What is Export Factoring?
For businesses which export goods to overseas customers, it is common for cash flow pressure to build as a result of invoices carrying extensive credit terms due to the distances that products must travel.
Export factoring solutions are specifically designed to help exporters to overcome these challenges. International factoring companies release up to 90% of an invoice’s value within 24 hours of its issue, providing the funding that’s required to pay suppliers and meet the business’s day-to-day commitments.
In addition, the factoring company can provide a dedicated sales ledger management function, which can be so important when trading with overseas customers with language and cultural differences.