Five Strategies to Reduce Factoring Costs

When a business is strapped for cash they often turn to factoring accounts receivable as a financing solution.  Of course a factoring company expects to earn a profit on the cash advance and charges a fee for their service. Since the overall goal is improved cash flow, a company considering accounts receivable financing will carefully weigh the benefits against the costs. Here are five ways a business can reduce or offset the cost of factoring and still improve cash flow: … [Read more...]