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Produced by, The KGL Financial Group

A message from the President

Mr. Ken G. Lee

Our newsletters are designed to assist small to medium sized businesses who are interested in improving cash flow or redesigning processes for growth.  This edition focuses on Factoring and business travel redesign.  The life blood of any company is its cash flow.  One of the fastest ways to improve cash flow is through the factoring of accounts receivables.  Factoring is simply the act of selling invoices at a discount.  The benefit is that you'll have cash in your bank account within 24-48 hours after the sale.  This is money that can be immediately reinvested into your business.  Redesigning your business travel program can also produce a significant positive bottom line benefit.  With technology at the level it is today, it only makes sense to automate as much as you can within the company.  This applies specifically to business travel which could save your company as much as 50% of the annual travel outlay.  For information contact us for a confidential appointment. - Read more about KGL Associates...
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Factoring Accounts Receivable

The purpose behind factoring (selling) invoices is to make your cash available to you immediately so that you can reinvest that capital right back into your business.  By doing so, you can grow your company much faster than without using a factoring arrangement.  The WSJ once reported that the number one reason why most businesses fail is because of a lack of working capital.  Factoring your accounts receivable (invoices) provides your company with that continuous stream of working capital.  Thereby, the only thing that you need to make sure happens is that your sales orders are really rolling in.

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New Travel Paradigm

The travel industry is very dynamic and is changing almost by the day it seems.  In a constant effort to get more done and to maximize profits, people realize more than ever that time is money.  The new paradigm for business travel is to do so in the most efficient way.  This implies a great deal of 'focus' as the key for all aspects of the business travel industry.   Corporations are paying closer attention to their bottom lines and how to maximize travel dollars without sacrifices either quality or quantity of business travel. 

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