Submitted by: Factor King010

How can you tell if a Factoring Company is Great?? How It Treats Your Customers

Of the many considerations to think of when selecting a factoring company (the fee you’ll pay, the speed at which you receive your money, etc.), in the general picture, none might be more important than how your customer is dealt with throughout the process.

If you factor your invoices, you are essentially surrendering your client(s) to the factoring company’s collections process. In the view that it is likely you want to maintain a relationship with the client, the very last thing you want is for a strong-armed collection agent cause problems between you and your client.

A GREAT FACTORING COMPANY–and you will discover only a handful to choose from–does things in a different way. They do not jump on your customer and insist on payment for your invoices. Nor do they use tactics that in any way might hurt the relationships you attach importance to.

AT FACTOR KING we hold ourselves to these highest of standards relating to our clients’ customers. We handle your customers with the utmost respect always. We never push in any way and we don’t practise harassing collection calls.

We contact the client only after a receivable is submitted for purchase by the client. After that we send a letter requesting the client send all forthcoming payments for that particular vendor to our lockbox address.

We are very flexible on confirmations of good receivables, and we also employ all communication channels (email, fax, voice, & online portals) so the process is as pleasant as possible for all parties involved.

THE RELATIONSHIP between you, your factoring company, and your client is a sensitive one. You need your customer to look at your factoring company as being a curteous, professional extension of your company–and this is exactly how we handle the relationship. We are representing you, our client, and we always go to great lengths to ensure your customers are ok with the transaction so that you may continue your relationship with them for numerous years to come.

Of the many decisions to make when picking a factoring company (the fee you’ll pay, the speed at which you receive your money, etc.), in the general picture, none may be more important than how your customer is dealt with throughout the process.

Whenever you factor your invoices, you’re effectively handing over your client(s) to the factoring company’s collections procedure. Bearing in mind that it’s likely you want to sustain a relationship with the customer, the last thing you need is for a strong-armed collection agent to come between you and your customer.

THE RELATIONSHIP between you, your factoring company, and your client is a delicate one. You need your client to look at your factoring company as a curteous, professional extension of your company–and this is exactly how we handle the relationship. We re representing you, our client, and we also always go to great lengths to ensure your customers are ok with the transaction so that you may continue your relationship with them for numerous years to come.

About the Author: Factoring Companies provide invoice receivable for companies that maintain commercial account receivables.

Factorking.com

is one of the best Factoring Companies provides effective factoring services. For more info please visit us.

factorking.com

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