Success through factoring!
Maintaining sufficient liquidity at all times is essential for companies of any size. Not only to have the necessary financial capacity for investments, but also to react quickly on the market place. Liquidity improves your position with competitors, suppliers and banks. Above all, you can avoid the many problems that frequently end in insolvency.
Liquidity shortages are easy to prevent: the simplest way to more financial power is factoring.
Benefits of Factoring:
- factoring improves Your chances on both domestic and export markes through increased liquidity;
- factoring is growth financing that supports expansion through liquidity;
- factoring shortens your balance sheet, with strengthens the equity ratio and improves your negotiating position with banks "Basel II";
- factoring serves as a financing alternative to overdrafts and suppliers credits.
Coface factoring company purchases your short-term receivables and you immediately receive up to 90 % of the total invoice amount. The advance payments normally cover receivables that are due within 180 days. However, special agreements are also available for longer payment terms. Coface factoring company offers factoring with or without credit insurance, and tailors these services to meet you individual needs. When your receivables are covered by Coface credit insurance, they are purchased without recourse.
Products:
"In-House" Factoring
This opinion involves the factoring of short-term receivables and, compared with full-service factoring, represents a simplified alternative because you continue to handle collection procedures. The advance payment is based on the invoice amount (inc. VAT).
"Full-Service" Factoring
Full-service factoring by Coface factoring company not only includes the revenue-based financing of your short-term receivables, but also covers receivables management with dunning and collection up to legal execution. Our full-service factoring services are also available with or without credit insurance.
Costs and fees
A fee charged for expenses related to the purchase of receivables, which generally ranges from 0.1 % (in-house factoring) to 1.5 % (full-service factoring) of the volume of receivables purchased. The interest rate charged on the advance payments reflects your credit standing, and is usually tied to the VILIBOR/EURIBOR and active margin.
Our product line also includes specially designed solutions to meet the individual needs of our clients.
Your benefit: calculable costs that simplify budget planning and debt collection in foreign market, we can rely on an extensive network of experts with nearly 100 partners in over 150 countries, who have in-depth knowledge of the local legal situation.
