Credit Suisse has launched a new form of financing for corporate clients based in Switzerland. Factoring is designed to meet the growing need of SMEs and larger companies for a financing model that is more closely aligned to their volume of sales.
Under factoring, the cash flow increases in line with the turnover, thus allowing for the targeted acceleration of business growth while ensuring a company’s ability to pay. In addition, factoring can help companies to better manage their accounts receivable and cash flow, improve creditworthiness and protect against non-payment in Switzerland and abroad.
Factoring services from Credit Suisse are available for companies that engage in business-to-business sales with a solid and diversified client base. In addition, those companies must generate annual sales of at least CHF1 million at present or in the near future.
Credit Suisse has established a separate factoring finance center to handle its factoring business. Clients can access their factoring accounts via an internet portal and make payments, generate reports or send electronic invoice information. Costs for factoring are based on the client’s specific needs and the range of services provided by the factor.