factoringapproach

2. In finance, a way of raising money by selling invoices to a company at a discount.

The small shop used a factoring approach to get cash before its customers paid.

3. A way of studying something by looking at the separate parts that make it up.

The scientist took a factoring approach, testing each ingredient on its own.

4. A business strategy of paying a third party to handle billing and collect payments.

Their factoring approach let them focus on sales instead of chasing late payers.