Online Factoring – how does it works

Out-sourcing your credit control or sales ledger management does not mean that you have to lose sight of the day-to-day financing of your business. Our funders are acutely aware that you need to access your accounts 24 hours a day, 7 days a week to enable you to make decisions about your company, when you need to.

At Simply Factoring Brokers, we understand the frustration of having to wait for a call-centre to open before you can access the most up-to-date information on your account and credit status. We only recommend financial service providers that have can give you access to an online factoring service, this works on a similar bases to online banking that can be accessed at any time of the day and give you access to transactions balances etc. Online Factoring works the same, additional to a credit controller you will be given on online portal which will show you everything you need to know to be able to run your business day to day debtors list, paid invoices, outstanding invoices and so on.