Recent research shows that part of the self-employed lives in financial uncertainty because their clients pay late. 1 out of 6 self-employed wait even longer than 45 days for payment of invoices. This may cause liquidity problems. Moreover, receivables management and payment problems of the client may cause additional stress.
More and more freelancers are opting for 'factoring'. Factoring provides practical solutions for problems all freelancers have:
Long payment terms
"After my first month's invoice with a payment period of 45 days, after almost two and a half months of work, I have still not seen a penny." Our partner pays the invoice to you within 24 hours and takes over the full payment term.
Difficult credit management
"I constantly seek for balance to get the invoice paid and the relationship with my client, which consumes energy." Your credit management will be taken over in a professional way with respect for the relationship with your client.
Uncertainty of payment
"What happens if my client gets into financial difficulties? Do I still get my money?" Your invoices will be insured. If your client gets into payment difficulties you are still assured of payment.
Limited opportunities for growth and investment
"If banks want to talk about funding to start with, I get an endless list of conditions, it will take long before I actually get it and it is not possible to let the financing move with my business." With factoring youwill always have access to your working capital.
Are you wondering how factoring will work? Request for free information and receive a special Planet Interim Freelancer rate!