Faktoreerimissüsteemide

Faktoreerimissüsteemide, commonly known as factoring systems, are financial arrangements where a business sells its accounts receivable to a third party, called a factor, at a discount. This provides the business with immediate cash flow, which can be crucial for managing day-to-day operations, meeting payroll, or taking advantage of growth opportunities. The factor then takes on the responsibility of collecting the outstanding invoices from the business's customers.

There are several types of factoring systems. In a non-recourse factoring agreement, the factor assumes the risk of non-payment by the customer. If the customer fails to pay, the factor absorbs the loss. This offers the business greater protection against bad debts. In a recourse factoring agreement, the business retains the risk of non-payment. If the customer defaults, the business is obligated to buy back the uncollectible invoice from the factor.

Factoring systems are particularly beneficial for small and medium-sized enterprises (SMEs) that may have difficulty securing traditional bank loans due to their size, credit history, or the nature of their business. It allows them to unlock the value tied up in their invoices without incurring long-term debt. The fees charged by the factor typically depend on the volume of receivables, the creditworthiness of the business's customers, and the agreed-upon discount rate. While it offers quick access to funds, the cost can sometimes be higher than traditional financing methods.