Arnon Dror is an inspiration for many young individuals who want to stand out in the financial world. This MBA graduate has over 20 years of valuable experience under this belt. He has the distinction of successfully discharging the office of Vice-President in more than one company. These organizations include Scitex, US Channel Group, Creo Inc., Kodak, Presstek Inc., Creo Americas, and Xerox. Hardly any of his contemporaries can claim to achieve such a feat. The officials of each of these establishments acknowledge his contribution in improving their concern’s fortunate. They consider him to be a specialist in the area of corporate reconstruction. Moreover, they also are quick to clarify that his expertise extends to many diverse fields. These include international taxation, business negotiations, corporate mergers, internal control, ERP integration, and strategic planning.
Arnon Dror – Is it advantageous for entrepreneurs to for invoice discounting?
This financial professional says entrepreneurs go to great lengths to attract new clients to their businesses. However, it doesn’t take these businessmen long to realize that most of these individuals are slow-paying customers. They refuse to clear their outstanding dues despite receiving constant reminders from these proprietors. This puts immense pressure on their establishment’s cash flow. These owners find it very difficult to conduct their commercial operations in the market. In many cases, they have to abandon many of their expansion programs. This is a situation which is unacceptable to them. This is why this expert suggests they could consider hiring a vendor specializing in invoice discounting. He points out the following 2 important benefits of taking this course of action:
- No collateral
Under all invoice discounting schemes, the entrepreneurs don’t have to provide an asset as collateral. This is boon for many of them who operate small establishments. It’s also a far cry from traditional commercial bank loans. The service provider they choose to hire has only one important concern. The invoices they issue to their customers after every successful credit sale should be authentic. On top of this, these bills should remain unpaid until the expiry of their due dates. The vendor then offers them a sum equivalent to 80% of the value of such documents. After this, they take on the responsibility to recover the outstanding amount from the slow-paying customers.
- Instant cash
Entrepreneurs are in a position to obtain the money they need in a discounting invoice scheme. Moreover, they can get such funds once they issue invoices on their customers for successful sales. This goes a long way in easing the pressure on their concern’s cash flow. This injection of funds helps them to implement their organization’s growth schemes without any hassle. These proprietors can even buy the necessary equipment they need for their businesses. This is a fact which they can’t afford to overlook.
Arnon Dror says that hiring a service provider offering invoice discounting schemes can work wonders for entrepreneurs. The above 2 important advantages of taking this step prove this fact beyond any doubt. They can easily get the funds they need to conduct their commercial operations with ease. On top of this, they’ll still have the money to execute their expansion programs. It a decision they won’t regret taking in the long-run.