Liquidity and safety benefits with continued customer contact
With Inhouse-Factoring you can benefit from liquidity and safety provided by BNP Paribas Factor due to the 100% coverage of risk and the immediate payment of up to 90% of your receivables – the remaining 10% remain with us as collateral security until your customer has paid the invoice total. However, your receivables management remains in your company so that your direct customer contact is maintained. Your business books incoming payments, outgoing invoices, debiting and crediting as usual.
BNP Paribas Factor then generally assumes the tasks of debtor monitoring and collection of past due receivables after your dunning procedure. This process works so smoothly because your accounting data is always automatically transmitted to the IT system of BNP Paribas Factor. In that way you can save costs and your company can concentrate on its daily operational core tasks. Whether you wish to inform your customers about having assigned us (open factoring) or not (silent factoring), is entirely up to you.
None; management of debtors and accounts receivable as well as payment assignment by you
Dunning and debt collection including legal prosecution in Germany and abroad
up to 90 % of receivables
Cession of existing trade credit insurance possible