Archive for July 2018

Fantastic Working of the Companies with the Proper Factoring Process

Who does not know this situation?The goods are delivered / provided the service, the bill is made, but the customer does not pay, not yet or not completely. Without risk protection, not only can the entrepreneur be deprived of liquidity, but profitability can also be negatively affected. In extreme cases, bad debts even threaten the existence of the entrepreneur to a greater extent. Factoring minimizes this default risk.

Factoring protects against bad debts

With the recessionless purchase of receivables, the default risk for the sold receivables is fully transferred to the factor. If a customer (customer) becomes insolvent, the factor bears this risk. The advance payment already made remains with the entrepreneur and is not repayable.

In the first step, it must always be checked whether the deliveries / services or the existing business model are factorable. This means that the receivables must be paid in full, free from any claims by third parties at the time of the accounting. Dresdner Factoring AG exclusively finances commercial receivables (B2B). Taking good care of the factoring invoices happens to be essential there.

Requirements for factoring

The prerequisite for concluding a contract with a factor is a credit check conducted by the latter, which, however, differs significantly from the credit check of a bank. In contrast to the bank, which primarily examines the creditworthiness of the borrower, the focus of the factor is essentially on the examination of the receivables to be purchased, ie, above all, on the creditworthiness of the debtor (debtors) and the nature of the receivables. The purchase volume is controlled by granting a financing limit (factoring framework) that can grow in line with sales. In contrast to the bank loan, no additional collateral is usually required for this financing limit.

Factoring users profit from the currently prevailing low-interest phase in terms of factoring costs. The amount of the factoring fee to be paid by the factoring customer is in the discount range. It depends on the annual turnover, the number of invoices, the debtor structure, the industry and the payment term of the customers. The interest rate for the provision of the pre-financed invoice amount is at current market conditions for current account overdrafts or even partially lower. The interest settlement takes place exactly to the day.

Potential savings:

  • Hedging against bad debts
  • Purchasing benefits by using discounts, discounts and bonuses from your own suppliers
  • Administrative relief of debtor management in connection with cost savings
  • Interest cost savings for fast payments

Reduce the cost of overdraft

Increase of the equity ratio and thus optimization of the bank rating, which has a decisive influence on the credit conditions

Factoring costs

Even with an unchanged cost structure, the advantages of factoring are obvious:

  • Flexible “growing” financing
  • More independence
  • More safety
  • No additional collateral required

Comparison: factoring costs and savings potential

Factoring is becoming more and more important in Germany due to its flexibility and cost efficiency. Depending on the company situation, the cost savings achieved can be significantly higher than the factoring costs.

Essential Options for the Proper Money Lending is Right Here

In addition to the actual loan price, prior to the conclusion of the contract, the credit institution is obliged to submit to the consumer without compensation any other essential terms of the contract, and at the request of the consumer it is obligatory to submit a draft contract if it agrees to establish a credit relationship with the consumer. The best interest new home loan in Singapore option is right there now.

Also, prior to the conclusion of the contract, general terms and conditions of credit operations and / or rules on interest rate calculation, methodology of calculation and change of fees and / or exemption from the fee charge should be available, which are explained in more detail below:

  • current nominal annual rates of regular and default interest,
  • the way of calculating interest,
  • the conditions of changing the regular and default interest rates during repayment of the loan,
  • the currency of the principal or the currency at which the principal is linked and the explanation of the exchange rate risk of those currencies,
  • fees and commissions charged and the possibility of their change,
  • an effective interest rate reflecting the total loan price,
  • repayment plan – amount of principal repayment, interest, repayment terms, number and amount of repayment installments,
  • conditions for depositing deposits with a credit institution, if this is a condition for granting a loan,
  • options and conditions for repayment of loans and deposits (if applicable),
  • loan repayment instruments and other conditions with emphasis on the consequences of non-payment,
  • consumer rights to waive the contract in legal terms and conditions
  • conditions of early repayment of the loan.

If other participants in the credit relationship appear in the contract, and the credit institution is obliged to present all important information on the terms of the contract and acquaint them with their rights and obligations.

Note: By deciding on the content and form in which consumers are given information before contracting a particular banking service, the Croatian National Bank has prescribed the forms that the credit institution is obliged to provide to the consumer before the loan agreement is concluded. You can have your deals with the most trusted money lender in Singapore now.

IMPORTANT: When making a decision to contract each and every single product and service in a credit institution, including credit agreement decisions, it should be borne in mind that the contractual relationship assumes certain obligations. Failure to comply with these obligations also entails certain financial penalties in the form of default interest and / or additional costs, which creates the basis for the debts and the taking of activities for the payment of outstanding liabilities by the credit institution.

Top Ways a Virtual Workplace Can Benefit Your Startup

Are you seeking to have a professional corporate image for your company? Unsure how to make this happen without breaking the bank? The good thing is you do not need to lease or purchase a real office space to provide you with that corporate experience since you do all these with  Nevada virtual office.

Rather than renting an office, hiring a receptionist, buying office equipment, furniture, and phones and other systems; a virtual office is merely what you need.

