Companies that engage in a successful factoring relationship tend to have greater financial flexibility and, thus, greater operational flexibility as the availability of cash expands with growing sales. Businesses will use the financing obtained from factoring not only to meet short-term demands, but also to expand operations and take on larger accounts.
Factoring: Another measuring stick for purchasing managers
Purchasing managers at CPGs should favorably view contract packagers who use factoring as a cash-flow solution. The ability to secure reliable funding reflects well on a company’s financial outlook.
Mar 31, 2006
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