Working Capital: Accounts Receivable Factoring Allows Businesses To Tap Funds
Now, many small to mid-sized businesses have a lot of potential funds, but it sits dormant for 30 to 90 days or more in the form of outstanding invoices. Tapping into this resource, your accounts receivables, sooner helps increase cash flow, significantly reduce the number of Days Sales Outstanding and allows for enhanced financial performance and sustainable growth. Most small and mid-sized businesses have about 60 percent of their working capital tied up in accounts receivable. That is a lot of potential working capital that could be put to use today for funding growth.