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Invoice Factoring Guide |
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Advantages
- Instant Cash. 80-90% of your issued
invoices are prepaid within 24 hours. This is obviously
a major advantage, as sometimes it can take months
for invoices to be settled, but this way you will
receive a massive percentage of the owed money almost
instantly.
- Sales ledger management and debt collection.
The factoring company does it for you. This saves
time, resources and money, and allows you and your
staff to be concentrating on expanding the business
and improving its effectiveness, rather than concentrating
on collecting outstanding debts.
- Factoring rivals and often replaces the
traditional bank overdraft. In addition to
all the credit management services, a factoring facility
grows with the business and does not need renegotiating
every time an increase is required.
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Invoice
Factoring Guide
