Factoring is a professional credit management tool
Factoring can be useful to any company wanting to entrust management and control of its credit portfolio to a specialist
Factoring is best conducted as part of a long-term relationship with a company, allowing the Factor to support administrative, organisational and financial aspects of credit management arising during the company's operations.
Rapid, secure payment of funds, a contribution to credit management and a guarantee of successful collection of the company's credits are the benefits of Factoring which customers appreciate the most.
Factoring is not yet very well known, though many companies use it frequently.
Factoring can save on the cost of supply credit by outsourcing assessment, administration and control tasks
Factoring is a more complex service offering greater added value than bank loans. In order to assess its true economic benefits, the best terms of comparison to use are the average cost of loans and the cost of managing trade credits internally
Factoring has a positive impact on a number of areas of company management involved in trade credit management
Transfer of credits in a Factoring relationship is a normal part of corporate life; in fact, it is a sign that a company has a valid, modern organisational set-up.
Factoring is an ideal complement to a bank's relationship with a company