Wednesday, 20 February 2013

The Secrets of Invoice Factoring Service

The survival of your business depends on continued cash flow. How would you maintain the flow when you cannot meet your operational expenses? Worse, what if the accounts payable bogs you down, your customers are slow and there are delays in accounts receivable?

Invoice factoring service can help you beyond your expectation. You sell your accounts receivable to a factor and get cash in less than 24 hours. You would receive nearly 80 per cent to 90 per cent of your invoice’s value. You would not even get into debt because this is clearly not a loan. It is one of the most effective financing solutions in Vancouver. Invoice factoring service can help grow your business while allowing making savings that can easily cover the affordable costs and fees of the service.
This service does not have anything to do with your credit record. Rather, the factor would check the credit worthiness of your customers. Then, you can negotiate more, improve your credit rating and raise more cash for further investment, while managing your payroll systems and taxes efficiently. Besides, you can go for this factoring solution, only depending on your requirement. There is no restriction nor is it a long-term solution. In short, you get what you pay for!

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