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Factoring

Supplier: AR Cash Flow

Streamline your cash flow with factoring by turning your customers into COD payers.

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Factoring is primarily used for growing businesses and does not involve debt. In a nutshell factoring works as follows:

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The supplier delivers finished products or performs services to its customer (who usually takes 30-60 days to pay).
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The supplier then sends the invoice to the factoring company for instant payment.
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The factoring provider then gives the supplier the money for the invoice straight away (usually up to 80% of the face value).
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The factoring company takes that invoice and hands it to the supplier’s customer.
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The customer then pays the factoring company.
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The factoring company then pays the supplier the balance of the invoice less a small fee for providing the service.

Usually, the only security the factoring company has is the invoice.

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