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Factoring which is a method of finance
based on the principle applied to
domestic and foreign trade activities
and especially utilized in selling of
goods on the basis of short term due
date by firms involved in credited sales
is the purchasing of rights of their
receivables by factoring companies
incurred in such sales.
Services offered to you by factoring can
be categorized under three main headings:
Receivable Method, Collection Method and
Cash Method. It is possible to utilize
the three methods collectively or
separately. One of the most important
assets of today’s companies is their
sales. What factoring performs is, then,
to activate such asset with the aim of
meeting your company’s need of cash and
growing your businesses. Unlike
conventional financial methods supplied
by means of banks, financial power and
credibility of your customers with whom
you involve in sales activities are
taken into consideration in factoring
activities.
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