Business Services Industry
Turn your receivables into cash.
Australasian Business Intelligence, October, 2005
Oct 20, 2005 (Retail World - ABIX via COMTEX) -- Carol Anderson is in charge of international and working capital services at the
Commonwealth Bank of Australia. Anderson claims that businesses can cut outstanding debtor numbers and improve their
reconciliation process by making better use of electronic funds transfers. She notes that receivables financing, or factoring,
permits businesses to access up to 80 per cent of the value of their outstanding invoices. The business may opt for the bank to manage their debtor's ledger. The Australian market for receivables financing has been expanding by almost 30 per cent per annum.
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