Firms that turn their post-dated receivables into cash via factoring can make their balance more liquid. Since the follow-up, collection and management of receivables will be performed by the factoring company, they save on the operational costs, workforce, time and resources.
By this means, they have the opportunity to make more time and to create more resources to the main fields of activity.
Particularly the small and medium-sized enterprises (SMEs) can provide funds by turning their own resources (post-dated receivables) into cash without resorting to external resources. Firms that increase their competitive power increase also their market share while making their cash flows regular and efficient.
Medium sized enterprises can easily turn their sales, which they usually make as an open account to large companies, into cash. Therefore, they have the opportunity to provide discount by making cash purchases from supplier firms.
Exporters can increase their share in foreign markets without any risk by benefiting from the guarantee service.
Firms that are obliged to export against goods as a result of the competition conditions and the increasing demand of the foreign companies can guarantee their receivables by means of factoring and they also have the opportunity to turn such receivables into cash by benefiting from the financing service. Since factoring does not create costs for importers, it is a highly preferred product abroad.
Disputes to arise between the exporter and the importer are more easily settled with the help of the correspondent factor.
For the export factoring transactions, sellers are exempt from any kind of tax. In addition, importers benefit from all the advantages of cash import through factoring transactions.
20 years of experience in the factoring sector
Strong financial structure and expert staff
Experience in quick finalization of transactions
Extensive service network
Congratulations! Your registration has been received.
We are sad! An error has occurred please try again!