Manual file handling can be quite a reason behind your business burning off funds as well as your staff members losing interest in their duties. The best way to speed up all enterprise operations and increase your stats would be to take care of everything with cutting-edge software like DocHub. Take care of all your files and Save Factoring Agreement in JPG within just seconds and save more time for pertinent tasks.
With DocHub, you have unlimited use of your files and Templates available for you at any moment. Check out all functionalities right now with your free of charge DocHub account.
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