Cash Flow Resources (“CFR”) has been providing factoring solutions for technology companies. We understand the issues of needing working capital fast to pay employees and buy supplies without waiting 30,60 or 90 days to get paid you’re your customers. Whether you are a start-up or an established growing company, CFR is dedicated to providing a customized solution to help your technology business succeed and grow.
CASE STUDY FOR TECHNOLOGY COMPANY
Challenge: An IT company, specializing in network design and insulation as well as security and staff augmentation, was growing fast into new markets. It did not have the operational cash to sustain the company growth and felt constrained to take on new projects without additional working capital.
Solution: By factoring its invoices through CFR, the company was able to shorten its window to receive cash from 25-60 days from its customers to immediately with CFR. It no longer has to wait for slower customer payments to receive working capital. Also, the company can factor as much and as little as needed, depending on its cash needs.
Results: By receiving cash quicker, the company is able to pay additional employees and buy new hardware to supports its growth. The company values the one-on-one interaction and ease of use with CFR.
“….CFR provides us personal attention, staff to staff one-on-one interaction, and ease of use. CFR has always been there for us when we need them.
David St. Etienne / Ultimate Technical Solutions, Inc.
WHY FACTOR WITH CFR?
Understanding
Customized Financial Solutions
Fast Approval
Responsive to Specific Needs
Flexibility
Funding for Newly Formed Companies
Fast Funding for Growing Companies
Funding Companies with Poor Credit
Support
Access to Senior Management
Informed Support Staff
Trused Business Consultant
Bottom Line
Build Business Credit Profile
Sustainable Long Term Cash Flow Solution
Focused on Your Success
Bank Credit Lines
Possible
No
Depends
No
No
No
No
Possible
Depends
Yes
Yes
Depends
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Online Lenders Merchant Cash Advance
Possible
Yes
No
No
Yes
Depends
No
Depends
No
No
No
No