Debt factoring

Debt Factoring

Alternative to the invoice factoring at NKNI we offer debt factoring service to manage your business bad debts or delayed debts collection.

Debt factoring is an alternative term to invoice factoring and takes place when accounts receivables, typically in the form of delayed debts or even bad debts, are raised by a business and passed to a debt factoring company (in this case NKNI).

At the NKNI, we also take care of chasing collection of the owed payment on behalf of the client – when the payment is made, the remaining value not initially forwarded is given to the business minus prearranged fees for their service provided.

  • Debt factoring is ideal for businesses that need help to manage their sales ledger. Alternatively, some firms who’ve spent years developing their in-house credit collection systems prefer to retain control of their sales ledger, meaning that they’ll often lean towards factoring financiers who allow clients to handle their own credit control.

Debt Facoring

  • The process of chasing impending or overdue payments from customers could be taken care– debt collection is handled by the funder to us so time and effort can be prioritised to winning new business, building client portfolios, or maximising operational efficiencies. Vital for growing firms who require extra time and care with key business relationships.