What is Accounts Receivable Factoring?
Accounts recievable factoring is the purchase of accounts receivable
at a discount for cash.
For most businesses accounts receivable is one of the largest assets on their financial statement. However, that asset lies dormant until the time of collection when it is converted to a more useable form...cash.
Factoring enables a company to convert accounts receivable to immediate cash upon the completion of a sale of goods or for services rendered. Cash that can be used to fund payroll, buy additional inventories or increase your sales and expand your business.
At Vertex Financial our client's financial success is our primary goal. The continued growth and success of your company becomes an element in our overall plan. We have built a successful clientele by providing excellence in accounts receivable factoring services built on integrity, personalized and customized service, and by always keeping our clients' best interests in mind.
We help you to maintain a steady cash flow by minimizing your bad debt, simplifying your invoice processing and acting as a professional collection resource for your company.