FOR THE SAFETY OF YOUR COMPANY

RECEIVABLES MANAGEMENT

Factoring


Factoring is to acquire by factoring company the invoices for the sale of goods or services. Depending on the type of factoring, the risk of insolvency of the recipient may be transferred to a factoring company (recourse / non-recourse) or go back to the company benefiting from the product (factoring incomplete / with recourse). In this case, in order to maintain the security of the transaction to the end it is very often combined with incomplete factoring receivables insurance policy.

The benefits of factoring is mainly to provide financing current operations, improve liquidity and attract new revolving funds for business development. In addition to the funding guarantee, factors also provide for their clients administrative services associated with journaling, making the sale of non-cash settlements, monitoring payments.

We help customers choose the right type of factoring depending on the financing needs of customers business portfolio, but also the requirements of factoring companies and negotiate favorable pricing.


 

Sales reports


Sales report is one of the important tools useful for the management of credit risk, the aim of which is to assess the financial situation of the audited company. Current solutions used by business intelligence agencies allow you to configure your credit reports adapted to the specific needs of the authorities. In addition to standard data the reports are often enriched with indicators monitoring by information agencies.

We help you choose the right business intelligence given taking into account:

  • industry in which tested subjects operate (some information agencies specialize in certain industries)
  • country in which they operate (some information agencies specialize in intelligence in the Polish economy, others abroad)
  • the legal form of the companies surveyed (other data will be included in a report on entities that are required to draw up the balance sheet and profit and loss account, and other data by individuals engaged in business activity)

 

Debt collection


If the debtor delays the payment of debts and is not covered by insurance or complete factoring program or secured in any other way, it is worth to think about the court settlement before recovery is no longer possible (bankruptcy, arrangement, the lack of a debtor’s assets, discontinued operations). Very often quick response by the debt collection company may cause at least partial recovery, although ultimately the debtor falls into even bigger problems.

We help you choose the right debt collection company, taking into account:

  • country and the industries in which they operate debtors
  • size and overdue debt
  • the type of collateral held,
  • the financial position of debtors

Blog CRB

Is insurer smarter than the Customer? Original approach to receivables insurance

In the classical approach to the credit insurance which specialized insurers offer, monitoring insolvency risk is under the control of the insurer. He gives the credit limits on key customers, decide on the amount and the possible changes in the course of the policy and the amicable recovery is performed in the case of non-payment…. View Article

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The question from the Customer: I have a policy – should I close a debt management department?

Several years ago, no one asked this question because receivables management departments were mostly the domain of large international companies. In the MSP sector, elements of the debt management functioned, because decisions concerning contractors were made in majority by an Owner, the payments were made by an Accountant and unscrupulous debtors were handed over to… View Article

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Who is automatic credit insurance policy for?

Credit insurance in Poland is a product that is constantly evolving. Many large and medium-sized enterprises insure receivables for years, or at least use the credit management tools such as credit reports, monitoring and recovery of receivables offered by external specialized companies. Meanwhile, in the current changeable economic reality credit insurance is an important product… View Article

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Is lack of credit limits additional risk for the Insurer?

Insurance policy are in large part based on an assessment of the counterparties portfolio by the insurer. It is also choosing which recipient is and in what time it can be insured for a specific amount of credit limits. Although in most insurance policies there is an automatic insurance without the control of the insurer,… View Article

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