Factoring

Factoring is the ideal tool to stimulate a company’s economic cycle, through improved administration of the receivables portfolio that is built up as a result of corporate sales policies.

Negotiation of the claims that these accounts represent enables companies to obtain the capital they need to finance their working capital.

Fiorito Factoring y Negocios Financieros offers the following Factoring Services:

	Financing.
	Financial transactions based on credit instruments, such as deferred payment checks, credit invoices, accepted invoices and promissory notes.
	Administration of accounts receivable.
	Collection of sales on credit terms, documented in various forms, including procedures for the follow-up of collections and recovery through out-of-court settlements if necessary.
	Administration of invoices ceded by customers.
	Designed so that large companies can extend their collection terms and increase credit limits assigned to their customers, through the ceding of accounts receivable.
	Handling of the collection of items drawn on the interior of the country.
	Administration and management of collection of items drawn on locations in the interior.
	Framework Contracts for suppliers.
	Factoring Agreements with companies that enable their suppliers to make use of financial transactions to obtain the resources they need, so that the lengthening of payment terms does not affect them.

Benefits of Factoring:

	Improved liquidity.
	Improved control and administration of accounts receivable.
	Shortening of terms to collection.
	Increased collection efficiency.
	Reduction in the administrative structure of the company.
	Improved cash flows.
	Helps segregate sales and collection functions.
	Can be used as a negotiating tool.
	Does not affect bank credit lines.
	No immobilization of fixed assets.