DS-Concept Factoring

DS-Concept Factoring GmbH is a factoring company founded in Mönchengladbach / Germany. Our main aim is to offer fast access to financial funds to companies doing business with commercial buyers from the European Union and the USA, and provide them with financing and protection from credit losses on sales, improved liquidity and financial flexibility. We have a large experience in the field of international factoring with offices in Germany, Bulgaria, Turkey, USA, Pakistan, Egypt and Dubai. Our largest branch in Istanbul/Turkey provides with financial services more than 100 local companies with over 400 Mio. ? turnover p.a. Since 2004 DS-Concept Factoring provides its financial services to Bulgarian companies. In Bulgaria our company offers the full spectrum of factoring services including: Export, Import and Domestic Factoring. How does it work? Factoring is simply a unique package of services designed to ease the traditional problems of selling on open account. Factoring offers you fast payment against your sales and allows you, at a cost, to increase your working capital based on your sales. The biggest advantage of factoring is that it provides a large and quick boost to your cashflow. It includes services investigating the creditworthiness of buyers, assuming credit risk and giving bankruptcy protection against write-offs, collection and management of receivables Factoring is very simple and reliable, Once the goods have been shipped, the factor will advance on the same day 80% of the invoice value to the company/seller while the remaining 20% is paid after the debtor (customer) settles his debt on the due date. Advantages: Factoring may be very valuable for businesses that are short of working capital or fast growing companies. - The delayed payment of your customers is not a problem for you any more - Cash is released as soon as orders are invoiced and is available for capital investment and funding of you next orders. The company may use the supplyer’s discount for fast paymens. - Some customers may respect the factor and pay more quick - You may be given useful information about the credit standing of your customers - The Factor can prove an excellent strategic and financial resource when planning business growth and negotiating new orders - Your company will be protected from bad debts with the help of the financial insurance made by Euler Hermes Kreditversicherungs AG To its Bulgarian customers DS-Concept Factoring offers Import Factoring since 2005. This financial service gives you the opportunity to finance your imports from suppliers all over the world without using you credit line for the purchase of goods and services from abroad.