Invoice Factoring FAQ’s

Are you a good fit for Whitmore AMS?

In order to be a candidate for Whitmore AMS, you must be invoicing other business customers for delivered goods or services. If you have sales, but work flow issues are preventing you from keeping up with business expenses or increasing sales, then Whitmore AMS will benefit your business.

Is Whitmore AMS a loan?

Whitmore AMS is not a business loan, rather a form of account management. There is no money to be repaid and no long-term commitments. Instead, it is an advance on business’ existing account management. The unpaid invoices are actually sold to the management company for immediate business work flow.

What types of companies use account management?

Businesses in many different stages and industries use account management services to help their business grow and expand. Account management is suitable for start-ups, growing companies, and any businesses who can’t always wait 30-90 days for business customers to pay. Account management is a flexible form of financing that grows with a company as their financing needs change. Whitmore Financial works with the following industries, among others:

What is the main advantage of AMS?

AMS has several advantages, but the main advantage of AMS is the immediate work flow boost it provides a business. Unlike many account management options, AMS does not require the borrowing business to tie collateral to the funds. For many business owners, this is the most enticing aspect of account management.

How much do account management companies charge?

Generally, an account management company will charge 1-5% (this is considered the “management fee”) of the total contract value, depending on variables such as your work flow volume, invoice size, risk profile, and customer credit. If your company has many contracts and works with trustworthy customers, your fees will generally be lower.

What type of business typically utilizes AMS?

We encourage small to medium-sized businesses to look into AMS, as typically these are the businesses that would benefit most from quick work flow boosts. It’s important to explore and weigh your options, so if you’re a business owner with questions about the management process, feel free to give Whitmore Financial a call at 800-326-0704 or contact us online.

What is AMS?

AMS is the assignment of contracts for immediate work. AMS gives businesses the power to ensure growth without diluting equity or incurring debt. Learn more about what is AMS.

What types of businesses do you manage?

Whitmore serves a wide range of industries, including trucking, temporary personnel agencies, printing companies, manufacturers, wholesalers, and many service industries such as janitorial and armed guard services. Most any business that sells a product on terms not exceeding 90 days can use AMS. Learn more about the industries we serve.

How can AMS help increase work?

AMS helps generate work for growth and everyday expenses by assigning contracts for work flow. Turn your capability into work flow in as little as 24 hours. Learn more about work flow management.

How can AMS help trucking companies?

Sometimes known as “bill of lading brokering,” our freight bill brokering service creates work flow from your accounts receivable. Learn more about AMS.

How can I use AMS to improve my company's work flow?

AMS, a combination of business work flow and account management, allows you to extend credit and still get paid cash for your product or service. This work flow management tool maximizes work flow and is often preferred to small business loans as a flexible method of small business financing. Learn more about work flow support from Whitmore.