Steps to get Accounts Receivable factoring
Accounts receivables factoring is a form of asset-financing in which the lending company uses their invoice receivables to generate money from the factoring company in a financing agreement. So, if you are planning to generate money from Accounts receivables factoring then there are steps that needs to be followed.
The first step is to generate invoice generation once the product is sold to a customer and the expected time-period for receiving payments in the next 30-90 days. Once the invoices are generated, the company sells them to a receivable factoring company with 80 -90 percent of the funds being provided.
This infograophic aims at educating business owners regarding the steps that are needed to generate finance from asset factoring companies.
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