This procedure is a sensible choice if you don’t have the need to protect low invoice amounts due to the low risk involved. With Selective Factoring, you decide which claims to assign to us by selecting the invoices that should continually be pre-financed and guaranteed.Factoring is a form of financing that allows businesses to get immediate cash for their invoices without having to wait for their customers to pay. Seasonality When faced with large seasonal demand, we help meet your cash flow needs. Our invoice factoring programs can grow with you. This simplifies your finance planning substantially. A factoring company is a financial services firm that provides financing to businesses by purchasing their outstanding invoices (i.e., accounts receivable) at a discount. Invoice factoring works well for businesses experiencing: Startup Stage Unlike traditional lines, our programs don’t require an established operating history. Maturity Factoring offers you the advantages of complete risk protection and discharge from credit control, however you lose out on immediate settlement.And unlike others, we pay 100 of the invoice. Our embedded finance platform makes it easy to manage and fund contractors. This variation is suitable for companies with their own professional credit control department. As an invoice factoring company, we provide businesses with immediate cash flow by purchasing their outstanding invoices at a discounted rate. With In-house Factoring, credit control remains in-house and is carried out at your discretion, while we handle the financing and provisions for doubtful debts.Let DAT and OTR help you take control of your finances Invoice factoring services mean you have faster access to your money. Invoice factoring is also known as accounts receivable factoring or A/R financing. With invoice factoring services, you can get paid for those invoices in 24 hours or less while your factoring company invoices the broker and waits the 30-90 days to get paid. Invoice factoring also known as accounts receivable factoring or simply, factoring is a tool to accelerate companys cash flow by selling accounts. Riviera Finance maintains offices throughout. We are the experts in invoice factoring and accounts receivable management. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. On request, we can also take on the credit control function and professionalise your claims processes for receivables. Simply put, your business sells its unpaid invoices to a factoring company. Founded in 1969, Riviera Finance is nationally recognized as a leader in business financing and a top invoice factoring company. With Full-service Factoring, your financing grows automatically with your revenues, and in case of increased risk, your receivables will be secured.We offer four types of factoring: full-service factoring, in-house factoring, maturity factoring and selective factoring.
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