Factors Western is a family owned factoring company that has been operating in Calgary since 1985. We pride ourselves on listening to what our clients are asking us for and customizing a program that will work for their business.
The cost of factoring your receivables can grow when your clients take a long time to pay your invoices. Fees are often based on a 30 day time period with additional fees after that.
Here are a few ways we educate our clients to help them manage the cost of factoring.
- Factoring part of an invoice
- Taking draws on a larger invoice, to meet your payroll needs or other costs
- Selecting the right clients to factor
- Aging your invoices before you factor them
A good factoring program should align with how you process and invoice your clients, along with how and when your clients pay those invoices.
To learn more why not give us a call to discuss how we can customize a factoring program to fit your business.