Comarch Factoring Knowledge Base

A few weeks ago, I had the opportunity to participate in a webinar organized by SME Banking Club on digitalization in factoring. One of the speakers was Betül Kurtulus from FCI and she showed a very interesting presentation.

The Factoring system is developed in an agile and highly iterative manner, and the approach to its design has a comprehensive dimension

Reverse factoring is treated by financial institutions as a "traditional working capital loan". Contrary to classic factoring, there is no natural source of repayment in the form of contractors and risk diversification.

How the factoring system can help the end customer? How a factoring system can improve the employees’ work?

Factoring as a product has many benefits. These include e.g. debt collection on the part of the factor, counterparty monitoring, or flexibility in the use of the factoring limit.

In the last days of March 2021 there was a blockage of the Suez Canal by the container ship Ever Green. The blockage not only caused huge transportation problems and huge financial losses but also showed how the lack of "flow" caused by this accident can affect many areas of life.

The last year has undoubtedly highlighted some important facts about processes in banks, factoring companies and fintechs.

Factoring in 2020 had many different faces. See a yearly summary based on data from the Polish Factors Association .

Out in the world, everything has changed, but for banks or factoring companies one thing remains