What is factoring?
Factoring is a transaction whereby a business transfers accounts receivable with a view to quickly securing access to a cash advance.
Factoring also offers a collection management service which involves chasing up and recovering amounts due.
The choice is yours; it is a guarantee against a customer’s failure to pay any amount owed.
Why should you choose factoring?
Factoring solutions enable your business to remain competitive on the market. They improve and secure your cash-flow every day, reveal the solvency of your customers in real time, and may, depending on the option you choose, cover you against the outstanding payments of insolvent debtors.
You can improve your relations with customers as you no longer have to deal with unreliable parties. Advantages:
- optimise your cash account and the management of your accounts receivable
- quick and easy access to finance within 72 hours of issuing invoices
- flexibility in the use of funds available to pay your creditors and/or obtain more favourable conditions