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.
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.
Your whole AR, on autopilot.
Reeve collects every overdue invoice in your name and shows you exactly where you stand.
Ten minutes to set up. 7-day free trial. Stops the moment they pay.