Invoice factoring consists of transferring the invoices issued by a business to its customers to the bank. The invoices are paid directly by the bank, and the business receives its sales revenue much more quickly.

This short-term financing solution offers three advantages for a business:

• Almost immediately, it receives the proceeds of its sales
• It is relieved of managing its account receivable
• It protects itself against certain risks related to its current invoices

To better understand how invoice factoring works and if it applies to your business, read this blog post.

If you would like to learn more, check out our page about invoice factoring.