Factoring
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How factoring works
The concept for more liquidity
Sufficient liquidity has always been a decisive key to economic success for any company. In order to strengthen specialist trade partners in this respect, NORDWEST Handel AG as a trade association has been offering factoring specially tailored to the needs of trade through its wholly owned subsidiary TeamFaktor NW GmbH since 2009.
Trade partners can choose between various factoring models and services so that they can focus on their day-to-day business and thus their customers. Whether debtor management, dunning or active limit management – individuality is key. This sales financing is used to pre-finance receivables while at the same time ensuring completeprotection against payment defaults and safeguarding customer relationships.
With factoring, we settle every customer invoice that you send to your customers within two banking days after receipt of the invoice. Your customer’s payment is then transferred to a factoring account held by us. This means that you can post your revenue directly as income when the goods are shipped and do not have to worry about meeting payment terms. By securing the entire value chain from purchasing to sales, we make a decisive contribution to increasing your competitiveness.
What is factoring?
Enjoy the benefits
and realise the success
- Special association conditions
- No limit on the number of accounts receivable
- Purchase of even small-volume invoices without minimum fees
- 100% security for receivables
- Deliveries to new customers directly on account without risk, including private customers and municipalities
- Industry expertise, also in construction-related trades
- Personal support
- Preconfigured interfaces with NW Connect
- High degree of digitalisation