Accounts Receivable Financing is a short-term financing arrangement where a company uses its accounts receivable as collateral to obtain working capital advances.
Credit control is a system used by organizations to ensure their outstanding debts are paid within a reasonable period, involving the establishment of a credit policy, assessment of clients' credit rating, and the management of overdue accounts.
An agent employed to sell goods or merchandise consigned or delivered to him by or for his principal for compensation.
Factoring is a financial transaction where a business sells its accounts receivable to a third party (factor) at a discount, providing the business with immediate working capital.
Factors are critical economic resources and agents involved in the production and distribution of goods and services, encompassing capital, human resources, property resources, entrepreneurial ability, and intermediaries.
Inventory financing is a type of short-term loan businesses use to purchase inventory. This is often necessary for small to mid-sized businesses to manage operational cash flow effectively.
Invoice Discounting is a financial practice wherein a business sells its invoices to a third party, typically a factoring house, at a discount to obtain immediate cash. It differs from traditional factoring in that it does not typically include sales accounting and debt collecting services.
