To meet market demand during the Christmas campaignsmall and medium-sized enterprises (SMEs) seek to access additional financing to help them buy more merchandise to meet increased demand. In that scenario, the factoring It has become the best alternative to obtain liquidity if sales are made on credit, since it is fast (disbursement on the same day), little documentation is required, and the customer accepting the invoice is qualified and not the issuer.
“This financial tool helps businesses obtain liquidity through their own invoices, passing them on to a third company that is in charge of collecting them when due. Implementing this financial resource is beneficial for companies during these seasons, because it thus streamlines business relationships with customers.”, says Marco Yagui, general manager of Contempora Peru, a financial solutions company.
It should be noted that from January to September 2022, there were 15,102 companies that negotiated factoring operations in Peru, of which 83% were micro and small companies. In this line, the executive explains some aspects that must be considered to obtain financing through factoring.
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- Multiply your working capital: With the use of factoring you can multiply your working capital by charging the same day you invoice, obtaining liquidity to buy more merchandise and consequently sell to more customers.
- Lean on your factoring executive: Your factoring executive is your ally, if you have new clients in the campaigns, contact your executive to find out if your client is subject to credit and if you can sell to them in installments, remember that factoring companies have the tools to investigate the capacity payment of all companies.
- You need a minimum of 3 factoring companies: It is advisable to have at least 3 factoring companies so that in times of higher billing such as July and December you do not run short of lines.
- Stay active: If you sell in installments in this campaign, do not remain static. Only the first 9 months of 2022, more than 12,500 Small and Micro-enterprises carried out factoring operations in Peru and it grows year by year.
Given this, Contempora Peru presents itself in the Peruvian market as a fundamental player for the Peruvian financial sector with a 100% digital service platform and experience of more than 25 years in the factoring business in Chile.
