Large companies with:

A large Supplier portfolio
Need to rationalize payment terms negotiated with Suppliers
Aims to reinforce business relations with Suppliers
Opportunities to make the Supplier payment process more efficient.

The Debtor and Business Finance sign an indirect factoring framework agreement (reverse factoring)

The Debtor introduces Business Finance to his Suppliers                  

The Supplier signs the factoring contract under conditions defined in the framework agreement and forwards the Introductory Letter to the Debtor                     

The Supplier transfers the invoices to Business Finance

The advance is given subject to acceptance by the Debtor                                            

The Debtor pays Business Finance directly                  

Business Finance gives the Supplier the difference between the amount collected and the amount already advanced (net of commission and interest to Business Finance )                      

We manage all aspects relating to debt administration.       
What we do and how we work is distinctly GE. It's a way of thinking and working spirit and language of GE today.

Good relationship built up with Suppliers
Control of Supplier payment process.  
Use of supply debt as an alternative source of finance.   

Links

• Recourse Factoring
• Non Recourse Factoring
• Export