Factoring is an agreement by which businesses assign their existing or future receivables to a specialist company, known as a factor.
The factor offers such businesses various services in the credit management area:
• administration, management and collection of debts
• assessment of customer creditworthiness
• guaranteed successful completion of the operations
• advance on receivables ahead of due date
By combining these services in the most expedient way, Intesa Sanpaolo offers its customers a complete range of factoring products. It thereby helps businesses to win time and money, both by optimising finance flows and by freeing personnel otherwise tied up with administrative activities that produce no added value.