Internet Factoring Company – Closer to Business – Everything about Small and Medium Business

 

Nearly one third of entrepreneurs in Poland support ongoing operations with external funds, such as a bank loan, a company account limit or factoring. 57.6% of them prefer to borrow money at a fixed place instead of the Internet, because – as they say – the use of financing via the Internet is risky. In the meantime, online factoring can be both secure and cost-effective. What to look for when choosing an online factoring company?

 

NFG Czy preferuje pozyczanie pieniedzy w placowce czy przez Internet

 

Advantages and disadvantages of online factoring

Advantages and disadvantages of online factoring

Microenterprises have problems with paying ZUS contributions, taxes, invoices for business partners and current needs. A modern online factoring service can be a salvage for them, which is becoming more and more popular on the short-term financing market. It is based on the fact that entrepreneurs send their invoices to an external company. This in turn transfers the due amount to their account, which is to be used to repay specific obligations. Everything is done online, and an entrepreneur can in this way obtain even tens of thousands of zlotys in a dozen or so minutes, without unnecessary formalities. The only documents required are NIP, the date of commencement of operations, the bank account number, as well as information on income, revenues and financial charges.

– eFaktoring is a modern financial tool that supports not only the current activity of the company, but also its development. Meanwhile, the research we conducted among entrepreneurs shows that 47.2% of respondents are afraid of financing Internet activity. Hidden costs, phishing of personal data or lack of contact if problems arise are the most common barriers. Over 31% of companies simply do not trust such solutions. It is worth considering why this is so and do everything to make online factoring services more trusted by entrepreneurs – believes Dariusz Szkaradek, President of NFG SA.

 

NFG Czy internetowe rozwiazania sa obarczone ryzykiem

 

X-ray the factor

X-ray the factor

Recently, there are more and more companies on the fintech market that deal with converting invoices into cash. Are they all reliable? The principle of limited trust should be the most appropriate here. It is after all about the entrepreneur’s money and his personal data, which can be used for improper purposes. Before making a decision about cooperation with a factoring company, it is worth paying attention to certain key elements.

• The site first. If instead of the detailed contact details on the website, only the form to fill and e-mail address is displayed – this is not enough. Problems can arise when we want to talk to the counselor quickly, and we can not get through. A fake factoring company may also provide fictitious information on KRS, NIP, REGON, and business registration address on its website. And although elegant photos downloaded from the Internet will try to lull our vigilance – let’s not be confused: check the credibility of the information provided in independent sources, for example: www.krs-online.com.pl, https://krs-pobierz.pl or https://mojepanstwo.pl/. Remember that a reliable factoring company does not avoid giving precise contact details or even the name and surname of an employee who is responsible for relations with clients.

• Another sensitive place is the registration tab, because there we are obliged to leave the most data – this may be a potential place for phishing information about us. Make sure that the “https” element and the closed padlock symbol are visible in the browser’s address bar. This guarantees the safe use of the website and ensures that our data is well protected. Let us also be careful in providing information about yourself. Some factoring companies ask customers for personal data to log in to their bank account. Despite assurances about security, such behavior exposes customers to the risk of sensitive personal data and is often inconsistent with the terms of the agreement with the bank. As a result, it may prevent a bank complaint in the event of theft of funds from a bank account by cybercriminals. So let us pay attention to whether a given company requires providing personal data enabling logging into a bank account or using other, safe solutions.

• Next thing: opinions about the company on the web. Let’s conduct a small analysis and check what the clients who have already used the services of the factor write. What are the ratings. Do they recommend cooperation or strongly advise against it. What they say about costs, time of implementation, quality of service, etc. Let’s see how the company operates in social media. Does he interact with clients, what events does he inform them about, how does he communicate?

• Another issue is recognized certificates and distinctions awarded by independent entities after meeting certain criteria. For example, a Reliable Company certificate, certifying the credibility and solvency of the factor, or prizes awarded by the largest media in the country for flagship products or services.

Check the details

Check the details

Conflicts or hidden costs are not conducive to gaining trust, and the latter is the most worried one, for 41.8% of entrepreneurs.

– Hidden fees and commissions not only raise the cost of obtaining financing. They also make the entrepreneur discourage the company and the service itself. That is why every factor should have business honesty and transparency. All information about fees, as well as dealing with complaints or redress should be easily available on the website – summarizes Dariusz Szkaradek.

 

 

Not such a devil terrible

Not such a devil terrible

Factoring is more than just exchanging invoices for cash – it also includes additional debt management services, such as the possibility of the client’s ordering debt collection for a liable contractor. And this complexity of factoring makes it an effective support in current operations, not only for large ones, but especially for small enterprises that do not have their own debt collection or legal base. The service via the Internet makes it even easier.

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