laskumarkkinat

Laskumarkkinat is a term used in Finland to describe the secondary market for invoices, also known as invoice trading or factoring. In this market, businesses can sell their outstanding invoices to a third party, typically a financial institution or a specialized factoring company, at a discount. This allows businesses to access their cash flow more quickly than waiting for the customer to pay the invoice on its due date.

The process usually begins when a business issues an invoice to its customer. Instead of holding onto the invoice until payment is received, the business can sell it to a laskumarkkinat provider. The provider then pays the business a percentage of the invoice's face value upfront, minus a fee. The laskumarkkinat provider then takes on the responsibility of collecting the full amount from the original debtor.

This practice offers several advantages for businesses, particularly small and medium-sized enterprises (SMEs). It improves working capital, enabling them to meet immediate financial obligations, invest in growth, or manage seasonal fluctuations in revenue. It can also reduce the administrative burden of debt collection. However, it comes at a cost, as the business forgoes the full value of the invoice due to the discount and fees charged by the provider. The laskumarkkinat market is a crucial component of business finance in Finland, providing a flexible solution for managing cash flow and supporting economic activity.