Choose factoring suited to your needs
Export is an opportunity to reach out to new customers and grow your business. On the other hand, foreign expansion brings with it a number of challenges. In addition to the high quality and attractive price of the exported product, it is often necessary to offer foreign buyer sufficiently long payment terms. Polish companies are also concerned about difficulties in verifying foreign business partners and worried about losses caused by sharp fluctuations in exchange rates.
Export factoring not only provides companies with quick access to cash frozen in unpaid invoices, but also ensures security in foreign trade. By deciding to cooperate with KUKE Finance, you will receive comprehensive support in your export activities.
Tired of waiting for payments from your buyers? When your customers are late with payment, you may have problems maintaining financial liquidity. Export factoring is a quick way to convert invoices to cash. By using factoring provided by KUKE Finance, you will receive cash immediately after issuing the invoice. You will be able to use these funds in order to grow your business or for any other purpose find important. In addition to providing instant access to cash, factoring combines credit risk protection, accounts receivables bookkeeping and collection services.
Export factoring ensures safe cooperation with foreign buyers. Often, the exporter wants to start working with new buyers, but it is not possible to reliably assess their financial standing and ability to timely settle liabilities. This causes a significant increase in the risk of losses due to bad debt. Collecting overdue receivables abroad is usually much more complicated and costly than on the local market.
Given these circumstances, the right solution for your company if you plan to grow your export business is non-recourse export factoring. The essence of non-recourse factoring, in addition to financing, is that the factoring company, i.e. KUKE Finance, takes on the risk of non-payment by your customers covered by the factoring agreement. This is possible thanks to the insurance of trade receivables either by the factoring company itself, or by using the already existing credit insurance policy concluded by you with the insurer. In both cases, you relinquish the risk of your customer’s default.
Factoring is also an effective way to protect your business against foreign exchange risk. You receive cash from KUKE Finance immediately after the shipment is completed and the invoice is issued, and not after the invoice payment deadline, when unfavourable changes in the contract currency rate may occur. This is of particular importance given the growing level of political and economic uncertainty in the world.
Factoring provides instant access to cash tied up in unpaid invoices. You will no longer have to wait for customer payments in order to settle your own liabilities on an ongoing basis.
Your company will become more competitive, which may result in an increase in the number and value of new orders.
You will no longer have to worry about bad debt. Factoring company takes on the risk of non-payment by your customers.
As your business grows and sales increase, so does the amount of cash available from the factoring company that purchases your invoices.
The factoring company will handle managing and collecting payments from customers. The time and effort spent on these time consuming activities can be redirected to your company’s core business.
You get quick and easy access to cash 24/7 without the need to use traditional and more complicated forms of financing such as bank loans.
