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