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Understanding Factoring in Finance by Sukhjeet Kaur Batth is a document available to read on EtoBox.
Factoring is a financial arrangement where a business sells its accounts receivables to a third party, called a factor, at a discount. The factor then takes on the risk of collecting the receivables from customers and manages the receivables administration. Factoring provides benefits to clients by converting receivables to cash flow, benefits to customers by facilitating credit purchases, and benefits banks by improving liquidity and loan quality. Major factoring companies in India include SBI Factors and
- Author
- Sukhjeet Kaur Batth
- Language
- EN