For Buyers
Factoring is an instrument, which enables to change the relationship between you and your supplier in a qualitative way: this refers to increase of payment terms, increase of purchase volume, possibility to operate under open account terms from the very first shipment.
Factoring gives you numerous possibilities. You no longer need to stress your working capital or to attract additional banking financing in order to to purchase goods. The only requirement is to respect the engagements in terms of timely payment for the purchased goods. This will reduce the factoring commission for your supplier, which is important for you as well, in case the factoring commission is included in the cost of goods.
In case of assignment of accounts receivable, the payment amount will not change.
All previous agreements and cooperation practice shall remain unchanged The only modification is the new bank account to pay to.
You may introduce our service to your new suppliers, and receive favorable payment terms from the start of the relation.
