If you're in the business of sending invoices, no doubt you've experienced the frustration of sending second, third and fourth requests while the bill remains unpaid.
It sometimes makes financial sense to sell off stagnant accounts to specialized collection agents. For cash-strapped businesses, turning unpaid invoices over to factoring firms like A/R Funding can mean money in hand in less than 24 hours.
Read up on the details of this strategy and why it works for companies in need of a cash-flow bump in the November newsletter from A/R Funding.
Stephen Schultz is vice president of franchise development at Supporting Strategies.