Bill Factoring is a financial transaction that involves the sale of accounts receivable (invoices) to a third-party factor. It allows businesses to access money quickly and efficiently from unpaid invoices, allowing them to maintain working capital and cash flow. By using bill factoring, businesses can gain greater control over their finances, as well as more flexibility in managing customers who are slow to pay. The process is simple – a business provides the factor with invoices and the factor pays them an agreed percentage of the invoice value upfront. Once the customer pays the remaining balance (minus any fees charged by the factor) the remainder is passed on to the business.