Cashflow can be a challenge. You have to pay your suppliers in 30 days, but your clients only pay in 60 to 90 days. You can use factoring to bridge this divide. Together with the dedicated Hutix offshore team in the Philippines, we swiftly brought this pipeline to life within their Azure ecosystem.
Factoring is an option a CFO has to get cash from the bank as soon as a sales invoice is booked, long before the clients pay their invoices. This lowers the liquidity measure Days Sales Outstanding (DSO) and speeds up the cash conversion cycle (CCC) to avoid cashflow problems in businesses with longer payment terms, or with clients that tend to pay their invoices too late. The bank provides the cash, and in return takes a commission on the factored amounts.
You can find a series of blogposts here on how I solved this challenge:
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