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Factoring System

oboloo Glossary

Factoring System

A Factoring System is an innovative financial tool used to help businesses manage their cash flow and maintain steady growth. This system works by selling your accounts receivable — also known as invoices or “invoiced-based debt” — to a third party company in exchange for immediate payment. The third party company then assumes responsibility for collecting the payments from customers and pays you the remaining balance after taking a percentage fee. This allows businesses to access much needed capital more quickly, allowing them to focus on growing their business instead of struggling to manage their cash flow. With Factoring Systems, businesses can take advantage of new opportunities faster and achieve success without significant upfront costs or risks!

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