A huge receivables account affects a business’s cash flow and hinders its ability to pay its own bills on time.
Seasonal slowdown in sales makes it difficult to maintain adequate working capital during the off-season.
Inefficient or ineffective business processes can lead to unnecessary expenses or waste, which can impact a business's working capital.
If a business does not have access to sufficient funding sources, it may struggle to maintain adequate working capital.
With financing for owed payments, businesses can access the working capital they need to meet their obligations and take advantage of new opportunities.
Payables financing can provide a win-win situation for both you and your suppliers, helping you to maintain a healthy cash flow and build stronger partnerships in the process.
KRONOS is a revolutionary online factoring platform for suppliers to take control of their cash flow, on their own terms. Bid farewell to uncertainties and stresses of delayed payments - now you can have a predictable cash flow to tap on business opportunities and fuel your operations.
Discover how to leverage economic indicators for business success in 2024. Expert insights on financing, market trends, and strategy planning.