AR or Accounts receivable factoring is typically a way for business owners to get funds to keep their business in the running position. This provides them the peace of mind as they know that they will get paid without having to delay their official tasks.
When a vendor places an order, our leading factoring company ensures that the vendor is creditworthy to pay for that order. We check and keep records of all the transactions or payments and collect the same from the vendors without having to involve you.
In case, the vendor comes in a state of bankruptcy, we at Factoring Fast will still pay you back the full undisputed amount that you are owed.
Generally, we would purchase your receivables, provide you the immediate cash for each invoice. After this, the factor would collect the invoice amount from the customer and you get the remaining amount that was not advanced less a small factoring fee. Usually, factoring companies will pay you between nearly 80-90% instant cash on receivables so that your business related work does not get delayed due to lack of funds. However, at factoringfast.com, you can expect to receive up to 95% of funds your clients owe you on open invoices.
If you are a business owner, you need predictable cash flow whether you have recently opened your business or you are a seasoned successful business. When a client makes delays in payment, it can hamper the growth of your organization. However, we at Factoring Fast will act as your business partner by providing you quick and reliable cash for invoices. Our accounts receivables service is very effective, reliable and fast unlike traditional forms of working capital that is not easily available to various small sized businesses.
When your firm is in need of immediate funds, our factoring services can help meet those short term cash requirements in less than one business day.
There are hundreds of distributors, manufacturers, importers and exporters, service providers and trucking companies, that are boosting cash flow with the help of factoring services.
Here are some of the major benefits of accounts receivables factoring: