FACTON EPC Suite is increasingly used by organisations to provide transparency and accuracy in product costs. This enterprise product costing solution was created to improve productivity and decision-making. The FACTON EPC Suite has become the standard enterprise software for all employees, resulting in improved decision-making processes and better business outcomes. In a global company, FACTON EPC is a critical tool for managing product costs.
A factor is a company that sells a business’s receivables to it. They get a percentage of the proceeds. The fee varies depending on the risk factoring companies take. High-risk factoring firms charge higher fees as they take a larger percentage of the money than low risk factoring companies. These fees are worth the protection they offer businesses. Factoring agreements require that businesses pay a fee to the factoring company if a client defaults on a payment.