Generating Cash Flow
There is no acid test to determine when exactly to start calling a "receivable" a "debt." What you
do know is that at some point every debt starts to cost you money as you hold the paper longer and
expend more effort in attempting to collect. And of course there is the potential for losing the
goodwill of your customer or injuring the image of your brand.
Many firms have seen the wisdom of selling their receivable to a third-party organization as a way of
generating immediate cash flow from hard-to-collect accounts. It can help them accommodate short-term
capital needs, or offer a way to realize the current value of aging write-offs they are not prepared
or equipped to pursue.
The Sunrise Family of Companies has been purchasing debt since 1980 and it has been our professionalism
and the ability to handle both large and small transactions that sets us apart.