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Benefits to Sellers |
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Benefits to Sellers |
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Can sell on Open Account Terms
Under factoring, a seller need not open LC's / Bank Guarantees and can deal on
open account terms with his buyer.
Immediate and Flexible Finance supports growth
Seller is financed upto 95% of the invoice / bill value on submission of the requisite documents.
Not Collateral Linked
SBIGFL's facility is flexible and directly linked to client's sales.
Collection and Follow ups
SBIGFL assumes responsibility of collection and follow up of receivables. This also includes follow ups on payments not received on due date.
MIS
SBIGFL provides its clients a variety of MIS reports as and when required. Clients also have online access to their accounts via a web based solution provided by SBIGFL.
Credit Protection & Management
SBIGFL provides credit protection against payment default of buyer.SBIGFL also provides overall credit management such as setting debtor limits and tracking changes in the quality of debtors |
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