Invoice Factoring

[Dilz]

If you start using factoring, your clients will think you're in financial difficulties. Avoid at all costs.

 

If you want to get more money in there's no substitute for chasing customers hard. Don't be aggressive -- it's quite possible to chase and be pleasant about it.

 

Alternatively, rather than give 10% to a factoring company, why not offer a 5% discount for customers that settle up within the month? But don't let them take the piss -- the 5% is only to be taken if the pay promptly. A surprising number of finance directors and accountants are programmed to bite at that offer.

 

its a poor FD or accountant or infact anyone who will pass up on the chance to reduce their bill if they can, but i see the problem having to wait on other people to get their act together is no fun, and trying to get part payment upfront is only probably gonna get a few laughs from who ever you are dealing with.