ABS

The Product

Factoring is the purchase of debts. In fact, it is a sales action and not a credit transaction. The customer commits himself to offer his debts from deliveries or services for sale. The factor commits himself to buy all debts within the limits agreed and to give money in advance to the company. This will lead to the fact that debts are transformed to liquid capital within short-term.

Our Range of Services

At present, there are more than 60 factoring banks in Germany. Some of them are specialised in certain branches or they offer factoring only on the basis of a certain turnover level. In accordance with your individual needs and wishes, we will select the appropriate factoring partner for you.

We will prepare a detailed analysis of your debts and your actual debiting management in order to find out the most suitable factoring procedure. We will compare the factoring concept with alternatives of financing and will select the most convenient alternative for you. After signing the factoring contract, we will give you support-especially right at the beginning - by realising the factoring system, i.e. training of employees, electronic data processing connection.

Your Advantage

  • relieve of short-term credit lines with credit institutes, better possibilities for middle or long-term financing
  • achievement of additional cash discount profits
  • turnover competing financing
  • no need for classic credit securities
  • 100 percent claim protection
  • adoption of debtor management
  • debt collection