Main advantages, provided by factoring transaction for your firm are;
- You can increase your power of competition by presenting more suitable conditions of sales for your customers and enlarge your business volume thanks to the source, which you obtain by factoring.
- You can benefit from your supplier's facilities of prepayment discount thanks to the source to be obtained by collecting your receivable, arising from credited sales before its term.
- It solves your problem of cash shortage without necessity to use bank credit and you can affect your liquidity positively.
- It is undertaken the pursuit of collection of your check and promissory notes, belonging to the customer besides the invoice.
- Your receivables and commercial debts decrease and your liquid capital increases. Your balance has become liquid.
- Factoring transaction causes an action only in the assets part of your balance sheet. Receivables, stock and commercial debts decrease and liquid capital, to be created by the enterprise, increases. Your balance has become more liquid and creditability of the enterprise increases.
- You can spend more time for required subjects such as marketing and investment for the development of enterprise by transferring the subjects such as collection, funding to Factoring company.
- You spend important part of your time for management and development of your business and you spend less time for collection and management of financing. Since transactions such as collection, pursuit and accounting of the receivables, shall be performed by factoring company, you can spend more time for increasing your sales and production.
- Factoring company releases you from an important load by making legal and managerial pursuits concerning overdue payments.
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