Outsourcing these credit and collection functions to CFG allows management more time to focus on production and service. The client is also distanced from the negative aspects of collection and litigation, and recognizes cost savings on postage, long distance credit investigation, and bad debt. An expert in A/R management, CFG can be more efficient than the client at managing their receivables and improving A/R turns.
CFG provides recourse and non-recourse factoring. Under the non-recourse programs, CFG assumes the credit risk on all approved customers.
CFG's factoring programs improve cash flow and provide credit to companies that may not qualify for a bank line. Our factoring programs offer:
In addition to improving the client's cash flow, CFG manages their receivables by providing several important administrative services: