Pros And Cons Of Accounts Receivable Factoring
It is never easy for companies to deal with customers who do not honor their commitment or, in other words, that do not pay their bills. It is when the collection process surpasses your installed capacity that most companies decide to resort to external help. Accounts Receivable Factoring is a form of financing that allows companies to receive benefits from saving money on the collection of accounts receivables This money comes from not having to dedicate an entire department to the collection of customers commitments. Accounts Receivable Factoring reduces the cost that non-paying customers represent to the company. Factoring can quickly mobilize resources and bring more working capital to your company with little or no delay costs.