Factoring offers a variety of advantages for the customers. 5. short-term sales financing of the so-called factor buys the factoring customer’s claim. Factoring is used for the short-term financing of the sales. Often, the subsidiary of a bank occurs as a factor. So to the factoring, a copy of the invoice is based on. Video: Advantages and process of factoring in the 6th company credit checks of the customer we undertake for you the customer management.
Thus, you delete a costly work area in your company. Thus aims to further financial and entrepreneurial freedom, which you need for your core business. 7. the acquisition of complete accounts receivable by the factoring service providers include the management of accounts receivable and receivables, the Dunning and collection nature including legal prosecution, permanent credit control of accounts receivable, account statement messages at each transaction and the preparation of monthly journals for use tax. Thus, necessary additional financial and entrepreneurial freedom are created, which can be used for the core business and A customer.
With a few reservations, the accounting is updated on the basis of the monthly journals. 8 own resources be relieved and can be used otherwise the own resources of the factoring clients are relieved and can be used differently. Outsourcing, for example, in the way of factoring Receivables Management will be achieved through which a significant increase in efficiency. This is done for example in many dental practices. The own resources are therefore conserved and are fully available for fee effective activities. 9 improving and increasing of liquidity are often used limits the growth of a company, particularly due to the lack of liquidity. The SME finance group’s factoring options help you with the purchase of goods and raw materials, as well as on the sale of your products and services, to increase the liquidity of the company. Conclusion: you increase your liquidity by factoring, sustainably increase the growth of your company with more liquidity.