Factoring involves a factoring company buying your accounts receivable from goods or services delivered and making an advance payment on the outstanding balance. Factoring can be used across many sectors including the service industry, production or the building industry.
Few companies know that factoring contracts offer a broad spectrum of individual scope for configuration. Depending on your requirements, the factoring company can take over a particular service for you – from accounts receivable accounting right though to dunning or debt recovery. The form of contract is really about matching the existing potential to each individual requirement – from window dressing and maturity factoring through to selective factoring.
We understand that getting things on the right track early are important for a successful enquiry. Whether factoring works or not depends on various factors – we look at these in detail upfront and provide you with a feasibility assessment in advance.
Due to our diverse market research, we can find you the most appropriate financing company for your individual situation. We don’t just compare price but also performance and we know the right specialist for each industry.
As well as this we can help you with the contractual work and together we can smooth out the pitfalls which sometimes occur in contracts. We’re there to advise and support you through the entire process from the initial enquiry through to credit approval. Afterwards we won’t leave you by yourself to deal with questions and problems, we’ll be there throughout the term of the agreement as well as any renewal discussions.
If you would like to know if factoring could be of value to you, try out the online tool we’ve developed which provides you with an immediate cost-benefit calculation.
Our areas of expertise
Optimise your risk management and secure your debts against payment defaults.
With the help of purchase financing you can ensure you get early payment discounts and rebates without being constrained by deadlines.
Through trade financing you can secure liquidity for trade and protect yourself against economic and political risks.
Using inventory financing you can convert your tied up capital in inventory into additional liquidity.
As with factoring, you sell your account receivables through forfaiting. Thereby profiting from additional liquidity and protecting you from bad debt.
Longer credit periods for the buyer, faster liquidity for the suppliers – with reverse factoring both profit.
With factoring you can convert your account receivables into direct liquidity and create financial freedom for your company. Additionally, you are protecting yourself against bad debt.
Through leasing, capital goods – from production machinery through to IT systems – are not purchased but instead can be used over time. As there are no purchasing costs, leasing protects the liquidity.
As your business grows so does your financing requirement. We can help you to get additional credit lines from banks.
Not all invoices are paid within the due date – in these situations debt collection companies can help you with the dunning process right through to legal foreclosure.
Trust is good but knowing in advance is better: avoid payment defaults and get credit references and credit worthiness reports about your business partner.
Capital goods credit insurance
Using capital goods credit insurance, safeguard production risks as well as lengthy credit periods.
Guarantee and surety insurance
With guarantee and surety insurance, the insurer undertakes warranties, guarantees and similar sureties in order to fulfil your liabilities.
Additional Top-up cover helps to avoid shortfalls in credit insurance policies.
Single-buyer credit insurance protects you against the default risk of individual buyers.
The multi-buyer policy is a special type of credit insurance which allows you to insure a selected group of clients.
Preferential payment insurance
Protect yourself with retrospective coverage against insolvency disputes.
A lot of business transactions are based on trust. Insure your company against abuse of this trust from personnel or fraudulent internet crime.