The Factoring facility is applicable to both domestic and export sales. IFS will first assess your customers, then on the sales volume and other aspects of your business. You are usually required to inform your customers of the factoring arrangement so that payment can be made directly to IFS.

After you have delivered your goods or services to your customers, you will submit the relevant invoices, purchase orders, delivery orders/receipts and collection bills to IFS. We will then make the initial cash advances against the receivables to you. You will also receive statements of account, debtors’ aging and collection reports regularly.