Receivables factoring: Keeping cash flowing

In business, cash is king, as they say. But what if the client requires longer payment terms, say 60 or 90 days? This is sometimes the case when small and medium enterprises deal with large corporations and multinationals.

Imagine the huge impact of these stretched payment terms on cash flow! Small companies will have to be more resourceful and creative in exploring financing options, or else they will have difficulty meeting the monthly payroll.