Factoring

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Among different sources of financing the accounts receivables, factoring is the most common method.

Through factoring your invoices are financed immediately and without any drawbacks.

Whether your customers are private or state companies, the financing can be transfered 24 hours after the sending of your invoices without any risk of sudden drawback from the bankers.

The Factor will transfer the funds by swift or by cheque.

Today the factoring's solutions are suitable for any business and specially the newly created ones.

The factoring is also according to the needs, the management of your account receivables :

An easy overlooking of your account receivables : you get the details of each customer's situation on a single account
The monitoring of your customers' solvency :
through an Internet secured access, you get a credit agreement on your customers (it is the amount guaranted in case of payment's default). You are informed of any change in these decisions.
The reduction of payments' delay is obtained by an efficient and personalized reminder according to the nature of your customers. These quick settlements optimize your cash. The results are surprising.
The debt collection through amicable or judiciary action.

When you export, the factoring takes into account the linguistic aspects, the habits of payment, the judiciary processes according to each country and enables you to gain efficiency by recovering your export debts.

What is the cost of factoring ?

The factoring commission. It remunerates the factor for the reminders, the follow up of your account receivables and the risks linked to these accounts and varies essentially according to the turnover covered, the average amount of your invoices and the number of customers concerned.
The financing commission. It is due only on the amount of financing that you request.

ADVICE :

The factoring constitutes an innovating and alternative solution to improve your cash reserve.
If you wish to preserve multiple sources of financings and thus your financial independance please keep in mind this wise principle : in finance don't put all your egg's in the same basket.