Unlock Immediate Cash Flow with Sprika’s Invoice Factoring Portal

At Sprika, we understand the critical importance of maintaining a healthy cash flow for your business operations. Our Invoice Factoring service facilitates the conversion of your outstanding invoices into immediate working capital through our network of trusted partner financial institutions. Our user-friendly portal makes the process seamless and efficient, allowing you to focus on growth and expansion without financial strain.

What is Invoice Factoring?

Invoice Factoring is a financial solution where businesses sell their accounts receivables (invoices) to a third party (a factor) at a discount in exchange for immediate cash. This service helps businesses bridge the gap between the time they issue an invoice and when they receive payment, ensuring a steady cash flow.

How It Works?

• Submit Invoices: You submit your outstanding invoices to Sprika’s portal.

• Funding Facilitation: We connect you with our network of partner financial institutions who offer competitive factoring services.

• Immediate Access to Funds: Our partners advance a significant portion of the invoice value to you, usually within 24-48 hours.

• Collection Management: The financial institution handles the collection process, liaising directly with your customers.

• Balance Payment: Once the invoice is paid by your customer, the remaining balance is released to you by our partner, minus their fee.