Vantargis factoring provides free factoring-check carriers at Munich, 03.12.2008 it makes the current financial crisis particularly difficult to secure their liquidity the nearly 20,000 German forwarders. Many small and medium-sized forwarders have full order books and want to expand the business, but financially quickly reach their limits, when their customers long payment targets. Finally, the truck, diesel, toll and personnel costs must be paid on time. Factoring can while creating as alternative funding solution and sustainably secure the liquidity of the company. The entrepreneur receives an immediate inflow of liquidity through the sale of its assets. He does not wait until the customer pays the outstanding bills, but gets his money within two business days. The Vantargis factoring trucking companies now offers a free factoring-check.
Interested parties can contact 089 242 937 318 non-binding information whether factoring can be used in your company, where the benefits There are and how much the whole thing. Transport companies have to consider whether they can permanently safeguard their liquidity with factoring the possibility in the brief telephone conversation”, explains Marco Frohlich, Manager of the Vantargis factoring. Should miss no company this service”. Factoring for trucking companies: a practical example In the fictitious case study the Rais forwarding factoring for their growth inserts. The Rais forwarding generated an annual turnover of around 700,000 euros in 2007.
The business focuses on trips of finished products and dairy products for further processing after Italy. Although the order situation is good and running the business, it is still due to the long payment terms of up to 90 days again and again to liquidity bottlenecks”, explains managing director Herbert Rother the situation. The Bank did not further increase the existing overdraft due to lack of additional collateral and introduced them to a factor. Bank found in common conversation and Entrepreneurs a consensus that when using by factoring the existing overdraft to 20 percent should be reduced. To ensure a sufficient financing ratio even with this reduction. So we save on borrowing costs and take no additional collateral”, explains Rother. Factoring so simply work’s as soon as the delivery of the respective driver arrived, exhibiting the forwarding invoices to customers. Parallel, the factor receives them for processing. Within two working days so 80 percent of the invoice amount to our account are credited”, Rother is pleased. For the customers, almost nothing has changed, because they simply transfer the balance to another account number. This is noted on the invoice. In addition to securing the liquidity, the now near-zero ongoing bad debts are a crucial reason for the use of factoring. We have fallen several times on the belly, as we have done business with customers, by the factor insurances were rejected. From this we have learned”, so Herbert Rother. After the liquidity is secured, the Rais forwarding plans further growth and diversification into other areas such as the then fast-growing plastics industry. Prospects for more information see. There also the 50-seitige free factoring guide can be ordered. Background to the Vantargis factoring the Vantargis factoring GmbH is a bank-independent factoring company. The company financed small and medium-sized enterprises with an annual turnover of up to EUR 10 million nationwide as a full service provider in the factoring. Here, the Vantargis factoring GmbH with finance, insurance of bad debts and Receivables Management combines all aspects of factoring in any service. For companies from 10 million Euro turnover is factoring also implemented in the in-house procedure. Questions or more information: Vantargis factoring GmbH Widenmayerstr 28 80538 Munich Ilka Stiegler corporate communications phone: 089 2429373-18 E-mail: