The risk that businesses most often face is certainly that of being unable to make collections.
When you work with Fiba Factoring and its strong financial resources and corporate structure, you can eliminate this risk by taking advantage of guarantee services.
The financing that you receive by assigning your receivables through a factoring company regularizes your business’s cash flow, increases the working capital you can create, and makes your balance sheet more liquid.
By the reliable information about a buyer’s credit worthiness, financial strength, and market reputation, you can minimize your collection risks while developing a high-quality customer portfolio of your own.
In business, wasted time is a luxury no one can afford. Investigating a customer’s credit record, managing and making collections, handling credit procedures… They all take time–time which you save by taking advantage of factoring services and which you can put to better use by developing business plans and creating competitive advantages for your own business.
Factoring reduces your bookkeeping costs and your overhead expenses. Factoring allows you to make cash payments to your suppliers, which means you can take advantage of discounts and reduce your production costs.
Factoring makes it possible for a business to finance its operations from its own receivables. Your average collection time will be lowered as will your commercial payables, which means that your company’s financial structure will be stronger. You can use your company’s own resources to finance its own needs and increase its business.