Invoice Factoring is a type of financing that allows business owners to convert their outstanding invoices into immediate cash. It’s an efficient and cost-effective way for businesses to access working capital, as it eliminates the need to wait up to 90 days for customers to pay their invoices. Companies who use Invoice Factoring are able to unlock the value of their unpaid invoices and free up resources for important investments and projects, such as hiring new staff or expanding operations. By turning their receivables into ready cash, businesses can increase their profitability and stay one step ahead of their competitors.