Factoring Services: Understanding How Factoring Helps Businesses...

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2024-06-19 12:00:48 -

Factoring Services: Understanding How Factoring Helps Businesses Manage Cash Flow

What is Factoring? The core function of factoring is helping businesses sell their outstanding invoices to a third party, known as a factoring company, at a discounted price in exchange for immediate cash flow. When a business factors their invoices, they sell the rights to future payments from customers to the factoring company in return for an upfront percentage of the total invoice amount....

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