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Invoice Factoring Guide |
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Disadvantages
- Costs money: Service charge and
interest charge need to be compared with the cost
of fulfilling these tasks by yourself and funding
your cash needs through traditional banking facilities.
You need to think about whether the cost of factoring
the debt outweighs the cost of allowing your own company
to handle the money owed.
- Factoring service is disclosed to your customers.
It is therefore very important that your factoring
company helps you build a long term customer relationship
by collecting the invoices in the same courteous and
diplomatic manner you would.
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Invoice
Factoring Guide
