What does factoring with Tradewind cost?
The cost of factoring consists of a factoring fee, a pre-financing interest rate and a limit checking fee.
The factoring fee is charged on gross sales and ranges from 0.3% to 0.75%, per month, depending on factoring sales, payment term and debtor portfolio.
What requirements must my company meet?
- The invoiced service or delivery of goods must be provided free of objection and in full
- The receivables must not be assigned or encumbered with third-party rights
- Receivables terms between 14 and 120 days
- Positive credit assessment of the factoring company and its debtors
Does Tradewind cover the risk of non-payment for my invoices?
In so-called genuine factoring (or also known as full-service factoring), the receivables are transferred to Tradewind and Tradewind assumes the full default risk (del credere risk). The supplier is only liable for the legal status of the transferred receivables.
What changes for my customers when I use factoring?
Basically, nothing changes for your customer. You merely inform your customer of the new account details, so the only thing that changes is the bank account to which they have to pay. Your customers will continue to discuss questions about goods and services with you.
Who takes over the dunning process?
Tradewind can offer professional receivables management with the highest level of reliability through its global network. Open invoices are efficiently realized from the written reminder to the telephone call with the debtors.