29 Nov Achieve business success with Nozama factoring

• Of all Nozama’s financial services, factoring is the one that provides the most facilities to our clients, allowing them to grow exponentially.
• Our customers can avail of Amazon money upfront at a lower interest rate than with other financing methods, among many other features.

Liquidity is the foundation that all businesses need to function on a daily basis, as if we were talking about gasoline in a vehicle. The problem is that in the business world it is often the case that the amount is charged for the service provided on a deferred basis or, it also happens due to certain circumstances, that the amount of the invoice is needed in advance.

What’s up with this? That can slow down the growth and expansion of a business, since to grow you need investment in the same way that a plant needs water.

For this reason, at Nozama Solutions we offer our clients a unique financial service that allows them to be boosted through facilities that they would not otherwise be able to obtain. Still don’t know what it is? We’ll explain it to you below.

What exactly is factoring?

Basically, factoring is a mechanism that companies have to advance the collection through a financing entity. Here’s how it works:

• One of our clients makes an agreement with Amazon to sell certain products. It is essential that it is a Vendor, that is, that it performs the function of a product supplier for Jeff Bezos’ company.
• Amazon issues the invoice on a deferred basis, meaning that the company in question will receive the money between 60 and 90 days later.
• Our client needs the money before that date, so he requests our factoring service.
• Thanks to the agreements we have with our financial institutions, we are able to advance a significant part of the amount of the invoice.
• In this way, our client obtains liquidity in less time and at a much lower interest rate than if they obtained it through another financing method.

The latter is due to the fact that at Nozama Solutions we support our clients thanks to our impeccable track record. For this reason, the banks we work with offer our clients financial and economic products with very advantageous conditions.

Advantages and Benefits of Nozama Factoring

This service has three main benefits for your company:

• Invoices paid in 24-48 hours: in other words, you get liquidity immediately. This is one of the most important assets of a company because it measures the ability to convert it into cash without losing its value. In this way, you will be able to reinvest the money from the Amazon contract quickly into another activity of your business and thus not slow down its growth.
• Documentation management: at Nozama we have a large team of financial experts dedicated entirely to everything related to your company’s finances. This includes things like settling collections, but also keeping an eye on overdue and uncollected invoices and everything related to the factoring process, negotiating with the financing company and always getting the most beneficial deal for you.
• Preparation of monthly status reports: in the same way, the team of financial experts that we have at Nozama is in charge of preparing a series of monthly reports so that you can clearly see the status of your company’s accounts.

But all this is much more important than it seems. Why? Because we free you from having to keep an eye on this part of your business, which means a significant reduction in costs and an increase in your profit margins. By not having to hire a specific, trained team to work within the Amazon ecosystem, you can save administrative and personnel expenses and leverage them in other areas of your business.

Everyone on our finance team is an expert in the complicated web of working with Amazon and knows exactly what they need to do at any given time to maximize your profits.

For this reason, if you have a business, it doesn’t matter if it is small, medium or large; If you want to sell on Amazon, at Nozama Solutions we can help you improve your profit margins and continue to grow and reach more and more people.