The Factoring Plus product suite is expected to offer Swiss enterprises several services, including accounts receivables management, preliminary financing and payment guarantee.
Moreover, accounts receivable management is set to include creditworthiness checks, accounting and reminders, whereas preliminary financing is expected to enable business customers to receive up to 90 percent of the invoice amount after the invoice has been sent to their customers. Finally, payment guarantees is set to prevent accounts receivable losses.
The Factoring Plus service targets online shops and companies which offer invoicing services, including telecoms providers, water and electricity companies, as well as Swiss SMEs from several industries.
Factoring Plus is expected to be made available to the Swiss market in early 2011.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now