AR factoring and credit control are essential strategies for businesses that want to maintain steady cash flow and protect themselves from financial risks. Factoring helps businesses convert outstanding invoices into cash, allowing them to access liquidity without waiting for customers to pay. Meanwhile, credit control practices like assessing customer creditworthiness and setting clear payment terms help prevent bad debts. By integrating these two strategies, businesses can ensure they always have access to the cash they need, while also safeguarding themselves from potential losses due to customer payment defaults. This dual approach leads to greater financial strength and security.
Read More: https://medium.com/@carolina.bennett/ar-factoring-and-credit-control-how-they-work-together-to-strengthen-your-business-df955520498a
