rts financial factoring

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Meet Travis. Factoring with RTS Financial

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Post on 30-May-2015

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Presentation describing RTS Financial's factoring process.

TRANSCRIPT

Page 1: RTS Financial Factoring

Meet Travis.

Factoring with RTS Financial

Page 2: RTS Financial Factoring

When he started, Travis had 2 trucks.

Page 3: RTS Financial Factoring

When he started, Travis had 2 trucks.

Now Travis has 10 trucks.

Page 4: RTS Financial Factoring

Travis uses brokers for his business.

Page 5: RTS Financial Factoring

Travis uses brokers for his business.

His invoices get paid in about 40 days…

Page 6: RTS Financial Factoring

…but Travis has his own bills to pay.

Page 7: RTS Financial Factoring

…but Travis has his own bills to pay.

truck/trailer payments

Page 8: RTS Financial Factoring

…but Travis has his own bills to pay.

payroll

truck/trailer payments

Page 9: RTS Financial Factoring

…but Travis has his own bills to pay.

payroll

fuel

truck/trailer payments

Page 10: RTS Financial Factoring

…but Travis has his own bills to pay.

payroll

fuel

truck/trailer payments

permits

Page 11: RTS Financial Factoring

…but Travis has his own bills to pay.

insurance

payroll

fuel

truck/trailer payments

permits

Page 12: RTS Financial Factoring

Travis wants to grow his business.

Page 13: RTS Financial Factoring

Travis wants to grow his business.

But with his cash flow tied up in outstanding invoices,

Page 14: RTS Financial Factoring

Travis wants to grow his business.

But with his cash flow tied up in outstanding invoices,

he’s stuck.

Page 15: RTS Financial Factoring

Fortunately, Travis works with RTS Financial.

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Meet Janice.

Page 17: RTS Financial Factoring

Meet Janice.

Janice works for RTS Financial.

Page 18: RTS Financial Factoring

Meet Janice.

Janice works for RTS Financial.

Janice is Travis’ Account Representative.

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To get the capital he needs, Travis sends

Page 20: RTS Financial Factoring

To get the capital he needs, Travis sends

his invoices,

Page 21: RTS Financial Factoring

To get the capital he needs, Travis sends

his invoices,

bills of lading,

Page 22: RTS Financial Factoring

To get the capital he needs, Travis sends

his invoices,

bills of lading,

and rate confirmations

to Janice.

Page 23: RTS Financial Factoring

RTS Financial purchases Travis’ invoices.

Page 24: RTS Financial Factoring

RTS Financial purchases Travis’ invoices.

He receives the money in his account on the same day.

Page 25: RTS Financial Factoring

Today, Travis submitted $10,000 worth of invoices.

Page 26: RTS Financial Factoring

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.

Page 27: RTS Financial Factoring

Now Travis can

Page 28: RTS Financial Factoring

Now Travis can

expand his business

Page 29: RTS Financial Factoring

Now Travis can

expand his business

increase his insurance coverage.

Page 30: RTS Financial Factoring

Now Travis can

expand his business

buy new trucks and trailers

increase his insurance coverage.

Page 31: RTS Financial Factoring

Now Travis can

expand his business

fund his payroll

buy new trucks and trailers

increase his insurance coverage.

Page 32: RTS Financial Factoring

Meanwhile…

Page 33: RTS Financial Factoring

Meanwhile…

Janice mails out Travis’ invoices.

Page 34: RTS Financial Factoring

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.

Page 35: RTS Financial Factoring

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.

Page 36: RTS Financial Factoring

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

Page 37: RTS Financial Factoring

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.

Page 38: RTS Financial Factoring

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.

Page 39: RTS Financial Factoring

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

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

EFS Cards are accepted

at more than 5,000 truckstops.

Page 41: RTS Financial Factoring

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.

Page 42: RTS Financial Factoring

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

Page 43: RTS Financial Factoring

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.

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Meet Bob.

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Meet Bob.

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

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Meet Bob.

The RTS Sales team call Bob. Bob likes what he hears, especially RTS’ customer service, credit product and their EFS fuel card.

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

Page 47: RTS Financial Factoring

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

Page 48: RTS Financial Factoring

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.

Page 49: RTS Financial Factoring

Why RTS Financial?

Page 50: RTS Financial Factoring

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.

Page 51: RTS Financial Factoring

Call Meg or Ryan at 800/383-5231

Contact Us Today!