Factoring and Mentoring: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
m (Minor reword.)
 
Line 1: Line 1:
The sale or transfer of legal title to accounts receivable to a third party (factor), either with or without recourse. Often a convenient but relatively expensive form of finance for weaker corporate credits.
''Working effectively with others.''


A financing technique whereby a company sells its invoices, at a discount, to a factor. The factor then becomes responsible for collecting the debt.  
Mentoring is when an independent experienced person, known as a mentor, advises and supports less experienced people, sometimes known as 'mentees'.


Arrangements can be with or without recourse. Recourse factoring allows the factor to recover any losses caused by bad debts from the borrower.


== See also ==
==See also==
* [[Factors]]
*[[Association of Corporate Treasurers]]
* [[Internal factoring]]
*[[Coach]]
* [[Invoice discounting]]
*[[European Mentoring & Coaching Council]]
* [[Recourse]]
*[[Working effectively with others]]
* [[Securitisation]]


==The ACT's Mentor Me scheme==
The ACT runs a mentoring matching service for its members and students.
[https://www.treasurers.org/cpd/mentoring Mentor Me]
[[Category:Commercial_drive_and_organisation]]
[[Category:Influencing]]
[[Category:Self_management_and_accountability]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]
[[Category:The_business_context]]

Revision as of 13:09, 19 May 2020

Working effectively with others.

Mentoring is when an independent experienced person, known as a mentor, advises and supports less experienced people, sometimes known as 'mentees'.


See also


The ACT's Mentor Me scheme

The ACT runs a mentoring matching service for its members and students.

Mentor Me