Reverse Factoring
We can see nowadays that there is a new process developing: the reverse factoring, or supply chain finance. It uses the strengths of the factoring process, but instead of being started by the supplier, it is the buyer that creates the solution toward a factor. That way, the buyer secures the financing of the invoice, and the supplier gets a better interest rate.
Read more about this topic: Factoring (finance)
Famous quotes containing the word reverse:
“We came home from the ridotto so late, or rather so early, that it was not possible for me to write. Indeed we did not go ... till past eleven o’clock: but nobody does. A terrible reverse of the order of nature! We sleep with the sun, and wake with the moon.”
—Frances Burney (1752–1840)