Factoring is a complex package of services based on the process of acquiring receivables from the delivery of goods or services. 😉

Basically, it's a flexible and adaptable tool that gives you at least 3 of the following services:

➤⠀administration of claims;

➤⠀ amicable debt collection;

➤⠀taking the risk of your partner's default;

➤⠀pay invoices issued to your partners before the due date (flexible financing).

The parties involved in a factoring contract are:

➤⠀factor (bank);

➤⠀the seller;

➤⠀and the debtor (buyer). 

If you want to find out what they are advantages of factoring and myths that have been created around this conceptwe are waiting for you on BT blog. 😊