Factoring Operations for Starters

By transferring their receivables from the sale of various sorts of products and services to factoring organizations, delayed enterprises that use this type of financing obtain short-term resources. By exchanging their trade receivables for cash and selling their receivables in return for cash, businesses may fulfill their working capital requirements without needing bank loans or equity. Factoring may be classified based on the location, recourse status, payment schedule, and notification status.

This course has been designed to provide a broad overview of factoring transactions and to describe how the system works. Participants in the course will receive useful knowledge about the factoring approach, including what it is, how to use it, and its accounting procedures. The benefits of factoring will be discussed, and attendees will be explained how local and international factoring systems operate. The legal aspect of the factoring process will be reviewed after the course.