Introduction to Factoring

Factoring is one of the non-banking financial instruments which provides working capital and accelerates its cycle. It is a tailor-made package of services designed to secure the receivables collection and improve cash flow, thereby offering a competitive edge in markets, both domestically and internationally. Factoring activity is defined as the purchase by the factoring company of present and future financial rights resulting from selling goods or services and providing other services related to management of such rights. The program will cover the definition, benefits, operations and processes, sales, and marketing as well as risk management & legal issues involved in factoring. Therefore, this training workshop is considered a must-take to ensure a world-class team working on factoring in the different financial institutions.