What is invoice factoring?
Through invoice factoring, you can unlock debts due to you in outstanding invoices before your customer pays you. The invoice finance provider, or “factor” purchases the invoices from you and deals with the collection of them.
There is an increasing number of online invoice factoring platforms but they don’t always present as such. These providers link their software to your accounting system so it is more convenient for you to sell them invoices, and so they can monitor the operation of the facility.
What is invoice factoring? Ask the experts
If you have queries about the how your factoring facility will operate, or concerns about its day-to-day operation, we are the experts and are here to help. Contact us now for sound and sensible advice whether you’re about to start an invoice factoring facility, or the invoice factoring facility is ongoing. We are industry experts here to help.