FactorPlat Results 2019: More than 1.15 Million E-Factoring Transactions
MainAbout UsNewsFactorPlat Results 2019: More than 1.15 Million E-Factoring Transactions
Electronic factoring platform FactorPlat summed up the work results in 2019. For last 12 months through it more than 1.15 million e-factoring transactions are made.
The peak of the deliveries, which received factoring financing, traditionally fell on October — December. Along with increase in number of tripartite transactions on the basis of the electronic documents certified by the electronic signature, also the total amount of financing, which was received by suppliers of retail chain stores through FactorPlat increased: from 1,55 billion euro in the 2018th to 2,14 billion euro in the 2019th. The average amount of delivery was 1800 euro.
The number of the suppliers, connected to the platform, increased from 800 to 1070. Mainly it is representatives of small and medium business. As of the end of 2019, 42 factors worked with FactorPlat.
Alexander Mishunin, the FactorPlat project manager
— Our forecasts for penetration of technology of electronic factoring into practice of business continue to come true. It is obvious, that paperless data exchange — that driver, which allows debtors to build effective management of the current debt and to save resources, to suppliers — quickly and to easily receive cash, and to factors — to reduce labor costs on verification. It became a good rule and a peculiar standard of the industry. We expect expand a scope of penetration of electronic factoring.