Factoring, Collection, and Receivables Management Services for Federal Government Prime Contractors
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Factoring is an ancient financial tool that has been made unnecessarily complicated. At armcor.com Ltd. our vision of factoring is simple: A fair deal for government contractors. Other firms still approach the purchasing of government contractor receivables as they do all other factoring in the commercial world. Thus, the creditworthiness of both the client and the debtor are issues to them. Not at armcor.com. We require no personal guarantee, and since a properly accepted and assigned government invoice is as good as a Federal Reserve note, we do not keep a hold-back. Other factors hide charges and keep up to 30% of your invoice until they collect (even though they usually make little or no effort to collect from the payment office). Other firms may quote appealing initial rates, but their practices tacitly encourage the government payment office to pay more slowly, and their terms stipulate that the client—you—pay additional interest charges when collections lag. Not at armcor.com: Once we buy your certified invoices it is up to us to collect them. You never pay for how quickly or how slowly we collect. Factoring may be used on just one government invoice if you wish. Or you can sell a whole series of invoices to us as they become accepted. We have no desire to lock clients into long, one-sided contractual relationships. And, at armcor.com, we actually work with banks and conventional lenders to help you build your financial strength so you have more options as your business grows. We come from the federal contractor community ourselves, so we understand what you need, and we want you to recommend us to your business colleagues and associates for years to come. In addition to our unique factoring services, we also provide consultation, customized collection solutions, and remedial invoice processing to large federal prime contractors serving civilian and military U.S. Government installations nationwide, OCONUS, and around the world. For claims vouchers or adjustments we work closely with the appropriate audit agency. Factoring candidates wishing to learn more should call the Accounts Receivable Management Corporation Toll Free (U.S.) at 1 (800) 873-4161 or click the button below. |
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