- 07 Dec
54% Of Businesses Think Factoring Improves Speed Of Debtor Payments
Around this time of year payment delays can occur and many businesses are experiencing a slow down in their cash flow. Factoring can help improve cash flow by making available immediate payments against invoices and by providing a credit control service.
In some cases clients are cautious about using an outsourced credit control service as they are worried about whether it will affect their current debtor turn (a measure of the speed at which debtors or customers pay).
Our recent research, amongst 100 SME businesses found that 54% of businesses thought that using a factoring service would improve the speed with which debtors paid.