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July 28, 2006
Invoice
Invoice factoring, otherwise known as invoice discounting or factoring, is a business strategy by which a company's invoices or receivables can be signed off to an outside company, thereby securing immediate cash. Invoice factoring facilitates easy receipt of money, which otherwise would be available only after a stipulated period. This involves the selling of an account receivable before the account is due, by discounting the account. Invoice factoring is usually resorted to when there is a sudden need for capital. Invoice factoring is also known by the names receivables factoring and debtor financing. Invoice factoring does not require collaterals and is a relatively simple
From Invoice
Posted by Chris at July 28, 2006 03:12 PM
