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RTS Financial Factoring

From RTSFinancial, 11 months ago

Presentation describing RTS Financial's factoring process.

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Slideshow transcript

Slide 1: Factoring with RTS Financial Travis. Meet

Slide 2: When he started, Travis had 2 trucks.

Slide 3: When he started, Travis had 2 trucks. Now Travis has 10 trucks.

Slide 4: Travis uses brokers for his business.

Slide 5: Travis uses brokers for his business. His invoices get paid in about 40 days…

Slide 6: …but Travis has his own bills to pay.

Slide 7: …but Travis has his own bills to pay. truck/trailer payments

Slide 8: …but Travis has his own bills to pay. truck/trailer payments payroll

Slide 9: …but Travis has his own bills to pay. fue l truck/trailer payments payroll

Slide 10: …but Travis has his own bills to pay. fue l permits truck/trailer payments payroll

Slide 11: …but Travis has his own bills to pay. fue l insurance permits truck/trailer payments payroll

Slide 12: Travis wants to grow his business.

Slide 13: Travis wants to grow his business. But with his cash flow tied up in outstanding invoices,

Slide 14: Travis wants to grow his business. But with his cash flow tied up in outstanding invoices, he’s stuck.

Slide 15: Fortunately, Travis works with RTS Financial.

Slide 16: Meet Janice.

Slide 17: Meet Janice. Janice works for RTS Financial.

Slide 18: Meet Janice. Janice works for RTS Financial. Janice is Travis’ Account Representative.

Slide 19: To get the capital he needs, Travis sends

Slide 20: To get the capital he needs, Travis sends his invoices,

Slide 21: To get the capital he needs, Travis sends his invoices, bills of lading,

Slide 22: To get the capital he needs, Travis sends his invoices, bills of lading, and rate confirmations to Janice.

Slide 23: RTS Financial purchases Travis’ invoices.

Slide 24: RTS Financial purchases Travis’ invoices. He receives the money in his account on the same day.

Slide 25: Today, Travis submitted $10,000 worth of invoices.

Slide 26: Today, Travis submitted $10,000 worth of invoices. $9,000 is wired to his account on the same day. Travis does not have to wait 40 days for his debtors to pay him.

Slide 27: Now Travis can

Slide 28: Now Travis can expand his business

Slide 29: Now Travis can expand his business increase his insurance coverage.

Slide 30: Now Travis can expand his business increase his insurance coverage. buy new trucks and trailers

Slide 31: Now Travis can expand his business increase his insurance coverage. buy new trucks and trailers fund his payroll

Slide 32: Meanwhile…

Slide 33: Meanwhile… Janice mails out Travis’ invoices.

Slide 34: Meanwhile… Janice mails out Travis’ invoices. She calls his debtors to make sure they received Travis’ invoice, and that he’s going to get paid.

Slide 35: Meanwhile… Janice mails out Travis’ invoices. She calls his debtors to make sure they received Travis’ invoice, and that he’s going to get paid. Once the invoices are paid, Travis is funded the rest of his money minus a small factoring fee.

Slide 36: To reduce his risk of bad debt, Travis checks his brokers on www.rtscredit.com.

Slide 37: To reduce his risk of bad debt, Travis checks his brokers on www.rtscredit.com. As an RTS Financial customer, Travis has a free membership.

Slide 38: To reduce his risk of bad debt, Travis checks his brokers on www.rtscredit.com. As an RTS Financial customer, Travis has a free membership. Travis only does business with “A”, “B”, and “C” rated brokers. This keeps his risk down and his profits up.

Slide 39: Travis also likes to use the RTS Financial/EFS fuel card.

Slide 40: Travis also likes to use the RTS Financial/EFS fuel card. EFS Cards are accepted at more than 5,000 truckstops.

Slide 41: Travis also likes to use the RTS Financial/EFS fuel card. EFS Cards are accepted at more than 5,000 truckstops. Through RTS, fuel discounts are available.

Slide 42: Travis has a couple of questions about his account so he calls Janice.

Slide 43: Travis has a couple of questions about his account so he calls Janice. While talking to Janice, he mentions that his friend Bob needs to increase his cash flow.

Slide 44: Meet Bob.

Slide 45: Meet Bob. Bob has maxed out his line of credit at his bank, but wants to add two more trucks to his line.

Slide 46: Meet Bob. Bob has maxed out his line of credit at his bank, but wants to add two more trucks to his line. The RTS Sales team call Bob. Bob likes what he hears, especially RTS’ customer service, credit product and their EFS fuel card.

Slide 47: Because Bob decides to be an RTS Financial customer, Travis gets a nice referral bonus.

Slide 48: Because Bob decides to be an RTS Financial customer, Travis gets a nice referral bonus. And will get that bonus every month as long as Bob is an RTS client.

Slide 49: Why RTS Financial?

Slide 50: Why RTS Financial? • 90 - 95% advances on receivables • Same day freight bill funding • Competitive rates • Free unlimited access to RTS Credit Service • Fuel card program with EFS • Up to 90-day recourse. • No minimums/monthly fees/per invoice fee/set up fees.

Slide 51: Contact Us Today! Call Meg or Ryan at 800/383-5231