Let’s face it, a business which has its office, furniture, live phone support, a dedicated business line, and so forth helps legitimize the business operation.

However, the costs and regular monthly payment connected with that sort of setup is too big to manage for some start-ups. But with a Nevada virtual office, you could have all the great features of a serious business process without all these costs.

A Nevada virtual office is an inexpensive and brilliant choice for actually the smallest budgets to run a company. For a few dollars each day you can get all the resources of a big business; a devoted business team, a live team to handle incoming calls, a business mailing address, customized voice mail, fax line as well as more.

It is a fantastic treatment for start-ups and business owners to keep working costs low while having a professional corporate image. It additionally plays a very important role throughout the procedure for creating business credit. Rather than using a house address as the company’s mailing address, you can use their business virtual address rather.

Listed Below Are Some Of The  Ways A Digital Office  Can Benefit Your Business:


  • Get A Dedicated Telephone Number

A well known geographic area code business number may help your business get local customers easier. A local number looks more personalized and reliable for local customers when compared against an unrecognizable region code.

  • Get Yourself A Professional Live Receptionist

Think about having a professional live person responding to incoming demands for your business. This speaks a lot for your company and its own operation.

  • Have A Business Address

A zoned industrial address is an essential component available for the credit building process. For lenders, it can help in determining the process and the location of a business.

  • Obtain Customized A Voice Mail Boxes

With several voice-mail boxes with specific prerecorded introductions, an organization can improve the conversation with consumers after business hours. While there is no shortage of options you could find on the internet offering a company virtual office, make sure to take time to determine one of the most budget-friendly and inexpensive Nevada virtual offices for you. Remember, if you decide to set up a digital office,  make sure all of the information you offer on the application form coincides with the details you have on your company record and filings.


As you can plainly see a Nevada virtual office offers the best option for any start-up or small business operator to avoid spending 1000’s of dollars in office expenditures while still offering a specialist business image for their business. Whether you will work from home or with limited funds, you can simply do your business just like a big company without breaking the bank.

Easier Options to Escape from Alcohol Addiction

With alcohol problems, there is often a need for cleaning from alcoholic toxins at home. The traditional procedure of detoxification, as a rule, consists in setting up a dropper. It is required for slow intravenous dosing of drug solutions into the blood.

In addition to the term detoxification, such names as detoxification or even detoxification are also used. This is almost the same. This procedure is understood as a set of treatment measures to create conditions and reactions of the body aimed at reducing the activity of toxins and poisons. The method promotes their removal from internal environments, as well as the stabilization of vital functions and the normalization of structures (tissues and organs). The alcohol rehab brings the right solutions there.

Drugs for alcohol detoxification

As a rule, detoxification from alcohol is carried out using diuretics and preparations, saline, hypertonic solutions, use also vitamins of group B (B1, B6) and others.

When the onset of alcoholic coma should be washed through the probe stomach

For what it is recommended to use salt laxative and to create conditions for urgent urination.

For the treatment of alcohol withdrawal syndrome, the main thing is not the amount of liquid that is poured into the patient to be excreted. An important role is played by a competent choice of medications, for the normalization of anxiety, the restoration of normal pressure, the work of the excretory system, the liver, and the overcoming of the consequences of vegetative and neurological disorders.

A universal solution or a recipe for achieving the result, unfortunately, no

It is necessary to select individually the composition and amount of medications administered for each case. A competent diagnosis based on the actual condition of the patient, the target selection of medications is the most important. Without this, any intervention becomes unconscious and turns into shamanism.

When treating alcohol withdrawal syndrome, antidepressants, tranquilizers and antipsychotics are often prescribed. Sadly, doctors often exceed the dose of these drugs. Then, when coping with the consequences of binge drinking the next day, the patient has discomfort instead of relief and a sense of recovery. Such a provocation can induce the use of alcohol again, which is obviously unacceptable.

  • dropper is an indispensable tool for detoxification
  • Paid drug treatment clinic

It is important to realize and remember that:

  • Alcohol abstinence syndrome in patients in terms of their development and the overall clinical picture varies significantly. It depends on many factors: the age and sex of the patient, the duration and stage of alcoholism, the amount of alcohol consumed, the combination with taking medications or toxic drugs, etc.
  • The clinical picture of alcohol withdrawal syndrome is usually considered as a dynamic structure, the complexity of which determines the method of treatment. The narcologist details all sorts of facts that can have a significant impact. For example, the duration of the drinking-bout, the approximate amount of alcohol consumed the presence of certain diseases, and others.

The qualification of an expert in narcology is determined not only by the ability to analyze all possible factors of influence, rational treatment is individually inherently. A specific strategy of withdrawal from the binge is also conditioned by the duration of the withdrawal syndrome. It can last from a few days to a couple of weeks, and also have a different weight. “Binge break” at home is possible in patients with mild withdrawal syndrome or in the case of moderate severity in the absence of psychomotor agitation. The presence of signs of alcoholic delirium is the basis for immediate hospitalization even without consent.

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