We’ll sort out the paperwork and handle the invoice and collections process with no hidden fees.
Invoice Funding, or factoring, releases funds tied up in unpaid invoices, improving cash flow which increases working capital and positions business operations for continued growth.
Our factoring program provides comprehensive accounts receivable management. In addition to converting invoices into working capital, you’ll receive auditing, crediting and collections services.
Kompass Funding can quickly obtain commercial credit ratings, easing your business decisions based on a potential customer’s credit rating and how much risk you are willing to absorb if you are to enter into a business agreement.
It’s also worth noting that companies who are interested in doing business with you may also check your commercial credit rating to assess their risk.
Accounts can be set up in as little as a few days dependent upon business information provided.
Once an invoice is submitted, funds will be sent in as little as 24 hours.
The beauty of Kompass Funding is that we don’t only offer one service. If you are interested in accounts payable funding and management, we also offer our Supplier QuickPay program.
Through Kompass Funding’s client portal.
If you are currently working with another factor, we can pay off outstanding invoices and transfer all incoming invoices to Kompass Funding.
Fees are based on a 15-30 day pay cycle, however pricing can be customized to your situation.
For recourse funding, the credit risk of the customer stays with the client, whereas for non-recourse funding, Kompass Funding incurs the risk.