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Debtor management can be a challenge for many business owners. Keeping track of income and expenses is already not an easy task, but when you also have to ensure that outstanding invoices are paid on time, it can become even more complicated.
Everything you need to know about factoring and which type is best for your business. We'll take you through the different types of factoring, such as traditional factoring, reverse factoring and American factoring, explaining how they work and the benefits they offer. Whether you're looking for fast cash flow, reduced administrative burdens or better customer relationships.
Debtor management is a critical aspect of any business, as it involves managing the credit that a company extends to its customers. Good debtor management is essential for maintaining healthy cash flow, reducing bad debts, and ensuring that a company is financially stable in the long term.
The Association of Factoring Companies (FAAN) is a trade association for companies active in the factoring industry. Factoring is a financial service in which a company sells its outstanding invoices to a factoring company, which pays the company directly for a fee.
Sometimes entrepreneurs need extra financial resources to grow their business or keep it running. In such situations, a current account credit can be a possible solution. But what exactly is this and how does it work?
By selling invoices, companies can reduce financial pressure and find flexible financing solutions for both the short and long term. You are no longer dependent on the payment term of your client, but you receive money directly from the party that purchases your invoice.
How it works and what the consequences are for your company. As an entrepreneur you may be faced with VAT pre-financing. But what exactly does this mean? In short, it means that as an entrepreneur you have to pay the VAT on your business expenses yourself and can only reclaim it from the tax authorities later.
Working capital is the financial resources available to finance day-to-day operations, make investments and pay off debts. It is important for a company's liquidity and financial health. Improving working capital can be achieved by shortening customer payment terms and minimizing inventory levels.