“At Finance Solution, we’ve never been about big sales, gimmicks, or cheesy over-the-top claims of being the best and the biggest. Too many companies waste time with puffed-up sales techniques, flashy websites, over-the-top branding, slick advertising, and shady practices. People are way too savvy to fall for all that stuff. So, we stand firmly on the fact that if we really treat people right, we’re pretty much sure to make them part of the Finance Solution team.
What do we mean by that? Simply put, when you use the services of a mobile finance solution company, the company uses a proprietary information system developed especially for them and only for them. They use it to provide the sort of information and lending practices they’re known for and nothing else. In this respect, the company is actually outsourcing a lot of the traditional business practices of the parent company.
The other thing is the fact that a corporate information system doesn’t have to be run by a bunch of cubicles in a basement somewhere. In fact, that’s not even necessary. If you choose the right company, they’ll develop customized software that can be used by finance managers anywhere that an internet connection exists. Even better news – mobile finance solution teams don’t have to be located in the parent company’s hometown. Technology is growing globally and by feeding information into a universal platform, anyone with a smartphone can get access to financial information from anywhere they are.
This is really only the tip of the iceberg, however. Once the data has been processed, the financial services manager can design a variety of different approaches to deal with a variety of different problems. It’s important to realize that there is no one answer that will work for everyone.
Let’s take a look at two examples of business finance solutions that can be customized to fit your unique circumstances. One is called asset-based lending. Here, the staff and executives in charge of a specific section of a company’s finance department (the line managers) meet on a weekly basis to discuss and strategize about how best to use their financial resources. This is done through what’s called a floor plan setting meeting. This meeting involves all of the senior management, including the CEO, CFO, COO, and the line managers.
The other way that business finance solutions can be tailored to your unique situation is through venture capital funding. Venture capital is funding provided by private investors that are retained by a business in exchange for shares of ownership in the business. The venture capital firm is made up of experienced venture capitalists who have understood the risks and rewards associated with providing this type of financing. Typically, venture capitalists will provide a credit line that is 10% of the equity value of the company. Because venture capitalists typically have very good experience in dealing with businesses that are having difficulty generating any revenue, they are able to significantly reduce the risks associated with this type of financing.
In conclusion, you need to consider each of these business finance solutions carefully. You want to make sure you have an appropriate solution that will work well in your industry. You also want to ensure that you have a working capital solution that is flexible enough to meet the unique challenges you face as your business grows. Finally, you want to choose a business financing option that will help you in your particular area of operation. There are many options available to you, but you need to focus on your specific needs in order to make the best choice.
While it may not be possible for you to evaluate every feasible business finance solution, you can look at each of these business financing options in turn. By doing so, you will be better able to understand your working capital needs and you can identify the most practical solutions for your company. In addition, by examining these various business finance solutions, you will be able to better understand the diverse funding sources available to you. This knowledge will help you identify the most cost-effective working capital options for your company.