By releasing the cash owed to you in unpaid invoices, it will give you the benefit of improved cash flow, the advantage of supplier discounts, and will enable you to be able to negotiate better credit terms with improved credit rating. Factoring fees are tax deductible.
Receive 80% of your debtor payments within 24 to 48 hours after submitting the invoices. In most cases, real estate security is not required.
In the instance of factoring, the financier assumes responsibility for debtor collections and accounting.
Invoice discounting debtor collections and accounting remain the responsibility of the client – the KEY BENEFIT of this is that the arrangements will remain confidential or undisclosed.
