What are the advantages of factoring?
Factoring has the following advantages:
➤⠀term payment➡ immediate liquidity
➤⠀ you havehigher sales ➡ you have higher receivables ➡ you get higher financing
➤⠀providecommercial advantages to your customers ➡ longer payment terms
➤⠀ paysuppliers faster ➡ get discounts
➤⠀⠀assess your customer portfolio ➡ build your sales strategy
➤⠀you havenon-payment risk insurance on factoring without recourse ➡ you eliminate losses from bad debts or bad debtors
➤⠀bettercollection ➡faster receipts ➡lower financing costs
➤⠀aireceivables management ➡ save on staff and administrative costs
➤⠀financing without collateral
➤⠀self-reimbursable facility
➤⠀factoringwithout regression => off-balance sheet financing ➡ balance sheet cosmetisation ➡ rating improvement
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