Alliance One - Invoice Factoring

Alliance One delivered on time with very impressive communication and professionalism. I would highly recommend the team for anyone interested in factoring!
Sep 14th, 2022

My reviews are scored based on experience and to either give referrals or advise "buyer beware". I use reviews a lot before making decisions and hope this serves useful to anyone reading. Alliance one seems to be a decent company on surface. It had decent reviews, and Mr. Divinio (sales rep) was very personable. Once my account was "approved" things went downhill when I was assigned an account manager Mrs. Grignon whom often spoke over me and several of my clients referred to as "obnoxious". Based on my experience i I would have to agree with them. When I first contacted AllianceOne, I clearly communicated the expediency in which I needed Factoring to take place and asked whether or not they could do it in said timeframe. I was assured by my account manager and also the CEO Mr. Albrandi that what I communicated could be done in a timely manner. I will take a moment here to say I was very persistent and consistent in communicating said needs to both my account rep and the CEO, which may have been a turn off causing the deal to fall short. Which I was fine with there are plenty of other factoring companies out there, and I was able to get a deal done in a timely manner with another company. The reason why I advise anyone who considers this company to beware before buying is that professionalism can quickly go out of the window when dealing with this company. As mentioned before I communicated my need for funds because i had urgent payroll liabilities to take care of. This company not only fell short on delivering but they held funds from another company for DAYS. They were aware that had a new factoring facility and that a release was coming from my previous one and still held the money knowing that I had a dire need. On top of that, their ability to hold these funds came from the account manager prematurely reaching out to my clients with a Notice of Assignment before the deal was closed out causing my clients to mail them a check directly. This check was for over $7k which may not be much to them but is a significant amount to me. While I could expound upon my disappointment with this company, I will simply leave it at Buyer Beware, and if you do go forward and things go awry "I told you so".
Jul 1st, 2022

Alliance One literally saved my staffing business in March of 2020 when we had a client that was refusing to pay us. That (now former) client thought we were sending them to collections after getting a call and email from Alliance One and sent us a check for $36,000 to pay all outstanding invoices. Alliance didn't charge us a dime for that (and I was hooked!). Since then we have regularly factored our invoices with Alliance One on a weekly basis. While we have paid a substantial amount in factoring fees the last 2 years it is simply money well spent to avoid the heartache of carrying other company's debts. We have experienced exponential growth, we have the flexibility to take on large projects that were unthinkable when we started. As of late it's turned into a competitive advantage because no matter what our invoices need to be accurate and approved by our clients which is a huge help to an HR department if they're ever audited because Alliance One's documenting process required for funding means there's always a paper trail. Our company clients have referred employees to us on purpose because we have a meticulous payroll process that reflects our invoicing practices. The biggest challenge with a growing business is the fiscal squeeze felt as it grows because there is a constant need for more money to cover the various expenses associated with growth (taxes, supplies, advertising, etc.) Dave and his team have been incredibly flexible with me and have fully met my needs whenever I've felt pinched. We have had an excellent experience with Dave, Jaime, and the team and would highly recommend them for any factoring or accounts receivable needs your company may have.
Jan 27th, 2022

My company has been factoring my invoices with Alliance One LLC for over 10 years, they are a fantastic company. I recommend them at every opportunity that I get. My company is payroll heavy, without Alliance One, I would not be able to pay my staff. A big thank you to Dave and the Team at Alliance!
Sep 13th, 2021

I have not complaints, I am very happy with Alliance One. My account reps are great, I get paid when I am supposed to, there are no hidden fees and process is really simple. Sure it costs money to factor, without them I wouldnt be able to grow my business.
Jun 29th, 2020