 |
Factoring
| Factoring is a complex of financial services, which includes financing delivery of commodities, accounting of accounts receivable, timeliness of payments and settlements of debtors with your company (accounts receivable management) and coverage of financial risks. |
| In 2007 factoring company FC Factoring extended its range of factoring products: now the company provides disclosed and undisclosed factoring services, factoring with and without regress. |
| Customers are large distributors and vendors of IT market, producers of foodstuff, construction materials, pharmaceutical market, household and industrial chemical goods. |
|
Financing of goods delivery - while shipping goods with adjourning of payment, you can get up to 90% of the delivery amount right after shipping, without waiting for payment from buyer. Financing is automatically multiplied as far as sales growth. Financing within the framework of factoring allows to avoid the origin of current assets deficit. You receive remaining funds (from 10%), after the buyer has paid for products as per contract.
|
|
Management of account receivable - provides control over timely payment of deliveries by buyers, forecasting of terms of collection and formalities of work with buyers. The state of account receivable is represented in regular, detailed factoring - reports which will provide Customers with current information at the highest level. Result: strengthening of payment discipline of buyers, multiplying of receivables turnover, which positively operates on the financial standing of enterprise.
|
|
Covarage of financial risks. FC Factoring can cover risks related to delivery of goods with delay of payment, including buyer`s failure to pay because of his insolvensy.
|
|
Main advantages of factoring are the following:
- No security or much paper work is required for factoring services
- Funds circulation rate is increased by means of factoring
- Using factoring you avoid cash gaps
- Amount of actual funding can be increased with the growth of sales volumes of customers, which enables enterprises to increase their turnovers
- Factoring financing is provided to a customer regardless of received banking loans
- In the course of factoring service any delivery for any (even the smallest) amount can be financed
|
|
|
|
|
 |
Printer friendly version
