Having full control of your files at any time is important to relieve your daily duties and increase your efficiency. Achieve any goal with DocHub tools for document management and convenient PDF file editing. Access, adjust and save and incorporate your workflows with other safe cloud storage services.
DocHub gives you lossless editing, the chance to use any format, and securely eSign documents without the need of searching for a third-party eSignature option. Maximum benefit of your file management solutions in one place. Consider all DocHub functions today with your free of charge profile.
hi guys ian johnson from drive success calm today were going to talk about the difference between financing your receivables through a bank and financing your receivables with an asset based financing solution called receivables factoring okay so the reason why Im doing this today is weve had a couple of customers ask me how do you do the comparison how do you do the analysis and what are the benefits to factoring so were going to do that today and this example this entire example is available on my website driving success com theres a sample Excel spreadsheet that has this very same example and you just need to input the different different variables in terms of your interest rates in the days that took the collect on the invoice okay so very quickly with a bank when you finance theyre going to charge you a cost of capital so in our case our yearly interest rate is 6% our daily interest rate is 6% divided by 365 days in a year which gives us point zero one six 4% our cost of go