Financial services firm Catamount Funding announced on Wednesday (Aug. 27) that it now offers now offers competitive and cost-effective invoice factoring services.
According to a company statement, Catamount’s account receivable management services also include invoice factoring services, along with a professional built-in account receivable manager.
“Our Account Receivable Financing not only facilitates cash flow but also mitigates unnecessary credit risk,” a Catamount spokesperson said. “We believe in the implementation of mechanisms that reduce the frequency of past due accounts and increase the frequency of invoice payments.”
The spokesperson added that when businesses ease up on their payment and credit requirements that is when they typically experience a significant reduction in cash flow and a decline in the profitability of their business. However, through Catamount’s Account Receivable Financing Services, businesses will receive final payment as soon as possible.
A strong accounts receivable program is something that many businesses desire. Last month, PYMNTS.com reported on how a law firm selected e2b teknologies to improve the firm’s Sage 100 ERP system, automate manual processes, and increase cash flow.
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