Factoring Financing
- Χρηματοοικ. Ασφαλιστικά Τραπεζικά - Λογιστικά/ Έλεγχος/ Φορολογικά
ΠΕΡΙΓΡΑΦΗ
Factoring is a type of finance in which a business would sell its accounts receivable (invoices) to a third party to meet its short-term liquidity needs. Under the transaction between both parties, the factor would pay the amount due on the invoices minus its commission or fees.
This course will provide a working knowledge of factoring, including its various types and applications; pre-activation; monitoring; and daily transaction controls. Participants will learn how international factoring can help exporters gain a competitive advantage, the benefits of reverse factoring and the different types of supply chain financing products. Other topics covered include the legal and accounting aspects of factoring, as well as effective selling strategies you can use to boost sales and how to best manage and analyse risk.
ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ
By the end of the programme, participants will be able to:
- Define the concept of factoring and illustrate how it works with practical applications
- Define and differentiate the various types of factoring, including reverse factoring
- Describe the onboarding and funding process of reverse factoring
- Practice the additional controls for non-notification factoring
- Sell factoring more effectively through need-based selling, objection handling and probing questions
- Explain how international factoring helps exporters remain competitive
- Explain the roles of the various parties involved in international factoring
- Demonstrate the benefits of reverse factoring to the anchor buyer and the supplier
- Explain unfactorable debt and its risk mitigation
- Illustrate the types of limits in factoring and the importance of setting limits
ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ
The programme is ideal for the employees of Hellenic Bank.
- Banking professionals
- Internal Auditors
ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ
Training Outline
Fundamentals of factoring
- Factoring definition and interpretation
- The usefulness of factoring for both SMEs and factors.
- The Story of Factoring – a short history of how factoring d began and why it is important
- Role and responsibilities of a factor
International factoring
- Two Factor System
- Single Factoring System
- Direct Factoring System
- Direct Import Factoring
- The Process of International Factoring
Reverse factoring & supply chain financing
- Understanding the Supply Chain
- Global Trade, and the increased role of Open Account solutions
- A briefing on Payables Finance and its Variations
- Reverse Factoring – The Role of the Buyer
- Establishing a Reverse Factoring Programme
Operation aspects of factoring
- Overview of the factoring operation
- Pre-activation
- Monitoring
- Daily transaction controls
Seller, buyer, import factor, credit insurance management.
- How to identify and manage the risks of the seller and buyer.
- buyer’s risk mitigation through the import factor and credit insurance.
Legal and accounting aspects of factoring
- How the factor’s interests can be protected against competing interests.
- The accounting aspects of how the seller’s and factor’s books are recorded.
Training Style
By combining theoretical foundations with practical applications from actual companies, local and international, interactive activities, and collaborative group discussions, this training style aims to create an engaging and effective learning experience for participants in the field of factoring.
CPD Recognition
This programme may be approved for up to 8 CPD units in Accounting and Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Πληροφορίες Εκπαιδευτή
Αναλυτικό Κόστος Σεμιναρίου
- € 250.00
- € 0.00
- € 47.50
- € 250.00
- € 297.50
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ
Πέμπτη - 27 Φεβ 2025
Ώρα
09:00 - 13:30
ΕΚΠΑΙΔΕΥΤΗΣ:
Μάριος ΜόρτηςΤοποθεσία:
OnLine Virtual Classroom
Πέμπτη - 06 Μαρτίου 2025
Ώρα
09:00 - 13:30
ΕΚΠΑΙΔΕΥΤΗΣ:
Μάριος ΜόρτηςΤοποθεσία:
OnLine Virtual Classroom