Glossary

Invoice factoring

Also: factoring · receivables financing

Invoice factoring is selling your open invoices to a third party (a factor) at a discount for immediate cash, with the factor collecting from your customers.

Factoring solves the cash problem and leaves the collections problem where it was, at a price that scales with how slowly customers pay. It suits businesses growing faster than their credit line; it is expensive for businesses whose real issue is inconsistent follow-up. Reducing DSO reduces factoring cost on every invoice.

Your whole AR, on autopilot.

Reeve collects every overdue invoice in your name and shows you exactly where you stand.

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