Factoring

Piraeus Factoring’s specialized personnel and ERP system allow you to:

• Manage your accounts receivables efficiently
• Finance your Accounts Receivables upon issuance
• Minimize the use of post-dated cheques in business transactions
• Monitor your clientele through our expert team

Strict collection procedures and legal assistance if required

• assessment of the buyers’ creditworthiness
• assumption of the credit risk

Give your business a comparative edge over competitors through:

• Increased liquidity
• Extended clientele and thus turnover
• Improvement of company’s performance in the financial reports and indices
• Reduced cost of staffing
• Increased time available for company’s staff
• Reduced collection costs
• Lower cost and faster process compared to Letter of Credits and Letter of Guarantees
• Increased negotiating power with suppliers allowing for payment discounts

• If your company has imports or exports operations, you no longer need to be an expert in the country legislation your supplier or debtor is located. Piraeus Factoring allows you to benefit from:
• 100% credit risk coverage
• Reduced costs in comparison to L/Cs
• Financing of Accounts Receivables upon issuance
• Additional collateral is avoided
• Both factor and buyer speak the same language

Piraeus Factoring in Greece provides various forms of factoring upon the factoring services of your need:

Domestic factoring applies to businesses operating in the domestic market and is divided in domestic Factoring With Recourse

This product offers:

• financing
• management of A/Rs
• collection of A/Rs and finally
• assessment of the buyers’ creditworthiness

Export Factoring applies to exports-oriented businesses which sell abroad on open account terms. The seller, in this case, profits from the full list of the factoring services:

• Finance
• Management
• Collection
• A100% credit risk coverage &
• Assessment of the buyers’ creditworthiness

All of the above are taking place through F.C.I. (Factors Chain International), a global network of leading companies, whose common aim is to facilitate international trade through factoring.