Invoices are strongly tied to small and medium-sized enterprises (SMEs) cash flow. These documents are sent to customers; they outline details of the transactions including the amount owed and the payment terms. It also represents the amount of inventory or effort leaving the SMEs’ books. A large number of outstanding …
B2B vs B2C vs D2C: How Business Models Differ and Why It Matters for Your SME
Business is an ancient practice that began in the earliest civilizations. Back then, the top commodities produced metalwork and meat. Compared to modern-day business, a lot has changed, from the goods sold in the market to how it’s marketed. The business industry has evolved because sellers can capture opportunities with …
A Guide to Choosing the Best Billing Software
Without a doubt, the most crucial aspect of your business is asking for and receiving payment. Companies must bill their clients on time to maintain a healthy cash flow. However, billing might not be the most exciting thing to do. Manual billing and invoice processing can consume much of your …
Two Essential Elements to Optimize Your Financial Plan
It’s time to get ahead of the curve! If you’ve been here before, you’re probably aware that financial literacy is vital to any working adult. So it’s time to put your theory to the test and take some measures to optimize your financial plan. Here are the two essential …
The Ultimate Guide to Invoice Financing in Malaysia
SMEs contribute an estimated 40% to the Malaysian GDP. Despite this achievement many Malaysian SMEs are struggling with cash flow issues and are now looking into a different kind of credit facility, invoice financing. Before we get into the specifics, let’s discuss what is Invoice Financing in a wholesome way …
Invoice Financing F.A.Q’s
Small businesses often resort to invoice financing when they generate an invoice for their client but cannot afford to wait for the payment to be made. To ease this cash flow burden, small businesses will engage a third party, to pay them an advance on the invoice and then collect …
How Does Invoice Financing Work: The Complete Guide | Funding Societies MY
User Guide for Invoice Financing Invoice financing refers to asset-based lending that allows small businesses to finance slow-paying invoices or accounts-receivables. This method of financing is ideal for businesses in need of consistent cash flow, such as supply chain businesses and SMEs. Steps to Invoice Financing 1. Invoice your client: When …
Deal Cash Crunch with Invoice Financing
A pertinent business problem for all businesses is the shortage of funds. Invoice financing has emerged as an excellent way of converting receivables from customers into immediate cash. It is gaining tremendous popularity in Malaysia. Many eminent banks and financial institutions like OCBC Bank, CapitalBay, and CIMB provide the services …