The Importance of Contractor Verification in Factoring

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Contractor verification is crucial in mitigating the risk of non-payment. Factoring companies conduct thorough verifications to ensure that clients are legitimate businesses with reliable payment histories. This process often includes an assessment of the client’s credit history to confirm adherence to payment terms.

To gain insights into the current methodologies employed by factoring companies for invoice and contractor verification, we have developed this questionnaire. This survey is conducted in partnership with Vercly, a company specializing in the automation of contractor verification processes, thereby expediting customer onboarding.

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For further information on automating verification processes or to request a demo, please complete this online form. A representative from Vercly will contact you promptly.

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