Since banks have been increasingly restrictive in their credit policies, more and more mid-sized companies are looking for alternative financing approaches such as factoring. Since the company was founded in October 1996, A.B.S. Global Factoring has developed into a full-service factoring specialist for mid-sized companies. This service company, which operates independently from any banks, finances a company's receivables to translate revenues into immediate cashflow. A.B.S. also helps secure its clients against potential bad debt often taking over their entire debt managemen including accounting support, regular credit assessments, dunning processes and collections.
Paperless from the Beginning
A.B.S. Global Factoring purchases receivables from both domestic and foreign companies, turning these amounts into cashflow for their clients. This financial services firm has a client base of about 100 mid-sized companies, whose debt recovery needs encompass approx. 60,000 receivables. Thanks to Integrated Document Management, their clients can always stay current on the status of their receivables with a few clicks of a mouse.