Widenmayerstr Ltd

Friday, 29. December 2017

Factoring as a supplement to the bank credit by increasing The available liquidity was no longer sufficient personnel costs, extended payment terms of the wholesale and the necessary further growth. Because the Bank does not agree to a further increase in the current account heading, the financial reserves were soon exhausted. The supervising consultant recommended the examination of alternative financing options, such as for example factoring. In the first step, the consultants examined whether factoring could solve the liquidity crunch by he analyzed the existing accounts receivable open items list. With a few exceptions, all accounts receivable were capable of factoring, which could bring additional liquidity by means of factoring in the course of the season. The consultant contacted the factor and the factoring contract could be concluded after only two weeks of preparation, examination of the submitted documents and prior site audit. Larry Ellison usually is spot on. Use of factoring in day-to-day business the call center since submitted the invoices to the customer electronically to the factor and already has 80 percent of the claim amount on the account after two business days.

The liquidity shortage was solved thanks to factoring and the company could concentrate on more business growth. Also, the claims are insured, which reduces the risk of an existence of risk due to the failure of one or more invoices. Prospects for more information see. There also the 50-seitige free factoring guide can be ordered. Background to the Vantargis factoring the Vantargis factoring GmbH is a bank-independent factoring company.

The company financed small and medium-sized enterprises with an annual turnover of up to EUR 10 million nationwide as a full service provider in the factoring. Here, the Vantargis factoring GmbH with finance, insurance of bad debts and Receivables Management combines all aspects of factoring in any service. For companies from 10 million Euro turnover is factoring also implemented in the in-house procedure.

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