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Factoring
is a service designed to enable the client to
get immediate payment on his invoices/bills made
against any supply / performance of service, thereby
enhancing his cash flow. There are three distinct
features built into factoring:
1. Financing
2. Sales Ledger administration and reporting
3. Collection
Benefits
of Factoring is that the client can obtain upfront
financing against credit sales, which strengthens
his cash flow by releasing the working capital
stuck up with the credit sales. This leads to
faster growth, greater turnover and more net profit.
This is a more comprehensive mode of financial
service rather than mere financing. Our follow
up of collection contributes to improvement in
the client's overall collection performance. Our
customer assessment enables the client to choose
credible customers and fix safe credit limits
which substantially improves credit administration.
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