Date Added: Jan 2010
The purchasing of accounts receivable (invoices) is generally known as factoring. Businesses can sell their invoices to companies known as factors. Although not all business are familiar with factoring, historians claim that factoring dates back to the ancient Roman civilization making it one of the world's oldest methods of finance. Factoring provides a company with a continuous working capital, thus increasing their cash flow. Factoring has no limits, offers quick results and it's accessible as well as flexible.