Factoring is the provision of cash to businesses against their sales invoices, with the factor taking on responsibility for debt collection. As a viable alternative to the bank overdraft, factoring is still overlooked by many businesses and their advisers, partly because of a lack of informed guidance on the subject. This book seeks to fill the gap by explaining in detail how factoring and invoice discounting work, providing an unbiased view of the industry, its services and strategic development in future. This book should be of interest to finance directors in small- and medium-sized companies, accountants, management consultants, bankers and solicitors.
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8 of 8 people found the following review helpful:
4.0 out of 5 stars
Valuble business and financial information,
By Luther Galyon (USA) - See all my reviews
This review is from: A Guide to Factoring and Invoice Discounting: The New Bankers (Hardcover)
I am a factoring officer for a real estate investment company in Knoxville, TN. This guide to factoring has helped me out immensely in just getting started in a profitable, and wide open industry. It starts with the most basic facts, like just what factoring simply is. It then covers some of the most difficult and complex aspects of the industry as well. I am just out of college and this has helped me a lot in my new position. The book can be a little wordy at some times, but it has far better descriptions that the finance textbooks that one would find in college.
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