What is Work-in-Process Financing? How Does it Work?

Work-in-process (WIP) financing is a type of funding that helps cover the supplier expenses of companies that manufacture or assemble goods. It is also known as production financing. 1. What problem does it solve? Companies that manufacture or assemble goods often have a difficult time getting financing. And when they do get financing, the solution […]

Production Financing for Manufacturing Companies

Managing cash flow is always a challenge for manufacturing company owners. Company managers always walk a fine line trying to balance income and expenses. Paying suppliers, covering overhead, running production, and building inventory all place immediate financial demands on your company. Meanwhile, your clients demand longer payment terms. These conflicting demands affect your cash flow […]

What is Supplier Financing? How Does it Work?

Supplier financing is a component of supply chain financing and plays an important role in improving the cash flow and operations of many companies. It provides companies with credit facilities to buy goods, enabling them to grow the business. This solution is used by manufacturing companies and product distributors. It helps them buy raw materials […]

How to Start and Grow a Staffing Agency

When managed correctly, temporary staffing agencies can grow quickly and be very profitable. They represent a great opportunity for the right individual (or group). However, agencies have a lot of moving parts. They need owners/managers who have expertise in many areas. 1. The basics: How does a staffing agency make money? Temporary staffing agencies lease […]

How to Run a Successful Staffing Agency

Temporary staffing businesses can be very profitable if managed correctly. However, managing a successful agency is not easy. There is a lot of competition – at least in some markets. You must know how to differentiate your agency, recruit talent, and attract clients – all while dealing with competitors that are vying for the same […]

How to Finance a Manufacturing Company

Manufacturing companies have very dynamic financing needs. However, when they need financing, managers often resort to conventional loans. While they can solve many problems, manufacturing business loans are not always the best solution. No single financial product can always be used effectively in every situation. Instead, the financing you use depends on the situation you […]

How to Find Clients for a Staffing Agency (13 Ways)

One of the skills needed to run a successful staffing agency is knowing how to find clients. The staffing market is very competitive. Many temporary employment agencies are often chasing the same contracts. To succeed, you must know where to find these opportunities – and how to get them. In this article, we discuss 13 […]

How Does Supply Chain Financing Work?

Supply chain financing is a general term used to describe a number of financial tools that can be used to improve payments between companies and their suppliers. Supply chain finance solutions can be implemented in various ways. For example, a supplier that is anticipating large orders and wants to build inventory can use “supplier financing.” […]

Supplier Financing vs. Purchase Order Financing

Supply chain financing is a set of tools that companies use to improve their cash flow and their ability to run the business. It offers tools such as reverse factoring, supplier financing, and purchase order financing. Factoring and reverse factoring are post-delivery financing tools. As such, they can help only after you have delivered your […]

Supply Chain Financing vs. Invoice Factoring

Supply chain financing is a set of financing tools that allows a company to improve its cash flow. The most common tool in the supply chain financing tool set is reverse factoring. However, there are other tools such as supplier financing and purchase order financing. Invoice factoring, on the other hand, is a trade financing […]