What We Offer

Collection service

•   Reduced administration costs
•   Allows the seller to focus on the key tasks of production and sales rather than having to dedicate time and energy to collecting money for services and products already delivered
•    Eliminate the hassle of having to constantly follow up with your customers to ensure your business is getting paid for the products or services sold
•   Access to a better collection management service meaning faster payments, which in turn means lower financing costs for your business
•    Helps you maintain a healthy relationship with your customers

Professional sales ledger and bookkeeping management services

  Alongside reducing administration costs, our factoring team takes the seller’s buyer accounts onto its books and updates these accounts with all transactions including invoices, credit notes, payments, etc. When appropriate, the factor sends statements to the buyers showing what should be paid to the factor and the composition of the amount. The seller receives regular reports on the status of the ledger and so is able to stay fully informed about the performance of their accounts receivables

Guarantee Service

•   This entails the factoring company guaranteeing the payment of the factored financial rights at their due dates by covering the risk of non-payment by the buyer, both domestically and internationally (export factoring), provided that the rights are undisputed and within the specified risk/guarantee limit for each buyer.

Collection Service

•   This involves the factoring company following up and collecting the financial rights from the debtors at their due dates and providing reports to the seller.

Domestic Traditional Factoring

•    (The seller and buyer are registered or residing within the Arab Republic of Egypt) This service is offered when a seller wishing to benefit from factoring services notifies the factoring company of their current/future debtors arising from the sale of goods and services, along with the necessary information and documents regarding the transactions that generated the financial claims to be factored. After reviewing these documents, the factoring company presents the seller with a factoring agreement that outlines the services to be provided, the obligations of both the factoring company and the client, the maximum financing limit, the value of fees, commissions, and expenses to be collected. The factoring agreement is then executed between the factoring company and the seller, whereby the factoring company purchases the financial rights owned by the seller arising from their commercial transactions in exchange for the seller assigning these rights to the factoring company in accordance with the provisions of the Civil law. The debtor must be notified of this assignment in accordance with the rules of the Financial Regulatory Authority. The factoring service can be provided without recourse to the seller, in which case the factoring company assumes the risk of non-payment by the debtor. Alternatively, it can be provided with recourse to the seller, in which case the seller is responsible for repaying the financial rights if the debtor fails to do so at the due date, all in accordance with the terms of the factoring agreement.

International Export Factoring

•   This factoring service is considered international when either the seller or the buyer is registered or resides outside the Arab Republic of Egypt. It is similar to the domestic traditional factoring service, with the possibility of the factor providing guarantee and collection services through a correspondent factor contracted with our company through the International Factoring Association. The factoring company obtains sufficient information about the foreign debtor from the correspondent factor, as well as the value and limits of the guarantee allocated to the debtor.

Reverse Factoring/Purchase Factoring

•   This is a financing system whereby the factoring company purchases the financial rights (current and/or future) due from the debtor/buyer (the factoring company's client), enabling the client to purchase from their suppliers under credit terms while making immediate payments to their suppliers through the factor. In return, the factor receives a bill of exchange for these factored financial rights from the buyer's suppliers upon immediate payment of their claims by the buyer.