Debt Factoring
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Debt Factoring
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About this listen
The episode explains debt factoring, a financial service where a company sells its outstanding invoices to a third party (a factor) at a discount for immediate cash. This improves cash flow and saves time, but involves costs, reduced control, and may not suit all businesses. The article details the process, benefits, drawbacks, and factors to consider before using debt factoring. It also highlights other related services offered by Corporate Debt Recovery Limited.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.