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Follow on Google News | Equitable Settlement AG – Swiss Factoring-Business on Course for GrowthSwiss financial service provider gains rapid importance with efficient accounts receivable management for SMEs – customer base grows significantly – Enormous Potential on the Market for Single Invoice Discounting
By: Equitable Settlement The Market for Single Invoice Discounting brings enormous potential: In Germany, Austria and Switzerland alone, B2B receivables of several hundred billion euros become outstanding – an ideal business environment for Equitable Settlement AG, who stands out through constructive actions and solution-oriented proceedings for creditors and debtors. Bearing in mind, that in the business year 2007, Equitable Settlement AG’s customer base has already been more than sextupled; the amount of the assigned receivables has increased tenfold. This rapid development has been exceeded in 2008. Through the progressing shortfall of banks and as a creditor for SMEs (Basel II-accord, “credit crunch”), Factoring Businesses increasingly gain importance, as reliable partners for medium-sized businesses. With their special-solution offers in the field of Factoring, Equitable Settlement AG also reaches smaller companies as clients, which would have fallen through the cracks, due to laborious examination process, had they contacted other suppliers. The possibility to provide its debitors with the desired payment targets, still winning fast liquidity, is a valuable advantage in competition for entrepreneurs. One of Equitable Settlement AG’s characteristic is the approach to find realistic and fair solutions, with creditors and debtors, for the payment of such receivables. A chance needs to be established for the debtors, to remain solvent and creditworthy, shall payment difficulty arise. Only if amicable solutions are not possible, despite all the efforts, or when a client emphatically wishes so, legal actions will be taken. “We are particularly proud of our efficient Legal Department, who supports our clients dynamically and on a professional basis on the enforcement of their receivables” Before Equitable Settlement AG accepts receivables from entrepreneurs, an extensive assessment is undergone, by means of a debitors-profiling- Media/ PR contact: Fr financial relations gmbh Kristina Ducke Tel.: +49 (0) 69 / 959 083 10 Fax: +49 (0) 69 / 959 083 99 Email: k.ducke@financial- Web: www.settlement.ch # # # Equitable Settlement AG, with Head Office in Switzerland and branch offices in Europe and America, is an innovative and international financial service provider, with a focus on receivable trade. One of Equitable Settlement AG’s core competences is the collaboration with creditors and debtors, to find realistic solutions for the payment of such receivables. Equitable Settlement AG’s clients are SMEs, e.g. trade and repair businesses, service providers, industrial businesses and wholesalers. Equitable Settlement AG’s special range of services contain, amongst others, Single Invoice Discounting, Factoring (in the three variants: Single Invoice Factoring, Selected Debtors Factoring and Full Service Factoring), Clearing (the coordination within the flow of payment, especially foreign business transactions) End
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