Actions

Factoring

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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
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Process(es)

IDNameLevelx
D105Invoice3D105
D205Invoice3D205
D306Invoice3D306

Term(s)

IDNameClearx
ARAccounts ReceivableAR
Accounts Receivable Factoring 0 0 {{{keywords}}} {{{description}}}

Accounts Receivable