Companies that are growing in sales and their customers ask for payment terms. If your company has a product or service that needs to be sold giving payment terms, there is no tool better for you than using factoring.
Factoring can be used by almost any company which gives payment terms instead of receiving immediate cash for the products it sells. Companies use factoring to supply the cash needed to expand operations or maintain a current level of production without sacrificing other areas of the business. Selling Invoices (factoring) provides a quick and easy way of receiving cash.