Benefits of factoring
Factoring helps to:
- Accelerate the receivables turn-around-time which reduces your book keeping costs and your overhead expenses,
- Streamline receivable processes
- Enhance liquidity and operational efficiencies
- Make cash payments to your suppliers to take advantage of discounts and reduce your production costs supporting working-capital requirements and improving cash-flow
Factoring makes it possible for a business to finance its operations from its own receivables.
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