Factoring: Sell Your Invoices Today, Get Cash Tomorrow
Factoring Transaction Flowchart
No Yes No Yes Yes No No Yes 1 Submit invoices to factor  3 Are goods/services ok?  2 Factor verifies invoices  5 Funds Advanced to Client; discount clock starts  6 Wait for payment 7 Payment received? 9 Discount clock stops. Is payment accurate? 11 Check deposited; client records updated  12 Is rebate due?  14 Client receives rebate; client records updated  4 Client notified 8 Client and/or Customer notified if too long 10 Client notified 13 Wait until rebate due 15 Submit next invoices