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We are leading company offering extraordinary Domestic Factoring Services in Delhi to our esteemed clientele. Our company is the ultimate destination for assorted range of Domestic Factoring Services in Delhi, as we have experienced professionals having years of experience in handling diverse needs of Domestic Factoring from Delhi to our valuable clients. Factoring is a financial transaction whereby a business sells its accounts receivables (I.E. Invoices) to a factor for immediate money to finance its day to day operations. Domestic factoring provides short-term working capital and cash flow solutions for your sales within India. It is a tripartite agreement between three parties: the seller of goods, the buyer of goods (debtor), and the factor. Factoring thus not only helps you in expanding your business, but also provides you with an efficient collection mechanism and protection against bad debts. The seller tenders one or more invoices to the factor to obtain cash. The seller essentially transfers ownership of the receivables to the factor. Accordingly, the factor obtains the right to receive the payments made by the debtor. The debtor is notified of the factoring arrangement and the factor makes all collections. Cash is paid by the factor to the seller (pre-payment) upon submission of the invoice. The funds-in-use account is adjusted against the payment made to the factor by the debtor. We at UCS connect you with wide array of financers and who can meet your factoring requirement without much paper work and in a hassle free manner, thus makes us reliable Domestic Factoring Company in Delhi.
ASHISH MAHAJAN AND ASSOCIATES
512 A, Indraprakash Building, Barakhamba Road, Connaught Place, Connaught Place, Delhi - 110001, India
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