Advantages of Hiring Virtual Assistant Work

In the era where the technology arises in our daily living, and people spend more time on the internet. Nowadays, it is evidently usual for us to see that people are more engaged on social media platforms and different websites. The buying pattern of the consumers changes rapidly due to technological advancement. People choose to buy things online rather going to shops or malls. With that, all most all the activity become online. The workforce needed in the online work became predominant. Companies are more likely to hire a virtual assistant who can help them to adapt to this change. Here are some advantages of hiring the services of a virtual assistant work.1. VA helps you save money
When you run a company whether big or small, you need to have the equipment to use in your offices like personal computers or laptop. On the other hand having a VA will save you money in buying that because VA provided that for themselves thus, you can use your money on other things that will also benefit your business. Virtual Assistant is usually paid by how many hours they work, so you don’t need to pay them resembling the regular employee you have.

2. VA are flexible
Clients can ask a Virtual assistant to work based on their preferred schedule. Subsequently, VAs can work beyond your business hours because they are in different time zones around the world. Thus, it makes your business available 24/7. If you’re a business owner, it is very advantageous to you since VAs are also skilled and can multitask so it will be an advantage to you as a client who hires them.3. VA would lessen your workload
There are times when you have so much work that needs to be done and hiring a Virtual assistant will be an advantage for you because you can delegate to them the task without compromising the daily operation of your regular employees. If you’re a business owner who had to attend to meetings and other stuff that will require your presence, your virtual assistant might come in handy and will keep the business going making sure everything is well-organized.4. VA are your business partners
Having a virtual assistant is like having a business partner. They work for the success of the company. Virtual assistants are also a business owner and just like any other business they build their online reputation with the clients they work. What the company’s goal is also the VA’s goal.

5. Minimal Supervision
Since VA are independent contractors, you will have a minimum supervision. They are a highly skilled individual who knows what to do to a particular niche. They thoroughly understand your business, so you don’t need to supervise them every other time.There are just some of the many advantages when you hire a VA. Virtual assistant in today’s world of business become a new trend. They are very skilled to their specific niche and can give your business advantages.

Who’s Financing Inventory and Using Purchase Order Finance (P O Finance)? Your Competitors!

It’s time. We’re talking about purchase order finance in Canada, how P O finance works, and how financing inventory and contracts under those purchase orders really works in Canada. And yes, as we said, its time… to get creative with your financing challenges, and we’ll demonstrate how.

And as a starter, being second never really counts, so Canadian business needs to be aware that your competitors are utilizing creative financing and inventory options for the growth and sales and profits, so why shouldn’t your firm?

Canadian business owners and financial managers know that you can have all the new orders and contracts in the world, but if you can’t finance them properly then you’re generally fighting a losing battle to your competitors.

The reason purchase order financing is rising in popularity generally stems from the fact that traditional financing via Canadian banks for inventory and purchase orders is exceptionally, in our opinion, difficult to finance. Where the banks say no is where purchase order financing begins!

It’s important for us to clarify to clients that P O finance is a general concept that might in fact include the financing of the order or contract, the inventory that might be required to fulfill the contract, and the receivable that is generated out of that sale. So it’s clearly an all encompassing strategy.

The additional beauty of P O finance is simply that it gets creative, unlike many traditional types of financing that are routine and formulaic.

It’s all about sitting down with your P O financing partner and discussing how unique your particular needs are. Typically when we sit down with clients this type of financing revolves around the requirements of the supplier, as well as your firm’s customer, and how both of these requirements can be met with timelines and financial guidelines that make sense for all parties.

The key elements of a successful P O finance transaction are a solid non cancelable order, a qualified customer from a credit worth perspective, and specific identification around who pays who and when. It’s as simple as that.

So how does all this work, asks our clients.Lets keep it simple so we can clearly demonstrate the power of this type of financing. Your firm receives an order. The P O financing firm pays your supplier via a cash or letter of credit – with your firm then receiving the goods and fulfilling the order and contract. The P O finance firm takes title to the rights in the purchase order, the inventory they have purchased on your behalf, and the receivable that is generated out of the sale. It’s as simple as that. When you customer pays per the terms of your contract with them the transaction is closed and the purchase order finance firm is paid in full, less their financing charge which is typically in the 2.5-3% per month range in Canada.

In certain cases financing inventory can be arranged purely on a separate basis, but as we have noted, the total sale cycle often relies on the order, the inventory and the receivable being collateralized to make this financing work.

Speak to a credible, trusted and experienced Canadian business financing advisor as to how this type of financing can benefit your firm.