The Interface Financial Group (IFG) provides financial resources (spot factoring, invoice discounting) to clients in over 30 industries. With over 150 offices and over 40 years of experience, IFG is ready to meet your short-term financing needs. We service companies in the North America, Europe, Australia, New Zealand, South Africa and Singapore.
The term spot factoring has been creeping into the factoring lexicon. Essentially, it is the same thing as single invoice finance. The reason that it is called spot factoring is that it refers to the increasingly popular practice of being able to pick your spots and choose which invoices, if any, you want factored. This allows you to maximize the amount of cash that you have on hand while incurring the minimum fees to guarantee sufficient cash flow.
Each transaction has three main parties: the company that sells the invoice, known as the Client; the company that will pay the invoice, known as the Client's Customer (or account debtor); and the IFG that provides funding through its spot factoring service.
Carol Craig / President / Craig Technologies