By teaming with Catamount Funding, you will see that our Invoice Factoring program has a mechanism within itself that provides a professional built-in account receivable manager. As an integral part of our weekly processes, our staff consistently monitors invoices past thirty days. We place periodic calls and send past due reminders via email to the accounts payable managers. If your customer is missing an invoice or any supporting documentation, we will immediately forward that information to them electronically. This process guarantees a quicker turn around of payment on your invoices without incurring the cost of hiring an account manager.
Another benefit of this process is that we help you manage is credit risk. By monitoring the information available through credit reporting agencies we are able to assess credit risk of doing business with both new and existing customers. Assessing credit risk before you engage in business with a new customer is critical. Future credit losses can often be avoided by performing a brief investigation of a potential customer's credit history.
Our Account Receivable Financing not only facilitates cash flow but also mitigates unnecessary credit risk. We believe in the implementation of mechanisms that reduce the frequency of past due accounts and increase the frequency of invoice payments.
Why is monitoring accounts receivables so important?
In today's economic environment, managing cash flow has become more important than ever. Cash flow is the life blood of every business large and small. The current economic cycle has caused many businesses to ignore their existing policies and procedures in order to accommodate the market place. This "adjustment" has been the primary driver for the surge in the number of financially strapped companies we see.
With constant pressure to show revenue growth and profitability, businesses can't afford to ignore their trade receivables. It has been shown that when businesses relax their payment and credit requirements they are likely to experience a significant reduction in cash flow and a decline in the profitability of their business.
With Catamount's Account Receivable Financing Services, we take care of managing your accounts receivables so that you receive final payment as soon as possible.
Catamount has always been there for us and has been very instrumental in helping us succeed.
Without Catamount we would not be where we are today...period. They have been a tremendous help and are very supportive!
When we needed help Catamount stood up to the plate for us. Their service is outstanding...great people to work with!