Factoring Services for account receivables


R

Robert Andrews

Years ago, factoring was only common in the textiles industries as a means
to create steady cash flow with account receivables where slow payers or
extended terms caused a cash crunch. Lately factoring services have sprung
up everywhere offering factoring financial services for business ARs for any
manufacturer or service company, especially in the IT and medical fields.
Has anyone used factoring services with their business ARs to improve cash
flow? Who did you work with? Has this approach worked out for you?
 
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