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Kredyt Bank awarded with the support of Comarch
Kredyt Bank, whose factoring business is supported by Comarch systems, was awarded Symbol 2012 in a Polish Factoring category – a distinction of Monitor Rynkowy, which is a supplement to Dziennik Gazeta Prawna daily newspaper.
‘The Comarch system provides Credit Bank with IT support of processes related to factoring transactions and guarantees remote access for the bank customers, including suppliers and debtors via dedicated web-portal. This not only builds a new channel of cooperation, but owing to real-time transactions, it shortens the process of launching funds’, says Stanislaw Drosio', Business Solution Manager at Comarch SA.
‘Comarch solution helps strengthen our customers’ financial liquidity, because within 15 minutes of placing the order on the KB-eNvoice platform (free access 24 hours a day, 7 days a week) cash is on the customer's account. With the rapid conversion of receivables into cash, customers can better plan their cash flows and offer longer payment terms while maintaining the liquidity of their business. In addition, it is the bank that manages debts and informs customers on receivables and payments statuses’, emphasizes Robert Fedorowicz, Factoring Product Manager at Kredyt Bank.
Comarch Factoring can be integrated both with other Comarch web-based portals, as well as third party factoring transaction systems. The advantage is the intuitive operation of the system with the use of a web browser without the need to install additional software on end-user workstations. More about Comarch Factoring solutions at http://factoring.comarch.com.
Kredyt Bank offers a factoring service primarily to businesses selling goods and services on the basis of a trade credit and looking to quickly raise funds in commercial transactions carried out with deferred payments. The bank buys short-term, domestic or foreign, cash trade receivables documented by invoices, prior to the date of their payment. More about trade finance solutions can be found on the Kredyt Bank web page.