Difference between revisions of "Factoring"

Latest revision as of 01:34, 22 August 2020

Accounts Receivable Factoring is a financial service involving the conversion of credit bills into cash. The Factor assesses the risk of the list of Buyers, their credit rating, amounts and aging and other terms, and develops an factoring proposal. Upon acceptance the Seller transfers all rights to the Factor. The Factor will pay in cash up to 80-90% of the amount due, less commission. The Seller writes of the balance as uncollectible or similar.

Factoring services include:

Purchase of book debts and receivables
Administration of sales ledger for clients
Prepayments of debts (partial or full)
Collections of debts or receivables
Cover credit risk of the suppliers
Buy/sell book debts of customers without recourse

Community Importance Rating:

0.00

(0 votes)

Process(es)

ID	Name	Level	x
D105	Invoice	3	D105
D205	Invoice	3	D205
D306	Invoice	3	D306

Term(s)

ID	Name	Clear	x
AR	Accounts Receivable		AR

Accounts Receivable Factoring 0 0 {{{keywords}}} {{{description}}}

Accounts Receivable

Revision As Of 03:21, 5 October 2017 (View Source) Orwiki (talk \| contribs) m (1 revision imported)	Latest Revision As Of 01:34, 22 August 2020 (View Source) Orwiki (talk \| contribs) m (1 revision imported)
(No difference)