3 Ways To Free Up Cash and Grow Your Business

From Megan Totka at Small Business Trends:

“Nearly every business that exists shares a common goal: to make more money and find financial success. You have to constantly focus on cash flow management, profitability and increase the value of your business if you want to prosper. Invoice factoring companies let you turn current, unpaid invoices, into cash without adding new debt. Free up your cash to help you meet payroll, add new products and services to your offerings and extend the geographical reach of your business. Factoring companies allow you to transform your business cash flow and will give you the access to the funds you need without worrying about invoices staying open as long as 120 days. Instead of sitting and waiting for payment, you can proceed with new work, pay employees, or buy needed supplies. Check the online Factoring Directory to help you find the best factoring that aligns with your business needs.”

SMEs need to take steps on improving cash flow management to free up the needs for working capital. Besides getting early settlements on payment and improving marketing, modern invoice financing is a great tool supporting SMEs to have steady cash flow for the operation. Supported by current fintech era, P2P lending in Invoice Financing is changing the way people invest and how SMEs are getting loan. In Singapore, the biggest lending platform Capital Match is providing efficient and reliable source of alternative funding for SMEs. Continue reading

A Blockchain-Based Solution to Liquidity Needs

From Max Bronstein at Nasdaq:

“In a world where growth moves faster than payments, many small businesses struggle to pay off their urgent capital expenditures. Companies of all sizes have short-term costs that are integral to their operations: Office rent, short-term investments and employee salaries are all generally paid on a weekly or monthly basis, while accounts receivables can remain unpaid for 90 to 120 days. Blockchains are great for tokenizing financial assets and enforcing complex changes in ownership. Given the vast number of intermediaries necessary to manually assess the risk of each invoice, factoring can be made much more efficient and equitable by decentralizing the verification and payment functions.”

The cutting technology is driving the current market of P2P lending as well as Invoice Factoring. In Asia’s Fintech hub Singapore, market players are investing in these technology development to help SME’s financing in a more innovative and efficient way. Thanks to the support and investment from government, it is foreseeable that in the near future the technology will change the way of banking.  Continue reading