Pyx Financial Group is offering invoice factoring services to its clients for a solution to their cash crunch problems. It purchases accounts receivable from them for immediate cash, which could help them keep pace with their sales growth. Reports suggest small businesses get the most from this financial solution.
The most important benefit is the clients’ opportunity to get the cash within 48 hours or even less. Compare this with the duration of nearly 90 days that a traditional lender, such as a bank would take. By definition, this is not a loan but rather a much better alternative. It is, in fact, the best way to stabilize the working capital by factoring the accounts receivables.
Pyx Financial helps its clients takes their business from cash crunch position to that of liquidity in an overnight through this service. There are as well several other inherent benefits. The most apparent gain would be the improved cash flow. This is facilitated by releasing up to 80 per cent of funds against the value of outstanding invoices in first payment, while they get the remaining 20 per cent when their customers pay.
Next, the funds would grow with the sales figures. Invoice factoring services would also eliminate the headaches of meeting payrolls, tax deadlines and other scheduled payments. Business owners would also know the exact time they would be paid.
Pyx Financial also provide the service of one of its well-trained staffs to work with its clients. These experienced staffs in accounts receivables factoring is beneficial in more than one ways. First, they would work according to the requirement of the business of their clients. Second, they would handle the communication, working as a part of the clients’ accounting department.
Cash flow can make or mar a business. For the owners, financial services are available that help improve it. Experts recommend invoice factoring is the ultimate solution for small businesses.