Factoring is taking a company’s greatest asset, their account receivables, giving them 80% or more cash advance upfront, managing the collecting and protecting them from non-payment.
Do you have receivables? Do you know how you can benefit from getting cash upfront and not having to wait 30, 60 or 90 days? You might be able to get supplier discounts or increase your sales by offering open terms! You will have professional collections and detailed online management reporting allowing you to focus on your core business and delegate your resources to higher valued activities. Coface will take on the risk, protecting you from non-payment, you keep a clean financial statement and you never have to worry about writing off bad debt. These are some of the ways you can make money, save money and save time with Factoring.