FINANCING AGAINST RECEIVABLES:
The finance provided by SBIGFL is flexible and linked directly to the client's sales. Finance is made available upto 90% of the invoice value. For export transactions, SBIGFL gives the option to avail funding either in USD, GBP, EURO or INR.
SBIGFL provides export factoring under two factor model of Factors Chain International (FCI). In case of protracted default or insolvency of the buyer, except in case of trade/quality disputes, the credit cover provided by Import Factor, mitigates the risk of non-payment to the seller.
SBIGFL undertakes follow-up for collection of receivables which relieves the seller from this onerous task. SBIGFL has systems in place for tracking receivables on an invoice to invoice basis.
PROFESSIONAL SALES LEDGER MANAGEMENT & MIS:
SBIGFL offers to its clients the complete sales ledger maintenance.
The web-based solution of SBIGFL provides its client an online access to their account statements.
ONLINE PORTAL ACCESS:
SBIGFL provides an e-platform to its clients and their buyers (debtors), whereby
This facilitates hassle-free and prompt funding to the Client.
- Client can upload the invoices on the system,
- Debtor can acknowledge the invoices online.
- Debtor can raise dispute, if any, and Client can resolve it, on the system.