Factoring is a complex financial service that includes short-term financing on the basis of future receivables of unmatured accounts generated by the sale of goods and services.
Who are the Factoring Users?
All companies with existing commercial contracts and long-term business cooperation with their clients, when they have the need for additional working capital or an intention to increase their sales volume.
Advantages of factoring for clients:
- Greater liquidity
- Better competition position
- Factoring is taken over by the collection of receivables, debtor contacts and reporting