Day: October 10, 2022

Telecom factoring is the sale of outstanding invoices at a discount to a third-party company, known as a factoring company or a factor. As a result, cable, Wi-Fi and telecom construction service providers and contractors can obtain quick working capital through specialty financing targeting their industry. Telecom factoring allows companies to sell accounts receivable at a discount to a third-party company, known as a factoring company or a factor. A bank can also purchase the receivables. Using factoring, invoices can be monetized in 2 to 3 days.  The factoring company assumes the responsibility of collecting payments on the invoices it factors – either on a permanent or temporary basis – and keeps a small percentage of the total invoice amount as its fee. A factoring company ca...