Factoring: fast liquidity and protection against bad debts
This is how factoring works: The Deutsche Factoring Bank, as a so-called "factor", purchases account receivables from your goods deliveries and services. As a factoring client, this not only provides you with additional liquidity. You gain time and relieve your personnel of taking care of the accounts receivable accounting and receivables management. Furthermore, you are protected against bad debt losses.
And this is how factoring works
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- You issue an invoice from delivery / service.
- You submit the invoice to the factor.
- The factor pre-finances the invoice.
- The factor receives the payment of the invoice.
- In the event of non-payment, the factor will take over reminders and collection as well as legal prosecution.
Many advantages through B2b-Factoring
Factoring offers companies many advantages. Due to the fast inflow of funds, supplier invoices can be paid promptly and discounts can be used in purchasing. At the same time, companies that use factoring can grant their customers longer payment terms and thus improve their competitive situation. When sales grow rapidly, the own financial requirements often increase disproportionately. This financing gap can also be closed with factoring. In any case factoring also provides 100 percent protection against bad debts.
Deutsche Factoring Bank: more than just factoring
The Deutsche Factoring Bank offers you solutions tailored to your individual needs from an annual turnover of 150,000 euros on. The spectrum ranges from classic full-service factoring for small and medium-sized enterprises to special group solutions. With factoring you receive a long-term financial and trust service that is being used increasingly by companies from all sectors.
The Deutsche Factoring Bank offers you the following factoring financing products:
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S-Compact+
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Factoring especially for commercial and smaller enterprises with a yearly turnover of EUR 150,000 and more. Assumption of bad debt risk to 100%, financing and takeover of receivables management, including reminders, collection service and litigation.
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Komfort-Factoring+
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The classical factoring scheme, with assumption of bad debt risk to 100%, financing and takeover of receivables management, including reminders, collection service and litigation .
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Inhouse-Factoring+
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Factoring with assumption of bad debt risk to 100%, financing including collection and litigation, but without taking over receivables management or collection service.
A strong partner: the Deutsche Factoring Bank
The Deutsche Factoring Bank has a regional presence throughout the country and covers a wide range of industries. This enables it to offer its clients intensive support with SME-oriented factoring financing solutions and other services. The employees' many years of experience in the areas of factoring, receivables management and credit insurance enable the broad product range. Customers also have access to a powerful and reliable IT platform as well as fast and secure data transmission channels.
Your advantages of factoring with the Deutsche Factoring Bank
Benefit from this versatile financial service and discover the application potential of factoring:
- Secure liquidity - immediate payout
- 100% default protection
- Relief - more time for your core business
- Additional purchasing advantages for example discounts and rebates
- Secure competitive advantages
- Credit check
- Improvement of the rating
- Finance growth
- Focus on your core business
- Move more flexibly in the market
Through factoring you gain time and extend your scope for action !