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Moreover, BlueX supports different payment methods, including offline remittance, same-day ACH, and SWIFT.Post contributed by Roger Peña, M.Ed., Research Services Librarian BlueX will pay your vendor on time, and you can choose between net 30/60-day terms every time you submit an application. B2B PIL is an ideal solution for companies looking to modernize their payment systems, reduce costs, and improve their competitive advantage.įor example, BlueX Pay-it-Later offers pay-later options for your cargo and all your logistics invoices, providing financing options with up to 100% of net invoice value and up to 1 million in funds available in 48 hours. Use Pay-it-Later to maintain strong cash flow: Just by giving you more time to pay, B2B Pay-it-Later (PIL) solutions can help to offset rising supply costs and help your business acquire more inventory. You can contact BlueX Sales for more information about our related solutions. Or, businesses with credit histories too short to get loans can try accounts receivable (A/R) factoring, or selling your invoices to a third party company for an advance on a portion of the invoice value. If you are a retail business that struggles to purchase the stock you need for seasonal demands, you can consider inventory financing, which is using the inventory you need to buy as collateral for itself. Inventory financing or A/R factoring: There are more and more creative ways to finance your business besides credit cards and bank loans. If you’re not able to see all of your payment data in a single window, maintaining long-term visibility over your capital will become increasingly difficult. Such platforms are shown to greatly improve invoice reconciliation, reduce days sales outstanding (DSO), and increase overall visibility and efficiency in the payment process.

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You can consider pausing plans to grow your business and instead look at how to keep capital stable in the long-term beyond just this month or quarter.ĭigitize your AR: Moving your legacy AR processes onto a digital platform at this timing is not just helpful, it’s essential. Prioritize a healthy balance sheet over growth: In these times of economic disruption, focusing on the fundamentals of cash flow management and maintaining a healthy balance sheet should sometimes take precedence over business growth. What businesses can do to maintain healthy capital flow This has also led to higher interest rates on business financing in the short term. Close to 50% of banks surveyed said that lending standards were slightly more stringent to small businesses compared to January of this year.Īnother interest rate rise: In late March, The Federal Reserve decided to raise rates by 0.25% even while the banking collapse was happening. Temporary loss of access to insured funds: Businesses that relied on one of the three closed banks may temporarily lose access to insured funds until they are returned by the Federal Deposit Insurance Corporation (FDIC).īank stress and tightening credit: According to the Federal Reserve’s latest quarterly Senior Loan Officer Opinion Survey (SLOOS), lenders are tightening standards in the wake of the banking turmoil. If you are a small to medium-sized business in the U.S., you may already be feeling the effects of the bank collapses on your cash flow, which can include:

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