IMM Financial is an Automotive Supplier Invoice Factoring Company with solutions to help keep your lines running while you wait to receive payment on your Invoices. Regardless if you are Tier 1, Tier 2 or Tier 3 Automotive Supplier, if you are a Small Business or Large Strategic Partner for the Automakers we have programs to give you the Invoice Funding you need. An essential part of today’s fundings is the fact that you can get with the Credit Insurance to secure your Receivables. If you have more money tied up in your Accounts Receivable than money in the bank, Factoring & Invoice Discounting is a very wise option for your company. Regardless of which country, state or province you are in, we have the ability to give advances on your Automotive Supplier Receivables.
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Most Auto Supplier Accounts Receivable Accounts have customers that make them wait around 60 days to get paid. Due to this lengthy period, it can become hard to make payroll, cover employer remittances not to mention the other daily expenses that have to be paid. This is where IMM Auto Supplier Factoring can help your business. Our facilities can help you cover the gap between when your invoices are raised and when you have to meet your Cash Flow requirements with Automotive Supplier Factoring Advances.
IMM Financial has a very well-built established record in dealing with the needs of the Automotive Supplier Industry with our various Accounts Receivable Financing Programs. We have teams devoted to your Supplier Accounts which can really help your back office operations so you can focus on growing your business. When we work with you as your Auto Supplier Funding partner will send money to your bank account within a day or two of confirmed delivery of your goods. It does not matter if you invoice on line or manually, you will have personnel with many years of experience working with you on your account.
In most cases you will be sent two advances for your Automotive Supplier Invoices over 2 installments. The first remittance will be about 85% to 90% of the invoice face value and this will be sent to your bank account in 1 to 2 days. Once your Manufacturer Invoice has been paid, you will receive the remainder of your funds after the Factoring Fee has been subtracted.
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The Factoring Fee typically will be around 1% to 3% of the invoiced value. What the real Factoring Fee is will vary on several factors like the time that the advance has been given verses the time the Invoices are waiting to be paid. Auto Supplier Accounts Receivable Financing is a very important part of most Auto Supplier Shops.
The main advantage of Factoring your Automotive Manufacturer Invoices is that your Cash Flow situation will improve immediately. Now you will be receiving payments on your Job Invoices within a couple of days, not weeks or months down the road. This will help you to plan your finances much more predictably and more timely. Payroll expenses, employer remittances not to mention the other daily costs that are requiring your attention can be planned with knowing when you will receive payment for your Job Invoices, not just hoping you receive payment on time.
IMM Receivables Management knows Credit Trends so the Receivables Management Team at your disposal. We live with the same accounts you work every day so we are in the front lines of the Account Receivables Management World which means we know what is happening before many others do which will help to cover your Credit Risk. As you should expect your Accounts Receivable will be completely open to you so you will be able to see your Accounts Receivable ledgers on line as well as printed statements. Your Cash Flow will be healthier and most companies find that their operations run smoother.
If your Automotive Supplier Shop is ready to develop without having to deal static credit lines, if you would like a credit line that grows with your company, take a moment to fill in the short form below and one of our Automotive Supplier Financing Specialists will be in touch with you soon to discuss the solutions are that we offer as well as the options available to your Auto Supplier Operation.
