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Factoring Services
Factoring Services
HSBC offers Factoring Services in Pakistan. Our Factoring team has the experience, resources and technical capabilities to support the needs of your business from local to the global level.
What is Factoring
Factoring combines sales-lined finance, bad debt protection, payment collection and transmission services that helps businesses to compete with local suppliers on equal trading terms. Quite simply, if a business is trading with another business on open account credit terms, HSBC Factoring Services has the potential to help grow business sales, speed up cash flow, collect payment on invoices and, in selected cases, even protect business from the risk of bad debt.
BENEFITS OF FACTORING TO YOUR BUSINESS IN PAKISTAN:
- Flexible finance enables you to accept new orders with confidence
- Available funds can help to give you greater buying power with your suppliers
- It helps you avoid the dangers of over-trading
- Your funding keeps pace with your sales setting up new limits and reviewing those in place is now quicker and easier
- Based on sales invoices, additional fixed asset security is not normally required
- Protects your profits and cash flow against the ever-present trade credit dangers of bad debt (with pre-approved individual debtor limits)
- It helps to release additional time and resources (from chasing and processing payments) enabling you to concentrate on your core business activities
- Our international factoring correspondents across the globe have country specific knowledge and can correspond with your buyers in their own language
Range of Factoring Services
- Finance against invoices benefit from the HSBC pay for funds in use service
- Sales ledger administration related to account receivables
- Collection of receivables we take great care to support your hard won customer relationships - collecting tactfully, efficiently and effectively
- Credit vetting of buyers
