TYPICAL FACTORING SERVICES
- Examination of debtor’s and creditor’s creditworthiness
- Accounting
- Establishment of accounts
- Tax accounting
- Commission accounting
- Establishment of tax and plant statistics
- Reminders to debtors
- Debt collection, cashing and the like
(from Factoring Contract by Viliam Gorenc, 1988) |
OTHER FACTORING SERVICES
- Market research
- Turnover statistics
- Consultancy for various businesses
- Warehouse status management
- Client product advertising
- Intermediation with banks, customers, suppliers, insurance companies, leasing companies, warehouses, etc.
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| Planning, management, monitoring and controlling in the area of liquidity |
- Financing policies
- Financing of purchasing
- Financing of sales
- Lending standards
- Conditions of purchasing
- Conditions of sales
- Commercial and financial lending ratio
- Obligation payment and receivables collection policies
- Monitoring, controlling and collection policies
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