Four Ways You Can Manage and Control Your Factoring Costs – Factors Western

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.

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