In recent years, factoring has become an important means of enterprise capital turnover, and factoring companies have also become one of the most important partners of enterprises. Factoring companies can provide various services for enterprises, including financing, risk management and service outsourcing. Let's analyze the service items of the factoring company in detail from three angles.
I. Financing Services of Factoring Companies
The financing service of factoring companies is mainly to provide liquidity for enterprises and speed up capital turnover. Factoring companies generally improve the liquidity of enterprises by means of advance payment, entrusted cheque, mortgage pledge and guarantee.
Compared with bank loans, factoring financing is usually faster, simpler, with a wide range of assets, and is not limited by the types of guarantees, which can help enterprises solve the short-term capital problem quickly. Especially for small and medium-sized enterprises, factoring financing can better meet the capital needs of such enterprises because of its financing difficulty and cost.
Second, the risk management services of factoring companies
In the transaction process, factoring companies can play the role of risk management, control the risks of creditors, improve the transparency of customers and reduce the transaction risks of enterprises by verifying the credit status of customers.
Compared with banks, factoring companies have a better understanding of the business and current situation of enterprises and provide more comprehensive risk management services for the transactions of factoring objects. Factoring companies can also give guidance in the process of invoicing and contract signing to help enterprises avoid risks.
Third, the service outsourcing of factoring companies.
In addition to financing and risk management services, factoring companies can also provide service outsourcing services for enterprises. This includes trade financing, accounts receivable management, account collection and other services. This kind of service can enable enterprises to focus on their main business and outsource their core business, at the same time, it can also improve customers' credit and ensure the rationality of enterprise valuation.
The advantage of service outsourcing is that it can improve the external attention of enterprises, pay attention to their own core business, reduce the operating costs of enterprises, and also improve the space and possibility of enterprise development.
To sum up, factoring companies can provide financing, risk management, service outsourcing and other services to help enterprises improve their business level, reduce asset-liability ratio and increase net cash flow. At the same time, the services of factoring companies can also make enterprises more focused on their main business, so that enterprises can operate more efficiently and stably.