Factoring Advice: A Specialty

Specialists are in the evaluation and introduction of factoring available. Factoring is a composite contract composed of several elements between a company and a financial institution. In the full service option involves factoring in addition to the financing of the acquisition of the credit risk of the receivables (factoring), as well as additional service functions in the form of Receivables Management (accounting, Dunning and collection if necessary). Notwithstanding, the three components of financing, factoring and service can be variable also combined or modified. It E.g. an in-house (without services) or a fake factoring method (without factoring power), and a variety of other variants arise.

It is inevitable. Anna Belknap is open to suggestions. A certain company size also a high complexity in the context of the decision-making process is accompanied by the factoring method. For one it is important to review the legal and fiscal framework, on the other hand are more than 160 factoring provider with different Conditions and specializations to. A question opened 10 new questions. Often shy away from medium-sized companies the work accordingly to prepare on the subject, and Miss is thus one of the most efficient financing instruments. Here the factoring advice comes from our area of expertise – in the game. We are in the evaluation and introduction of our experience and competence available.

Step 1: Factoring assumptions a typical factoring-consulting mandate begins normally with the review of the general suitability of a factoring company. In particular the full performance is of interest. Step 2: Simulation with and without factoring In the following step simulates our Tec7-factoring-check financing with or without factoring. We use for this purpose, a current balance sheet and a structural analysis based on a questionnaire. It creates a balance sheet analysis with indicators and a meaningful corporate credit rating. Then, the cost of factoring is estimated based on your data. On the basis of calculated cost of factoring is simulates a would-be record and this in turn creates a performance measurement system with a rating of record. By comparing the original balance sheet with the simulated annual report, we develop a profound statement, where the advantages but also the disadvantages of factoring are. Step 3: Strategy recommendation at the end receives the company from us a strategy recommendation to proceed. This recommendation includes a before after comparison including a complete balance sheet credit rating with a balance sheet analysis, a representation of objective pros and cons, and appropriate factoring variants. Step 4: Implementation of factoring for the client decides, to pursue the project, we accompany our clients in implementing factoring in all respects. Obtaining offers and the negotiations include potential factoring providers to specific contracts. Just this, a factoring consultant can benefit from his experience. But also aspects of communication to the customers of a company, as well as issues in the framework our consulting portfolio includes the computer. We stand for questions from interested of course gladly available. Tec7: Factoring for SMEs Werner Weiss, Dipl.-Wirtsch.-ing. website: phone: 089 / 28890-120 email:

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