FACTORING

To convert your sales on credit into liquidity

Factoring is a short-term financial product, for supporting cash flow and the collection management service. It consists in the transfer of invoices to Nedbank Mozambique by the client (member/adherent), regarding entities to which it provides goods and services (debtors).

Participants in the factoring relationship

  • Factor - Bank to which the credit is ceded and, as a result, assumes responsibility for collecting it from the debtor
  • Subscriber/Adherent - Client with which the factoring contract is celebrated
  • Debtor – Adherent’s Clients 

There are 2 factoring plans available

  • Easy factoring, a one-off contract
  • Complete factoring, a continuous contract

Benefits

  • Reduction of the administrative workload related to the invoice collection process, follow-up of debtors, communications, issuing of warnings and receipts, allowing efforts to be focused on the production and commercial areas.
  • Guarantee of greater negotiation power when dealing with suppliers and rationalisation of cash management
  • Reduction of possible losses from uncollectables
  • Advance of funds via transformation of credit sales into money
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