I worked as a Finance Manager for a number of years. Over that time I oversaw a number of complex collections groups and at times we outsourced our collections to factoring companies.

There is a right time and a wrong time for a company to factor their invoices through a Factoring Service. The decision should not be made lightly but can be advantageous both for your company’s bottom line but also for the credit of your customers. Factoring invoices and outsourcing the collection on those invoices to a company specializing in those services can save you time and money and overhead. Your invoices are not something that can just be handed off and forgotten about soon after. It takes a good amount of time to properly plan the transition and plan the management of the new relationship with your future factoring partner. Any company that does their homework in these two areas, can definitely save money, save overhead, offer their customers lower prices and help their customers build out better credit. Factoring prices are reasonable and can be comparative to the costs that many companies reserve for bad debt and pay for inhouse collections. However, if a company attempts to hand over the invoices and ignore the partnership no savings will be found. To put it a different way, you do not want to outsource a broken inhouse process. Fix your culture and your process first, and then factoring can be a useful service.

Note. For anyone considering factoring services, I have offered my consulting services in this area since 2005.

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It probably does not come as any surprise to most people that the race for renewable energy is heating up the recruitment industry relating to people that have knowledge, experience, training and a passion for alternative fuels.

AE Feldman runs a Management Consulting Firm Blog and has in business since 1967 and identified this along with several other fields that are some of the hottest areas for recruiters and for job seekers.

Some of the other fields according to their latest releases include investment banking and mergers and acquisitions, areas that are often competitive under any market condition.  Possibly more surprising or reflective of the current state of the economy is the increase in demand for financial specialists with experience in asset backed securities transactions.  These securities are utilized to mitigate the risk of all types of loans from mortgages to credit cards to the latest no payments no interest deal from your local retailer.

Those institutions can offer those deals and those loans because they have eliminated or reduced their own risk through an asset backed security, something that a layman might refer to as something of an insurance policy against a bad loan covering many loans or many parts of loans in pools to lesson the impact and pay investors a nice return on their investment, when the loans are paid off.

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