Invoice Factoring Advantages
- Invoice factoring frees up cash that is tied up in your debtor book.
- It can smooth the cashflow for your business.
- Invoice factoring allows you to outsource the credit control function of your business. This allows more of your time to be focussed on growing your business.
- If you opt for a non recourse factoring facility you can protect your company against bad debts.
- An invoice factoring facility will grow in line with the sales of your business.
- Invoice factoring is readily available to any business selling to other businesses on credit terms. It is suitable for new start businesses and can also help businesses with previous bad credit history.
- In terms of administration it is easier to operate than an invoice discounting facility
