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The oil and gas industry provides products and services used by every business sector. For oil field distributors, contractors, wellhead fabricators, delivery businesses, suppliers, and more, the one thing that keeps the oil and gas industry moving is cash flow. However, when invoices are issued with staggered schedules of 30, 60, or even 90 days, waiting on payments can place a strain on cash flow.
When there are gaps in revenue due to unpaid invoices, businesses in the oil and gas industry turn to a factoring company that understands their needs. Rieh Financial provides comprehensive oil and gas accounts receivable factoring services to improve cash flow, correct cash flow issues, and prevent revenue disruptions in the future. Learn more about how invoice factoring works here.
Even if sales and production are high in the oil and gas industry, cash flow problems can arise. Staggered payment schedules result in oil and gas businesses waiting 30 days or longer before they see revenue. Cash flow can go from a stream to a trickle, causing uneven revenue cycles that can result in decreased productivity.
Rieh Financial prevents cash flow issues by providing the most comprehensive accounts receivable financing for the oil and gas industry. Accounts receivable financing, or invoice factoring, from Rieh Financial offers fast turnaround, so businesses in the oil and gas industry can access funds from their factored invoices within 24 hours. Our oil and gas factoring services feature:
No one likes to wait for payments from invoices. Similarly, no one likes getting tied up in contracts and hidden fees. Accounts receivable financing from Rieh Financial is designed to be both accessible and flexible. Our Oil and gas factoring services provide fast access to capital, plus they get to choose which invoices or parts of invoices we factor.
Additionally, there are no long-term contracts or hidden fees associated with our factoring services. We are committed to providing the most comprehensive and transparent accounts receivable factoring services designed for the oil and gas industry. By factoring invoices with Rieh Financial, oil and gas businesses will be able to:
If you own a business in the oil and gas industry, contact the team at Rieh Financial. Our team will work with you to understand your needs so we can get you up and running quickly with our oilfield and gas factoring services, so you can accelerate your cash flow.
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