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Posted by on Sep 13, 2016 in News |

Is Freight Factoring Feasible in Today’s’ Fast Moving Market?

cash-flowCash is king in every business and maintaining a steady cash flow is essential to the survival as well as the growth of any business. If you own a trucking company, you’re more aware of this in most businesses. However, if client payments are not coming on time, it’s just smart to consider the option of freight bill factoring to expand your business and to step up your cash flow without resorting to taking a loan. If your company is generating invoices for services offered, but the invoices are being paid slow, you can make use of factoring to ease the strain on your cash flow.

Transportation factoring beats waiting on slow pays

Transportation Factoring is a modern practice in the trucking business because, in spite of slow payments from a client, a truck company owner needs to pay for fuel, repairs, and drivers, as and when the expenses come up. In such a scenario, selling your freight bills to a reliable freight factoring company will enable you to get ready cash while the factoring company later collects the payment from your client. This way there is minimum cash tied up in your operations, and you will not have to take on new debt for meeting your operational expenses. Factoring helps you turn your outstanding invoices into ready cash.

Truck Factoring offers cash flow

Truck factoring provides benefits in addition to ensuring a steady and predictable flow of money. For example, some freight factoring firms offer to fund the same day. Funding mostly depends on the credit strength of your clients. As long as you take normal precautions, steady cash flow can be a headache off your plate. You can care for your expenses promptly and take on new jobs without borrowing money. With factoring, even start-up truck companies can enjoy the same security. You can set up an account with a well-known factoring firm in less than a day’s time and get ready cash against your invoices when you need it.

Complimentary credit verification service from freight bill factoring companies

If you are new in this business, you can also take advantage of the complimentary online credit check facility offered by a few freight bill factoring firms. This helps you assess the credit worthiness of your client, therefore, reducing your risk.

Freight factoring as little as 1%

Freight factoring firms charge a minimal fee for their services that can be as low as 1%. In today’s cash-strapped business environment, factoring is a smart option for truck companies.

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Posted by on Jul 28, 2016 in News, Technology |

5G – The technology of the future

5G – The technology of the future

   Our world will experience a massive change, and the 5G will be responsible for it. No matter in which sector you work the change will come and you will feel it.

    The majority of the people fail to realize the changes that will come with the 5G. The importance of this tech is still unknown to man. Those that understand the need for faster and more efficient internet speeds do realize that the world will be different.

   Ericsson's President & CEO Hans Vestberg points during a news conference at the Mobile World Congress in BarcelonaThe arrival of this tech is still far in the future as the first tests will start later in this year. But we do have some info about it, and the expectations are high. The current 4G networks are fast, but they will fall into the shade of the new 5G which will be 10 to 100 times faster. Even if the lowest number becomes the reality, it will change the world. These expectations are conservative, so it is realistic to expect 100 times faster networks. This means that the internet will be very fast, but that is only the secondary impact this tech will have. The biggest impact the 5G will have is the wave of the innovations that will come in its wake. This Tech will open the doors to dozens and even to hundreds of new techs across the industries.

     Once this technology arrives the competitive fields in all industries will change. Those that fail to adapt will go down, and those who succeed will flourish. The transformation will be massive and 4G will become obsolete, and no company will be able to stay competitive without the 5G.

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    For example, you have TV industry. Many different competitors are present on this market, and they fight for their share. When this tech arrives, they will have to utilize it to stay on the top. Those who fail will go out of the business. The change in this industry will be complete. The beginning will see only one or two companies using this tech. After their initial success, the others will be forced to change. Those that refuse will lose the market share, and they will not survive.

   slide_010214-5g-1-100294706-gallery.idge  The change won’t be like the transition from 3G to 4G, and it will be on a whole new level. The world will change completely and the companies that embrace this new tech will become leaders in their industries. Their success will force others to change, and those companies will become secondary providers. A small number of businesses will refuse the change. This happens all the time as some people are unable to perceive the consequences of their lack of the action. After a while, they will lose the profit, and they will have to shut down.

   This change will benefit workers as they will be able to advance in short time. Brave people that will risk everything by joining the companies that venture into the 5G world will become members of the leading companies. This change won’t only affect the companies; it will affect every human being whose work is connected to tech-based entities.

5g-ultra-reliabilty

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