Venue
Radisson Blu Hotel
Radisson Blu Hotel , Nairobi Upperhill Elgon Road Nairobi, Kenya

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Event Date Thu Feb 27 MSK - Fri Feb 28 MSK (almost 2 years ago)
In your timezone (EST): Thu Feb 27 1:00am - Fri Feb 28 5:00am
Location Radisson Blu Hotel
Nairobi Upperhill Elgon Road Nairobi, Kenya
Region EMEA
Details

Factoring continues to grow successfully both in mature and in emerging markets. Through their control methods and permanent monitoring of the receivables of their clients, factoring companies or factoring divisions/departments of banks are able to provide more financing than traditional lenders to Small and Medium-sized Enterprises (SMEs) and at the same time limit their credit risk to acceptable levels.
Companies use Factoring as a flexible source of financing as it facilitates the much-needed access to finance by corporates and SMEs thereby improving their competitiveness based on the focus on Open Account Trade and the Two–Factor System, which have proven to be most effective during periods of financial and economic challenges.
A typical service provided by a Factor includes investigating the creditworthiness of the seller’s buyers, assuming credit risk on those same buyers and providing credit protection against the debtor default and/or bankruptcy.
Ultimately, the Factor provides the seller a guarantee of the debtors’ inability to pay, prompt collection of accounts receivable, manages the receivables ledger, and provides financing through immediate cash advances against outstanding and assigned receivables.

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