The purchasing of accounts receivable (invoices) is generally known
as factoring. Businesses can sell their invoices to companies known
as factors. Although not all business are familiar with factoring,
historians claim that factoring dates back to the ancient Roman
civilization making it one of the world’s oldest methods of finance.
In the past, merchants used factoring to settle their trade debts
among each other. Fast forward to today’s businesses profiles and it
is apparent that factoring is still a very viable business tool for
businesses all types and sizes. Can factoring work for your
business? Consider the following benefits:
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