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Navigating Factoring Costs: How to Maximize Profit

For Canadian businesses in need of immediate cash flow, factoring can be an invaluable tool. But how can you ensure the costs don’t outweigh the benefits? In this guide, we’ll walk you through the basics of navigating factoring costs and share strategies to minimize expenses so you can keep your profit margins as strong as possible. The Impact of Factoring on Profit Margins Invoice factoring is a financial tool that helps businesses convert unpaid invoices into immediate cash. Think of it as selling your receivables to a factoring company in exchange for a quick payment. How Factoring Typically Works Factoring
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