How does Invoice Factoring & WIP Funding work together?
Typically a Purchase Order Finance or Work in Process Finance Company will want to pay by an Accounts Receivable Company or Invoice Factoring Firm. This gives the PO Funder and their client the safety of both credit protection and Accounts Receivable Management. There are factors that have both been and worked with Accounts Receivable Invoice Factoring Companies. These factors know what is essential to both you as a client and them.
Some of the features and strengths factors look for in an Accounts Receivable Invoice Factoring Company are:
- Credit Insurance
- Direct Industry Experience
- Strong Balance Sheet
- Time in Business
- Win-Win-Win Attitude
- Experience working with a Purchase Order Finance Company