Stay up-to-date on freight fintech insights and stay ahead
How accounts receivable factoring can enhance your small business’s cash flow
BlueXFinTechBlogMar 20, 2023
Waiting for payments can be challenging, especially if your business is growing quickly and you have inventories sitting in your warehouse. This article will walk you through how A/R factoring works, the different kinds available, and which businesses are most likely to benefit from this approach.
Small businesses can improve cash flow in 2023 using these approaches
BlueXFinTechBlogFeb 21, 2023
Being financially agile and open to new technology can help businesses not just sustain their cash flow, but also enhance it. There are several practical and technological methods that companies can adopt to maintain a healthy working capital. For example, BlueX can assist with inventory financing. Unlike other lenders, BlueX doesn't require an assessment of the inventory's liquidation value or a minimum amount to access financing. Additionally, BlueX offers a third alternative to small businesses with its B2B Pay-it-Later solution, providing fast access to up to $1 million for cargo and logistics service needs. Businesses can get approved in less than 48 hours and have up to 60 days to pay back their invoices, with no application or setup fees. BlueX also pays vendors on time, allowing businesses to focus on growth instead of worrying about cash flow.
[White Paper] How Fintech Can Help Small Businesses Navigate Rising Inflation & Interest Rates
BlueXFinTechBlogFeb 08, 2023
In 2022, the costs of inflation and rising interest rates along with the labor shortages weighed down small businesses in every area. As a fintech company dedicated to developing alternative financing options for small businesses, BlueX has built payment platforms and Pay-it-Later solutions specifically for the kind of hurdles you may be facing at this moment. BlueX Pay offers an all-in-one platform designed for growing businesses who want healthier cash flows. BlueX Pay-it-Later offers fast access to up to $1 million for your cargo and all your logistic service needs. You can get approved in less than 48 hours, and have up to 60 days to pay back your invoices. With no application or set up fees, we pay your vendors on time so you can pay later and focus on the goals that drive business growth.
How fintech can help small businesses affected by inflation and rising interest rates
BlueXFinTechBlogJan 17, 2023
With prices rising and interest rates climbing, many small businesses struggling to maintain capital cannot secure aid from traditional financing tools such as bank loans. Thankfully, the fintech sector is sweeping in to give small businesses the opportunity to not only survive but thrive in these uncertain times. BlueX has built payment platforms and Pay-it-Later solutions specifically for the kind of hurdles you may be facing at this moment. BlueX Pay-it-Later offers fast access to up to $1 million for your cargo and all your logistic service needs.
How SMEs can prepare their supply chains for Lunar New Year 2023
BlueXGlobal Supply ChainBlogDec 13, 2022
The Lunar New Year 2023 will start on Sunday, January 22nd and run until the Lantern Festival on Sunday, February 5th. During this time, workers at factories across the country will flood the trains and airports in a mass exodus to return home for the holiday, since for many this is the only time of year that they can see their families. If this is your first year of business operations, prepare for closing factories, skeleton crews at ports and customs, and possibly defective goods. In this article, we will explain the challenges your supply chain will face during the Lunar New Year and help you prepare contingencies for each one.