Today, factoring is a $200 billion dollar industry. It is better known in Europe than in United States. In Europe it is primarily used as a source of funds for un-bankable businesses. However, Canada is considering mandating that their banks refer clients that they turn down for loans to factoring companies.
Why should you Attend:
Companies should push their bank to consider factoring as a viable lending component to any financing program. Small to mid-sized companies, who are crying out for working capital, make up a ready market for factoring.
Companies should not use factoring to replace bank lending. Rather, it should be a complement to the bank's full set of offerings. Companies that engage in factoring, with banks or with other financers, should expect to pay double-digit annualized rates for the convenience of immediate cash payments.
Banks that enter or re-enter the factoring business also should be aware that unless they take advantage of the technologies and automated applications now available, factoring will still be a paper-intensive process.
However, with the new automation and better electronic processing, the risk is manageable for both sides.
Areas Covered in the Session:
- Myths and Realities
- When Should Businesses Factor?
- Fragmented Market Place
- The (Missing?) Link to Receivables Management
- Interesting alternatives
- New Face of Factoring
- Factoring 201
- Recourse Options (Risk)
- Fees and Rates
Who Will Benefit:
- Corporate treasurers
- Bank lenders
- Business development bankers
Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research at TowerGroup; best practices internet security, policies, and procedures at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company.
If the Webinar on The New Face of Factoring is important to your business, act now and make the appropriate connections. See the contact information below.
|Conference/Event Dates:||04/28/2016 - 04/28/2016|
|Conference/Event Hours:||60 Minutes|
|Other Industries:||Banking-Money-Finance, Business|
|Cost to Attend:||One Dial-in One Attendee Price: US$150.00|
Business development bankers
|Number of Exhibitors:||1|
|Booth Size||Booth Cost||Available Amenities|
|Marketing Vehicles Allowed:||Call|
|Other Booth Sizes Available: n/a|
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