Houston, TX -- (SBWire) -- 07/20/2022 --Catamount Funding, one of the premier Factoring companies in Houston TX, offers invoice factoring services to offer a solution to having to wait for invoices to become due and be paid. This offers a solution to the time lag from delivering a service or product to receiving payment for it. If during that time, expenses are due and there is not enough cash available, the situation can become stressful and difficult to manage, prioritizing payments and deferring some may not be a viable option. A spokesperson from Catamount Funding explains: "Revolving Credit in the business world is just commonplace. It's a standard practice to offer credit terms to accounts that are credit-worthy. As most small business owners will testify, offering thirty-day credit terms not only helps land new business but it also puts a pinch on cash flow when the proper tools are not in place. When planning ahead, forecasting sales 1-2 quarters out helps small business owner predict how much strain will be placed on the operating account. As Accounts Receivables grow from an increase in sales, there will be a positive correlation in demand for cash flow. Before things get out of hand, it may be a good idea to arrange a factoring program for your business to facilitate cash flow when those receivables increase. While factoring accounts receivables is a great short-term solution to meeting cash flow needs when sales increase, effectively managing your open invoices in a logical and efficient manner is critical." For some transactions, it is not uncommon to see the grace period extend beyond 30 days, sometimes up to 90 days in advance. If this has been the working model over time, it could jeopardize the working relationship to try to reduce the time before the invoice becomes due.
One of the tasks which becomes an overhead when invoices are outstanding is following up on the payment, checking in with the client to make sure the terms are fully understood, and then counting down the days and waiting to cross-check the invoice is paid on time. This either takes valuable time away from the business owner, or they have to pay to employ someone on staff to take the actions. Once an invoice has been factored with a factoring company, it becomes the responsibility of the factoring company staff to do the follow-ups. This allows the business owner to focus once again on their core business, or to stop paying someone else to do that. The team at Catamount Funding are specialists at following up with clients in a professional way, which builds a stronger client relationship. It may be that simplifying operations and switching to automated payment methods speeds up the transaction, and reduces confusion with questions over if a check is in the mail delivery system.
Whilst the mechanism of factoring is a very simple one, plans can be tailored for each unique business. This means that there may be seasonal trends or special circumstances to be taken into consideration. In these cases, the Catamount Funding team can leverage its experience across many business sectors.
Testimonials can be found on the Catamount Funding homepage, a featured review reads "Catamount has always been there for us and has been very instrumental in helping us succeed." -Victor G.
Typical factoring company sectors include landscaping, welding, technology, mechanical contractors, plumbing, pipe fitting, oilfield factoring services, including factoring for oilfield contractors, medical staffing factoring, temporary staffing factoring, construction factoring, and all types of suppliers.
Headquartered in Houston, Texas, Catamount Funding has service regions across the US, including the Rocky Mountain Region, the West Coast Region, and the Midwest Region, as well as the Gulf Coast Region. In addition to factoring services, they offer consulting services, accounting, bookkeeping, and equipment financing. Open communication and productive teamwork are central to the collaborations, creating unique and tailored solutions for each individual client.
Catamount Funding, one of the Houston invoice factoring companies offering freight bill factoring services, respects that time is often a critical factor in success and processes finance approval decisions within 48 hours. Their team of experts offers business invoice factoring services to relieve the cash flow bottleneck. The application process is simple and can be accessed via their website. Applications are welcomed from start-up companies as financing decisions are made primarily on the financial condition of the account debtors. Financial pressure need not stop a business from operating or growing, factoring accounts can deliver the working capital funds necessary to free up cash flow.
About Catamount Funding Inc
Catamount Funding, Inc. is one of the premier Gulf Coast Factoring and Houston factoring companies, a financial services provider specializing in accounts receivables, construction factoring, invoice factoring, and Houston accounts receivable factoring, suited to small or medium-sized business owners.
A particular specialty is Houston freight factoring, otherwise known as freight bill factoring, or transportation factoring. Accounts Receivable Management is included with Catamount's Invoice Factoring Services.
They hold an A+ rating with the Better Business Bureau. For more information on Texas Factoring services like purchase order financing, construction factoring, energy factoring, and business receivable factoring, please visit: http://www.catamountfunding.com/
Contact Details:
Catamount Funding, Inc. - Houston invoice factoring services
Corporate Headquarters, 11777 Katy Fwy. Houston, TX 77079
Phone: 877-647-8577
Email: info@catamountfunding.com
