Factoring

Factoring

This is a kind of finance in which a business sells its past due receivables. This is a fast payment for goods and services provided. The practice shows that the presence of a third entity, i.e. a factor that is professionally prepared to collect debts increases the discipline of due payments. Taking advantage of factor’s services might be a good solution to lower your own costs of accounting and settlements. Professional factors have trusted accounting systems available which may process an indefinite number of invoices. You may choose from full recourse factoring, non-recourse factoring, full recourse factoring with insurance, reverse factoring, domestic or international factoring.