Factoring applies to all industries and market segments. This is the right solution for companies that:
- sell with deferred payment (in trade credit)
- conduct cyclical sales to a permanent group of recipients
- they need a source of financing that is flexible and tailored to their current needs
- are looking for financing of current activity other than a working capital loan
- want to protect themselves against the risk of customers’ insolvency
- want to entrust a specialized company with the handling and management of receivables
Why factoring at KUKE Finance?
It improves the financial liquidity of the companyFactoring provides a company with an immediate cash injection by releasing funds locked up in unpaid invoices.
It saves time and reduces the costs associated with managing receivablesFactoring allows you to free yourself from labor-intensive and burdensome activities related to monitoring and enforcing the inflow of receivables.
Increases the security of cooperation with recipientsThe factor takes over the risk of insolvency of the company’s recipients (refers to non-recourse factoring).
An easily accessible form of financingUnlike a bank loan, factoring does not require the company to present material collateral and does not use complicated procedures.
It does not burden the company’s balance sheetIn contrast to, for example, a working capital loan (applies to non-recourse factoring).
It allows you to increase the competitiveness of the company Extending the payment terms makes it possible to offer customers more competitive terms of cooperation and thus increases the chance of winning an order.
Success Stories
Korporacja Budowlana DORACO uses KUKE PFR GROUP contract guarantees
DORACO has been successfully cooperating with KUKE for many years on the basis of a general contract for the provision of insurance contract guarantees. KUKE provides the company with highly professional and flexible service in securing submitted tender offers, securing the performance of contracts, or removing defects and faults during the warranty period. As part of the cooperation, DORACO has the option of issuing guarantees for the payment of the bid bond, proper performance of the contract, proper removal of defects and faults, and the return of the advance payment. Emphasizing the strengths of KUKE, among which one should pay special attention to the efficiency and professionalism of current service, high flexibility and, above all, understanding the needs of the general contractor, we sincerely recommend this insurer,Karol Zduńczyk, President of the Management Board of Korporacja Budalna DORACO
Why KUKE PFR GROUP?
A reliable business partner We have been insuring commercial transactions of Polish entrepreneurs for nearly 30 years. We offer services that ensure safe trade both in the country and abroad.
Map of export markets Are you thinking about developing exports to other countries? Check KUKE PFR GROUP solutions tailored to the selected market.
