http://www.calvertonfinance.co.uk – Q: What are the benefits of invoice factoring?
A: The main benefit is peace of mind:
– You do not have to worry about having enough funds to pay suppliers, people, etc…
– You have the peace of mind offered by effectively having your own credit control department experienced in credit checking clients and chasing invoices.
– It also means that you can separate sales and collections.
It can also have other benefits;
– You may be able to negotiate settlement discounts for early payment to your suppliers.