Studies such as the European Payment Report (EPR), published annually by Intrum Justitia, point to a sharp deterioration in payment practices in Europe in recent years as well as a rising number of bankruptcies. According to the current EPR, Swiss companies in the B2B sector waited an average of 34 days for payment last year; in the case of orders for public authorities they had to wait 44 days before the liquidity for services rendered could be channelled back into the company.
Abroad terms are often even longer for orders performed: in France, for example, payment terms are routinely 60 to 90 days, while in the USA they are 90 days or more. Our factoring solution reduces these periods to just one day. In this way, A.B.S. Factoring contributes significantly to the optimisation of working capital and releases funds for future investments and expansion.