Being Too Good

While many business people claim their employees as family, doing so can cause problems in the survival of the company

“I not only wanted to have a successful company,” Fred said. “I wanted to have happy, thriving employees. But costs got out of hand and I soon found us all in red ink,” Fred continued. “I had to find a solution that was a win for everybody involved.”

Fred’s 30-year-old manufacturing services company is well known in his industry by not only his customers but by his suppliers.

(Because of the private nature of our industry and work, we are not using our client’s real name to protect him)

“Cash flow management was Fred’s issue,” Anne Capps said. Ms Capps is Executive Vice President of American Receivable (www.americanreceivable.com). “Making sure everyone is fairly compensated and paid on time is a tall order,” Ms. Capps continued. “We helped Fred find a middle ground that pleased most everybody, yet allowed him to continue to do business and pay his people and suppliers.

Working with Fred, American Receivable helped him manage his cash flow by monitoring salaries, working payment deals with debtors and vetting potential customers on their creditworthiness. Their relationship has gone on for nearly 20 years now.

“Anne and her team did more than factor my receivables,” Fred said.” They helped me with my whole operation so that the cash they did come up with was spent carefully.”

For more information, contact American Receivable at 972-404-4726.

The American Receivable Team