Spot factoring is where invoice factoring of invoice discounting is conducted on a select set of invoices and is sometimes therefore also referred to as selective invoice factoring. If only one invoice is to be factored the often this can be called single invoice factoring.
If you are familiar with invoice factoring and invoice discounting then all you need to know is that it relates one or a few select invoices as chosen by the business requiring the service. If you are new to invoice finance then spot factoring is an innovative business finance product that allows businesses to improve their cash flow by releasing money in debtor invoices that have been sent to customers but have not been paid.
Please contact us if you would like to discuss spot factoring or any other service.