Factoring

Trade credit

Factoring involves transferring all or part of your debt management system to an external partner. It offers an alternative to the standard cash credits and keeps pace with your company' cash requirements.

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General explanation

Under a factoring agreement you transfer all or a large proportion of your trade receivables to an external partner. Depending on the provisions in the agreement, the receivables are purchased in their entirety or the factoring company just takes over the debt management system. Factoring may also be combined with credit insurance, thus directly covering your customer risk.

Smart financial management

A factoring agreement can offer your company the necessary financial breathing room:

Granting an easier payment extension – Trade receivables are a key component of your company's asset side. Outsourcing your credit management enables you to focus on your company's growth.
Less risk of defaulters – The risk of defaulters can be borne by the complementary credit insurance.
Invoice advance – As you have an advance equal to 75%-85% of the invoice issued, you are able to do business at a faster pace.

General conditions insurers

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Contact: Chantal Evenepoel

Trade credit
Kortere betalingstermijn in 2022: nog even koffiedik kijken
Op 1 februari 2022 treedt de aangekondigde wijziging binnen de wet op de bestrijding van betalingsachterstand in voege. Vanaf dan mogen leveranciers...
21 January 2022
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Travel assistance
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Employment practice liability
Liability
A “directors and officers liability” (D&O) policy does not insure claims in the context of “employment-related matters” addressed to the company as a policyholder.
This is primarily related to discrimination in the workplace, bullying, intimidation, unfair dismissal, the refusal of promotion and other work-related risks.
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Factoring

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Smart financial management

Kortere betalingstermijn in 2022: nog even koffiedik kijken

Travel assistance

Employment practice liability