How can receivable can be converted in to cash before maturity?

Receivables can be converted into cash before maturity through various methods, such as factoring, where a business sells its receivables to a third party at a discount for immediate cash. Another option is to secure a line of credit or loan using the receivables as collateral, allowing the business to access funds quickly. Additionally, businesses can offer discounts to customers for early payment, incentivizing quicker cash flow.