Are you facing low liquidity in your business due to unorganized invoices, an increased number of bad debts, poor data entry, or inefficient staff? Such discrepancies may land your business in big trouble. It may be your trigger alarm to seek expert services. Flatworld Solutions is one of the most trusted companies in the world for outsourcing invoice factoring support services. With an experience of more than two decades in the industry, our experienced professionals have well-rounded expertise in the field of invoice factoring support services.
Every company operates on credit with payment cycles varying from 30 to 90 days, in most cases. The issue emerges when the businesses are unable to realize payments from their debtors disrupting their business operations. While there may be various reasons for their non-realization of invoices or accounts receivables, it can be efficiently managed, and in many cases, be resolved with due diligence and acumen. As a renowned invoice factoring support services provider, we have worked in various industries and have an innate understanding of invoice factoring support services, making them one of the best people in the field to handle simple to complex accounts receivable services.
Invoice Factoring Support Services We offer
From payment collections and cash receipt collections to data entry services for invoices, as a trusted invoice factoring support services providing company, we offer varied solutions with complete accuracy and proficiency. Flatworld is a one-stop solution for all your back-end invoice factoring support services and offers a wide range of solutions to companies of every nature and size. Our services include -
Sales Order and Invoice Management
One of the major reasons why businesses fail to realize invoices at the right time is bad bookkeeping. Our finance professionals can help you organize your invoice system properly by structuring and compiling sales order receipts, matching them with orders, arranging their confirmations and product delivery copies, etc.
Our expert AR team can verify invoice receipts, evaluate the net payments, the payment due times, and initiate the payment collection process by communicating with the customers and debtors. Our team also creates payables and receivables reports for the businesses to get clarity on the net receivables.
Invoice Factoring and Financing Support Services
In case of cash crunch, we can help you find effective invoice factoring solutions by searching for reliable third parties to whom you can sell your account receivable and get quick cash to facilitate uninterrupted business operations.
Data Entry of Accounts Receivables
From bill books to software data entry, we have seasoned experts that can offer accurate data entry services and keep your books up to date.
Supplementary Support Services
Flatworld is an end-to-end invoice factoring support company and provides complete back-end support services in the field. Apart from the above-stated solutions, we also offer added services, like -
- AR discounting
- Payroll financing services
- Debtor protection
- Bad debts and delinquency management
- Allocation of cash
- Sales bookkeeping and management
- Credit monitoring
- Grievance handling
- Recovery of payments
- Invoice factoring consultation services
Flatworld's Invoice Factoring Support Process
01. Understanding the support requirements of the clients
Our team collects all the information and understands the client's expectations and needs from us
02. Gather all information
The project manager requests the client to reel in all the invoices or get login details of the accounting system used. The team starts collecting and compiling all invoices
03. Invoice inputs
The customer service processes are recorded and invoice information is uploaded on the system
04. Collection of short payments
Our team initiates collection of short payments on behalf of our customers
05. Undertaking other measures
Other added solutions and supplementary services are carried out to ensure complete back-end support
06. Delivering AR statements
Our experts draft the final statements on invoice factoring that are sent to clients for validation
07. Incorporating changes (if any)
The changes as suggested by clients are reviewed and incorporated before the final cash influx-outflow is calculated and reports are sent
Our Finance and Accounting Portfolio
Other Services You Can Benefit From
Why Choose Flatworld As Your Invoice Factoring Support Services Providing Company?
Outsourcing invoice factoring support services to Flatworld comes with lots of advantages -
The services of our best-in-class experts don't burn a hole in your pocket. Our pricing is affordable and well within the budgets of small and medium businesses looking for a high-quality invoice factoring support services.
Our services come with an assurance of 100% information security as we take all the due measures to ensure the client's confidentiality and data security at all levels.
We offer tailor-made services for varied industry types and business sizes, that perfectly align with the distinctive strategic goals of our clients.
As a leading invoice factoring support services providing company in the world, we have dedicated support of an experienced team of professionals.
100% Accurate Data Entry
Our experts provide error-less data entry and bookkeeping services for accounts receivable, making us one of the most sought-after outsourcing companies in the market.
From first-rate infrastructural facilities to modern tools and applications, we give our employees a conducive working environment so that they can serve you with the best.
Substantial Safety from Loss of Revenue
Our specialized payment collection services can help businesses avert the loss of revenue due to bad debts.
Statutory-compliant and Transparent Practices
As an ISO 27001 certified company, we strictly follow the country-specific protocols and government practices, making our operations fully transparent and fair.
Differential Time-zone Advantage
Our operation centers are spread across various cities and countries giving us the benefit to be accessible for unhindered customer support, 24 hours, 7 days a week.
Scalable Solutions with the Fastest Turnaround
We have a large pool of resources at our disposal, giving us the leverage to efficiently manage bulk work with the fastest TAT in the industry.
Client Success Stories
Financial & Accounting Back-office Support
A Las Vegas-based Loan Production Office of a bank approached us with financial and accounting back-office support requirement. Our team provided the required service and helped the client to efficiently manage the huge volumes of paperwork.
Billing Services for a Law Firm
A leading law firm was looking for a cost-effective and reliable billing service provider. Our team provided the services within a quick time.
Outsource Invoice Factoring Support Services to Flatworld Solutions
With more than 20 years of experience in the field of financing and accounting services including invoice factoring support services, Flatworld has earned the reputation of the number one outsourcing company in India and the world. Our flexible and customized accounts receivable factoring support solutions can help businesses manage their cash flows efficiently and maintain better liquidity for their business operations.
Contact our team now to avail of reliable and affordable invoice factoring support services.
Invoice Factoring Support Services FAQs
What is invoice factoring?
Invoice factoring is a process of selling all or part of a company's invoices to a third party in exchange for a lump sum amount of cash.
When should your company use factoring?
A company can use invoice factoring to reduce its burden of collecting payments. A third party takes responsibility for collecting payments and pays you after subtracting its fee.