Factoring involves a factoring company buying your accounts receivable from goods or services delivered and making an advance payment on the outstanding balance.  Factoring can be used across many sectors including the service industry, production or the building industry.

Few companies know that factoring contracts offer a broad spectrum of individual scope for configuration.  Depending on your requirements, the factoring company can take over a particular service for you – from accounts receivable accounting right though to dunning or debt recovery.  The form of contract is really about matching the existing potential to each individual requirement – from window dressing and maturity factoring through to selective factoring.