Factoring services - Venkatakrishnan, Santhi
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Factoring is a complete financial package that combines working capital financing, credit risk protection, accounts receivable, book keeping and collection services. A growing number of companies offer factoring services. Factoring has become well established in developing countries, in particular in those that are highly industrialized. Factoring is now universally accepted as vital to the financial needs of small and medium- sized businesses. Factoring is simply a unique package of services designed to ease the traditional problems of selling on open account. Typical services include…mehr

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Produktbeschreibung
Factoring is a complete financial package that combines working capital financing, credit risk protection, accounts receivable, book keeping and collection services. A growing number of companies offer factoring services. Factoring has become well established in developing countries, in particular in those that are highly industrialized. Factoring is now universally accepted as vital to the financial needs of small and medium- sized businesses. Factoring is simply a unique package of services designed to ease the traditional problems of selling on open account. Typical services include investigating the creditworthiness of buyers, assuming credit risk and giving 100% protection against write-offs, collection and management of receivables and provision of finance through immediate cash advances against outstanding receivables.
Autorenporträt
Factoring is a method of converting non-productive inactive assets into productive assets by transfering the book debts to the company that specializes in collection and administration. Dr(Mrs)V.Santhi, M.com, M.phil, MBA, B.Ed, PGDCA, Ph.D, has more than 18 yrs of teaching experience in Arts and Engg college. At present in PSG Tech, Coimbatore.