Domestic factoring
Domestic factoring is suitable for trading and manufacturing companies involved in the production or sales of goods and services to customers in the Czech Republic. Domestic factoring is an effective financing based on the purchase of domestic short-term trade receivables.
The service includes financing of receivables prior to their due date as well as management and collection of receivables. UniCredit Factoring offers domestic factoring in both recourse and non-recourse forms. Non-recourse form of domestic factoring includes insurance of receivables against customers’ unwillingness or inability to pay up to 85% of the receivables' total value.
Export factoring
Export factoring represents flexible financing based on purchase of export short-term receivables. It is suitable for trading and manufacturing companies whose business activities are focused on foreign markets. The service includes foreign receivables financing prior to their maturity as well as receivables management and collection. In case of non-recourse factoring, the service includes insurance against customers’ unwillingness or inability to pay.
Block factoring
Export factoring represents flexible financing based on purchase of export short-term receivables. It is suitable for trading and manufacturing companies whose business activities are focused on foreign markets. The service includes foreign receivables financing prior to their maturity as well as receivables management and collection. In case of non-recourse factoring, the service includes insurance against customers’ unwillingness or inability to pay.
Security over receivables
Security over receivables is based on the assignment of domestic or export short-term trade receivables. The service includes security over receivables against customers’ unwillingness or inability to pay (insolvency, bankruptcy), and at the same time their professional management and collection.
Security over receivables is suitable for clients who wish to reduce their credit risk, and also for clients searching for the outsourcing of services due to higher efficiency in terms of savings of time, administration and cost of staff.
Management and collection of receivables
Management and collection of receivables represents a complex service suitable for clients who want to fully focus on their core business or manufacturing activities and thus decide to transfer a part of administration associated with s receivables to UniCredit Factoring. UniCredit Factoring uses all standard tools for communication with customers and respect principles of business relationships between supplier and its customers. Management of your company's sales ledger will be proper and highly effective and will save you time and real costs. Dedicate yourselves full time to the development of your business and leave the business with receivables for UniCredit Factoring.
Factoring is a complex product providing the suppliers of products or services with financing of short-term receivables before maturity, management, collection of receivables, and possible security of receivables against customers’ unwillingness or inability to pay.
The client delivering goods or services on a regular basis to its customers assigns an invoice for to a factoring company. The factoring company then provides the client with pre-financing, amounting to 80% of the invoice value, usually within two business days. The customer settles the invoice by its due date in favour of the factoring company, which then transfers the remaining 20% of the invoice value to the client. Moreover, the factoring company takes professional care of the client's receivables, including their management, collection, sending of reminders to customers and, if necessary, also legal collection.