Press release
Here you can find the most recent press releases of CSOB Factoring, a.s.
Why factoring? (part 2)
In the second part of the series on factoring you will learn for whom factoring is suitable, who is the typical user of factoring, what is the diference between the short term loans and factoring, and other interesting information about factoring.
Factoring in the healthcare sector
Each sector has its own specifics, the healthcare sector in particular. It is primarily the aspect of long-term returns, which can be easily solved by the factoring. Due to the low probability that the receivable will not be paid at all, the factoring company may tolerate longer payments terms (up to 150 days after the due date).
Factoring – financing and administration of receivables (Part 1)
What can the co-operation with the factoring company actually bring? How much funds may the company obtain and when the company can start to draw the funds? These are the questions which we are dealing with in the series on factoring.
Factoring - a time-consuming paperwork?
Assignment of receivables is often referred to as an alternative to bank loans, however potential clients are afraid of a higher administrative burden. What is reality, what does a co-operation with a factoring company mean and what is the added value of the factoring?
Companies pay their obligations up to 19 days after the due date
Worsening payment discipline has impacts on almost all companies. The average time between the issuing an invoice and its full settlement has risen from 59 days in 2008 to 72 days this year – this is the outcome of the analysis carried out by ČSOB Factoring among more than 22.000 entrepreneurs. The situating is not likely to improve even this year, despite the slight economic recovery. “The economic recovery is noticeable only by some companies. It will take several years to get back to the levels before the economic recession and return to the faster payment of debts”, said Jindřich Horák, Sales Director in ČSOB Factoring.
