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What is factoring?
Accounts receivable financing, also known as factoring, is a powerful financial tool that has fueled the growth and success of a number of companies. Factoring enables companies to capitalize on their unpaid receivables by selling them to a factoring company for immediate payment. With factoring, companies immediately get paid for their invoiced work from the factoring finance company, while the factoring company waits to be paid by the customers. Factoring strengthens a business' cash position by shortening the time to get invoices paid to 48 hours and providing the needed funds to meet current expenses and more ...
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UK startups start their cull: Trutap reduced to skeleton (TechCrunch) Trutap , a leading UK mobile startup which made the TechCrunch 40 list in 2007, is letting go almost 80% of its 30 staff after failing to hit its window for a second round of funding. A skeleton staff will keep the social apps Java application for mobiles available prior to a sale or new investment, only a month after its re-launch. The startup was orphaned after its first investor Tudor ... Mon, 01 Dec 2008 14:40:18 GMT
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