client’s insolvency

Protecting Yourself from Your Customer’s Problems

Protecting Yourself from Your Customer’s Problems

Securing customers is an integral part to the life of any small business. Without customers you’ll be unable to sell your products or services, spelling financial trouble for your enterprise. But securing your customers is only half the battle.Once you have them in place you need them to pay. You can invoice them but you can’t always legislate for your customer’s financial position. A client’s insolvency or inability to pay is a huge issue which could really affect the viability of your business. To maintain your cashflow and protect yourself against bad debt, it’s vital that you investigate leading debt factoring solutions and choose an option that fits in with the needs of your business. How does factoring work? It’s all very simple. Once you’ve chosen a specific factoring agent all you ... »