What is Invoice Factoring
Invoice factoring is foremost a method by which businesses can release money owed to them by their customers to improve cash flow. Businesses via invoice factoring can receive a percentage of the value of their invoices from the funder providing the invoice factoring service as soon as the invoices are raised.
Invoice factoring allows a business to maintain a better cashflow by being paid for the invoices almost immediately rather than waiting for the customer to pay their invoice. This can benefit the company as it can allow them to use the improved cashflow to grow their business by investing the money elsewhere whilst normally it would be tied-up.
If you think you company would benefit from invoice factoring please get in touch and we would be happy to discuss your individual needs and provide quotes from recognised invoice factoring companies should you wish.