How to set up undisclosed and recourse factoring in fusion
- AR invoice is sold to bank. And Bank 80-90% funds of invoice value.
- Bank deducts Charges upfront or charges monthly on the last day of the month
- Upon due date Customer pays us.
- On Maturity date we return the gross amount to purchasing bank. (Funded amount + Interest amount if deducted upfront)
Let me know how to setup above.