How Does Invoice Factoring Work?
While the process of factoring invoices might vary from one factoring company to another, the basic process of factoring invoices with DB Squared works like this.
Benefits of the Invoice Factoring Process at DB Squared
Now that you have answers to the question, how does invoice factoring work, find out why you should factor with DB Squared.
Our Experience: Work with a team whose combined experience factoring invoices exceeds 100 years!
Reduced Financial Risk: We are a non recourse factor. Factoring with us can reduce – or even eliminate – your organization’s risk from bad debt. Find out more about recourse vs. non recourse invoice factoring.
Our Attitude: We focus on long term relationships, and that includes the care with which we approach and communicate with you and your customers. In addition, we want to earn your repeat business and referrals, so we don’t require you to sign long term contracts.
Our Transparency: No hidden fees and no surprises! Your factoring proposal will outline any and all fees that apply, as well as the percentage of invoice total that will be advanced, held in reserve and discounted. Also, there are no application, proposal, due diligence, processing, notification or funding fees.
Our Customer Service: Same day funding is available for established clients who factor invoices with us. As our factoring client, you will also have a dedicated account manager and can expect to receive a high level of customer service day in and day out.
Our Credentials: We are proud members of the International Factoring Association and agree to engage in invoice factoring in adherence to the IFA Code of Ethics.