Blog | Resolve

What Type of Business Loan Is Right for You?

There are a few different types of business loans offered by lenders—and many variations on those loans that cover everything from short-term financing and invoice factoring to long-term loans with all sorts of repayment terms. Finding the right business funding solution may take some time…

LATEST POSTS

Factoring & Financing

The Resolve Guide: 8 Reasons to Avoid Invoice Factoring

Resolve is often compared to factoring companies and invoice financing. But the truth is: we couldn’t be more different. Here are 8 reasons to avoid invoice factoring. 1. Factoring is slow, invoice by invoice. Working with a factoring service requires you to go through an invoice-by…

Factoring & Financing

8 Reasons Why Resolve Is Better Than Invoice Factoring

As a complete net terms and credit management solution, Resolve Pay is often compared to factoring companies and invoice financing. But the truth is: we couldn’t be more different. Yes, Resolve Pay can help you unlock cash flow while still being able to offer net terms to customers. But we…

Net Terms & Credit

8 Reasons Your Team Shouldn't Be Doing Business Credit Checks

About 60% of all businesses offer net terms to customers. And why wouldn't they? Extending B2B credit is a great way to boost sales, drive customer loyalty, business partners, and give your business a competitive advantage. The catch? Using the old-school method to check a customer's…

Net Terms & Credit

Resolve Guide: 8 Steps to Expert Customer Credit Checking

If your business customers pay you on net terms (30, 60, 90 days) - chances are your team is performing business credit checks in-house. Maybe it looks something like this... Your customer gets sent a lengthy credit application form, they may take a week to return it to you, your team…

B2B Payments

Simplifying B2B Credit Card Processing: A Complete Guide

B2B vs. B2C payments: How they’re different B2C (consumer payments) are often frequent and small purchase amounts transacted through credit cards. The most common purchases are retail items. In contrast, business-to-business payments are much larger and not as frequent. Like consumer…

Business Growth

12 of the Best Invoice Automation Software | AP Automation Tools

What is invoice automation software? Invoice automation software removes much of the manual labor involved with accounts receivable and payable processing. By automating your invoicing life cycle, you’ll reduce costs and increase efficiency. Many companies are turning to invoice automation…

Net Terms & Credit

Net Terms Guide: What Are Net 30/60/90 Terms?

What does net 30/60/90 terms mean? Net 30/60/90 (also known as credit terms) is the number of days until an invoice is due. Net 30 means the invoice is due in 30 days. Net 60 terms means the invoice is due in 60 days and so on. The start date can vary by company. Some companies may count…

Cash Flow

What Is Working Capital and How to Calculate It

How's your net working capital or cash flow? Do you have enough cash? What's your short-term liquidity like? How are the company's current assets looking? We'll help you answer these questions and more. The working capital formula (or working capital ratio) is made of liquid funds/assets…

Cash Flow

What Is Days Sales Outstanding (DSO)?

Do you have a set of key performance metrics/indicators (KPIs) used to analyze your business's performance? If not, KPIs are something you should strongly consider. Performance metrics provide insight into the health of a business. One important performance metric, which tracks payment on…

Net Terms & Credit

Understanding How Trade References Work

Businesses must be able to determine the risks they’re taking when extending credit or net terms payment options to a customer. Floating net terms (i.e. waiting 30 days to get paid) impacts their cash flow. There are different ways to determine if a customer is creditworthy and if you…

B2B Payments

How to Offer Customer Financing: A Comprehensive Guide

In business-to-business transactions, a lot of cash changes hands. Even if a business purchases a single unit, that asset could have a price tag that reads like a phone number. For these reasons, some businesses won’t have the finances to pay upfront. Naturally, most businesses will offer…

Business Growth

How to Manage Cash Flow in COVID: Accounts Receivable Tips

On May 13, 2020, the U.S. government’s Congressional Research Service published a report titled COVID-19: U.S. Economic Effects. It found that first quarter GDP fell at an annualized rate of 4.8%. Inflation-adjusted personal consumption spending in March fell by an annualized rate of 7.…

Cash Flow

How to Forecast Revenue Accurately

Why accurate revenue forecasting matters Creating a revenue forecast allows companies to plan for future projects, increase hiring, budget for purchasing commercial property, introduce new products, manage future cash expenses, and more. Companies that can forecast accurately tend to have…

B2B Payments

Preparing to Accept Credit Cards

If you never have accepted credit cards before, and depending on the complexity of your business, it can be fairly simple and quick to get started. Read on as we go over what to expect when preparing to accept credit cards. Simple business, simple process For smaller businesses, the…