Factoring is a financial transaction whereby a business sells its accounts receivables (i.e. invoices) to a factor for immediate money to finance its day to day operations.
In factoring, the emphasis is on the quality / collectability of the receivables than merely the firm’s credit worthiness.
It is a tripartite agreement between three parties: the seller of goods, the buyer of goods (debtor), and the factor.
Factoring thus not only helps you in expanding your business, but also provides you with an efficient collection mechanism and protection against bad debts.
For open account credit sales of goods and services made within India. Services offered primarily comprise of funding, sales ledger administration and collections.
For open account credit sales of goods and services to overseas buyers. Services offered primarily comprise of funding, credit protection, sales ledger administration and collections.
Enables you to
Instantly turn your receivables to cash
Avail credit protection for your receivables
Take well informed credit decisions
Outsource your sales ledger administration