Importantly, this factoring capability can be correlated with business and financial goals and their associated risks, so CIOs can have a dialogue with CFOs, to whom they increasingly report in many organizations, says Fida.

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In this case the factor was Liquid Capital, a chain of financiers headquartered in Toronto. (It's one of two such franchised factoring operations in North America, the other being Interface Financial Group in Irvine, Calif.) Under this arrangement, Lee Doernberg, a Liquid franchisee in Alpharetta, Ga.

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Asset-based lending and factoring got attention when banks slashed credit lines in the 2008 financial collapse.

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