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Factor Accounts Receivable Company. How a New Kind Of Program Is ...
The difference between factor accounts receivable and other sources of financing is that the factor accounts receivable company actually purchases and tracks commercial invoices. In addition to providing immediate cash on invoices, the factor accounts receivable company performs valuable credit analysis on new and existing customers and conducts professional, routine follow up on invoices as they become due.
For the business manager who spends a good portion of the day collecting, bookkeeping and searching for capital, the entire factor accounts receivable package offers peace of mind. The manager can actually focus on important aspects of the business that are often pushed aside, such as marketing and production.
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