Invoice Factoring Provides Much-Needed Cash Flow For Companies

Invoice factoring is the practice of selling the interest in receivables or invoices to a third-party, or "factor," at a discount. By factoring receivables a company can leverage the value of its receivables by collecting the funds from the factor well in advance of the payment by its customers. Factoring receivables allows a company to reduce payment turnaround by 30-45 days. Read more...