What is factoring?

Factoring is a package of services included

  • receivables management (administration, accounting, collection)
  • credit risk cover against non-payment and customer‘s financial inability (without recourse factoring)
  • financing of existing receivables

Advantages of factoring

  • speed-up and stabilization of cashflow
  • advance payments from assigned receivables up to 90%
  • well-controlled settlement of customer's invoices
  • protection against customer insolvency – receivables insurance up to 100% (export factoring)
  • management and collection of receivables
  • reduction of labour and costs relating to receivables administration and recovery, automated system of reminders
  • improvement of customers payment morality
  • eFactoring – internet utility for factoring business monitoring
  • monitoring of customers – early warning system in case of negative information about subject
  • financing in invoice currencies to more than 50 countries worldwide
  • electronical assignment of receivables
  • off balance sheet financing which does not increases liabilities
  • opportunity to offer better payment terms to buyers

How can we help you?

Except financing we also secure risks of payment overdue or non-payment so the client can be sure to get his money.
Receivable management and collection system helps us to improve payment discipline of domestic and foreign suppliers.

What do we offer?

We provide an extensive range of receivable management services

  • We finance suppliers at up to 90 % of the invoice value in the classical factoring and up to 100 % in the reverse factoring.
  • We take care of client's receivables from origin to collection. We ensure communication with foreign customers. If your payments are overdue we can, on request, call on the customers or monitor and improve their payment discipline. Our clients have an on-line overview of status of their receivables, thanks to internet based eFactoring solution.
  • We take on the risk of non-payment in case of unwillingness to pay or insolvency of buyers.
  • We support Electronic Data Interchange (EDI) via our service ediFactoring.

Why cooperate with us?

We provide extensive range of services, including receivable financing, management, collection and securing.

We are one of the largest factoring companies in the Czech Republic and are part of a strong Financial group of Ceska sporitelna Bank.

We provide quality, service, excellent flexibility and speed, as well as individual approach of each client.

Who are our customers?

Our services are used by

Small and medium businesses with yearly turnover higher than 30 million CZK, providing goods or services to domestic or foreign customers on a regular basis and having invoices with due dates between 14 - 90 days.

Bigger companies that do not want to take out more loans (factoring has no impact on liability accounts of balance sheet) or want to outsource receivable management, which helps them to improve customer payment discipline, decrease administrative costs and consequently decrease fixed costs.

In general our services can be a solution for clients:

  • having, due to expansion, higher financial needs than their loan limit approved by bank,
  • not having met all bank validation criteria but having an interesting customer portfolio,
  • being in need of additional funds but not wanting to take out more bank loans,
  • wanting to decrease costs and outsource receivable management.

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