Services has launched a new ‘selective factoring’ service, as an
enhancement of the factoring services the company offers.
Unlike traditional whole turnover factoring, ‘selective
factoring’ enables owners and managers to select which customers
are covered by Bibby’s funding, collections and bad debt protection
service.
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“Businesses not wanting – or needing – to factor their whole
ledger can nominate specific customers for us to manage,” explained
David Robertson, global chief executive of Bibby Financial
Services.
According to Robertson, clients dealing with seasonal orders,
such as department stores, supermarkets and insurance companies,
could especially benefit from this service.
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