Still running after the money after the work is done? That's tedious and causes problems. Because if too many customers don't pay their bills, liquidity bottlenecks arise. In addition, it costs time to write reminders or even to call customers who are unwilling to pay. If this applies to your business, then factoring can be a good solution for you, because:
Is there a catch to factoring?
Of course, such good solutions as factoring are not free. Depending on the provider and conditions, the costs vary:
One of our customers gave us the following tip: "Generally, I process almost all my invoices with factoring. Before, we had so many outstanding invoices that I always had to look when we had large outlays. With factoring, that has changed. We get the money in our account within a few days. It costs us three percent of the invoice amount. Of course, if I have a large invoice and know the customer or client will pay promptly, I send it directly and save the factoring fees."
And this is how you find the right factoring provider
There are different providers and types of factoring. We recommend that you pay attention to the following points when looking for the right provider for you: