Revolutionize Cash Flow with Invoice Factoring Staffing Solutions
The process of invoice factoring typically involves three steps:
- **Invoice Submission**: The business submits its invoices to the factoring company.
- **Immediate Payment**: The factoring company advances a percentage of the invoice value, usually between 70% and 90%.
- **Client Payment and Reconciliation**: Once the client pays the invoice, the factoring company pays the remaining balance to the business, minus a small fee for their services3.