Calculator Comparing Factoring Benefits With Bank Overdraft
We have a new spreadsheet calculator on the site - one that allows you to compare the cost benefits of using factoring with using a traditional bank overdraft. The calculator ensures that you take into account all the financial benefits of funding against invoices, with the addition of credit control that are often missed when making the comparison. So often we see customers compare facilities based on the interest rate only, which is a fraction of the overall cost benefit case.
The calculator takes into consideration factoring benefits such as:
- Phone costs
- Credit controller employment costs
- Supplier discounts
The model above will set out a clear comparison of factoring with overdraft.
Posted: 1st of May 2014