Invoice Factoring
What is Invoice Factoring? Invoice factoring is when a business sells its customer invoices as well as out sources the administration and debt management of its sales ledger to a finance company. This method has benefits for you and your business. It frees up your time to concentrate on more productive issues instead of spending your time chasing payments. You can also reduce administration overheads and it's a better option than arranging an overdraft with your bank. As your company grows, so does the available funding. You don't even need to negotiate new terms.