When setting up what and how a company operates, try and keep it simple. When we get called into a factoring situation and the terms of sale are a convoluted mess, it makes it difficult to factor invoices.
This includes sales credits given, odd delivery arrangements, trade offs, selling through intermediaries or problems getting an acknowledgement from an account debtor. All or some of these problems can create a time lag to funding or even a complete roadblock.
There are some business owners who have a thorough understanding of whatever it is the company does but have a less than good idea about how best to run the business. This is easier when we can help implement terms on a deal rather than having to work around the results of bad decision making. At it’s core, accounts receivable factoring is a really easy to understand method of business financing.