Quick answer
A notice of assignment is a letter instructing your customer to send invoice payments to the factor's account. It's standard in factoring; confidential AR financing avoids it.
What the letter says
It tells customers the invoices are assigned and gives new remittance instructions — it doesn't imply financial trouble.
How customers react
Large companies process thousands of these; most simply update their payee details.
Confidential alternatives
Established companies may qualify for non-notification AR lines where customers keep paying you.
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Written and reviewed by the National Invoice Factoring funding team — specialists in receivables and trade finance since 2009.
