The printing industry is changing, and facing unique challenges. For many small to medium-size printers, one of the most important considerations is managing cash flow. There is often a significant delay between the completion of a job and the issue of payment. In order to improve cash flow, printers can use invoice factoring to obtain vital funds while they wait for their customers to pay.
Any business with a long receivables turnover period can benefit from invoice factoring, and the service is particularly attractive for printing companies. By using invoice factoring, printers can create a regular income and help manage one of the greatest pitfalls of the industry – running out of funds during the long turnover periods. Since many small printers are sole proprietorships, the owners need their commission income to pay their daily living expenses. Invoice factoring can provide a great solution and much-needed security.
The Interface Financial Group is especially suited to invoice factoring for printers. As the only spot factoring company in the world, the Interface Financial Group’s form of invoice factoring offers flexibility and control to an industry that is filled with uncertainty. Printers can pick and choose the invoices they wish to sell. With invoice factoring, printers can be sure that they won’t miss opportunities to market and grow their businesses – even when cash is tight.
The printing industry may be tough right now, but there are still plenty of opportunities available. Invoice factoring can let printers take advantages of opportunities and grow their businesses, even under difficult circumstances.
David Munster
The Interface Financial Group