What is factoring?
Accounts receivable financing, also known as factoring, is a
powerful financial tool that has fueled the growth and success of a
number of companies.
Factoring enables companies to capitalize on their unpaid
receivables by selling them to a factoring company for immediate
payment. With factoring, companies
immediately get paid for their invoiced work from the factoring
finance company, while the factoring company waits to be paid by the
customers. Factoring strengthens a business' cash position by shortening the time to get invoices paid to 48 hours and providing the needed funds to meet
current expenses and target new opportunities.
No comments:
Post a Comment