- FAQ's Introduction
- How does factoring differ from Invoice Discounting?
- What effect will using factoring have on my business?
- What effect will it have on my bank?
- Does it increase Administration?
- Will it work for my type of business?
- What happens if sales drop?
- What about a Seasonal business?
- Is there a minimum time I must contract to a funder?
- How much does it cost?
Invoice Financing/Factoring - Does it increase Administration?
There is more work in invoice discounting than factoring but normally this is easily absorbed into the workload of existing accounts staff. The funder needs to be kept up-to-date with a company's performance and many prefer transactions to be electronic using computer systems and direct modem links. A computerised system is essential.
