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.