When is factoring useful?
Factoring is useful when:
- You have clients who request long payment terms.
- Hai accesso a limmediate liquidation by fast collection of invoices
- Digitized process through the platform BT WEB Factoring
- Do you want to increase your sales without blocking cash flow.
- You can make quick payments to suppliers and thus obtain commercial discounts
- You can gain an advantage over the competition by offering extended payment terms to clients
- You need working capital without incurring additional debt.
- Factoring offers you access to flexible financing – correlated with the volume of receivables you have to collect
- Reducing financing costs through early access to funds
- You can use the money as you need, for orders, purchases or other expenses
- No real guarantees, immovable property or equipment are not required
- You want protection against the risk of non-payment.
- Non-payment risk insurance (in case of non-recourse products)
- You save time and resources by collecting and managing receivables by BT
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