How to compare costs on factoring tenders
Here Ian Johnston of independent broker, Factoring Solutions, looks at how one offer on your factoring costs might look like a good deal but a closer look at your figures, and knowing what to look out for, can save a company a lot of money.
This is a factoring cost comparison using a company with an annual turnover of £750,000. Its customers take an average of 60 days to pay and it is looking at two quotes from companies willing to factor their invoices.
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