Factoring Price Guide
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Benefits of Factoring Receivables
Your company can especially benefit from factoring if you only sell or factor accounts receivable that are difficult to collect. When you factor accounts receivables, you are in effect outsourcing the collection function to a separate entity. If you have large accounts that require calls, letters, and reminders for payment, factoring can take this hassle off your hands.
Factoring makes sense for businesses that realize the time value of money. A cash payment today, even if its for less than the total invoice value, can actually be worth more than a full invoice payment if it is used to make a short-term investment with a high rate of return. When considering this strategy, make sure that the type of factoring you agree to, your rates, and your terms will allow you to make the most of the opportunity.