Why should companies finance their sales ledger and partner with factoring companies?
Besides providing additional working capital, Platinum, a UK London invoice factoring company, offers many additional benefits/advantages for a company participating in invoice factoring, including: • Taking advantage of volume discounts and early payment discounts • Purchasing additional inventory through the increase in working capital afford by invoice factoring • Reducing bad debt and improving credit rating • Outsourcing sales ledger management, also referred to as accounts receivable management, which includes credit checking and collections • Increasing advertising and marketing efforts • Financing seasonal needs or securing larger orders through the financial security that comes along with invoice factoring • Offering extended credit terms to its clients • Keeping fixed assets unencumbered • Retaining equity, as invoice factoring leaves the balance sheet unchanged • Meeting increased sales demands without having to worry about restrictions of conventional lines of credit.
Related Questions
- Who may need Platinum’s debt factoring services, including, but not limited to, sales ledger finance and sales ledger management?
- Why should companies finance their accounts receivable and partner with factoring companies?
- Why should companies finance their sales ledger and partner with factoring companies?
