Most factoring companies verify your invoices before depositing the advance into your bank account. Factors verify invoices to ensure they are accurate and don’t have any problems. This article explains the processes that factoring companies use to verify invoices. It covers: Why are invoices verified? Verification methods Customer impact What happens if there is a […]
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The Due Diligence Process in Factoring
Due diligence is the process of reviewing a client’s information to determine if they are a good candidate for factoring financing. One of the advantages of factoring is that the due diligence process is simpler and faster than the process for other solutions. This article covers: Basic due diligence How are accounts receivable secured? Contract […]