Factoring is the sale of a company’s accounts receivable invoices to a factor to obtain working capital; this is also known as receivables factoring, invoice factoring, bill factoring, accounts receivable factoring, accounts receivable funding and invoice discounting. It is an popular method of financing used worldwide to help all types and size of companies.
How does invoice factoring work?
Factoring is a faster way to get access to money you’ve already earned. Instead of waiting weeks or even months to get paid, factor your invoices and get cash in 24 hours.