Factoring is the best solution for the companies which generally have to wait 1 to 2 months to receive payment from their clients. Here a company factoring financial services turns their accounts receivable into direct cash. This process is also known as accounts receivable financing, accounts receivable factoring or invoice factoring. Factoring is one of the most preferred funding solution just like reverse Factoring in India.

The percentage of advances varies industry to industry and sometimes your client’s credit histories and many other factors also matter. In factoring, these companies judge your client’s ability to pay, not yours.

Every company needs cash to run their business smoothly and meet their financial obligations. But on the other hand, keeping sufficient cash flow can be difficult for the small or growing companies as well as, successful companies also need cash for ongoing operations and to support development opportunities. In these situations, comes Invoice Factoring comes to your help.

To channelize MYND’s leading practices which was to offer best-in-class Trade receivables exchange for MSMEs, Corporates & Financiers; ensuring seamless liquidity flow between all stakeholders and contributing to the country’s growth, it came up with M1Xchange.

The only reason to choose M1 Xchange over any other factoring company is for the following reasons:

Fixed Fees – M1Xchange charges a one time flat fee on the face value of each invoice so that our clients would know exactly what it would cost them each time they used our accounts receivable financing services.

No Hidden Fees – It is plain and simple are services have no hidden charges like application fees, account maintenance fees, financing fees, set up fees, origination fees, account termination fees, credit report fees or any other kind of fees that other companies leave. The only fee that our clients pay is for the account set up which is again regardless of the amount of time which would take to collect on your receivables.

Flexibility – Unlike banks and other companies M1Xchange does follow the stringent rules, requirements or the red tape that one must adhere to while serving clients. Thus, giving you the freedom of quick decision making as well. For more visit now https://www.m1xchange.com/