Receivables Finance
As a supplier you sell outstanding receivables from customers to a financing partner without recourse.
With Factoring (also known as Receivables Finance), you sell your outstanding receivables from customers to a financing partner without recourse. As a result, you benefit from financial flexibility and attractive conditions.
The buying entity does not have to be involved, as the sale of receivables usually proceeds as an undisclosed assignment.
We offer two solutions for financing your customer receivables: Single debtors and Portfolio.
With the single debtor solution, you flexibly sell selected receivables to banks and factoring companies at financing parameters that you are in control of. An ideal solution for selectively managing liquidity and risks.
With the portfolio solution, you sell your customer receivables portfolio to selected banks and factoring companies on a revolving basis. The perfect solution for corporates that consider factoring as a long-term component of their financing strategy.
Factoring provides early liquidity by selling your own receivables before their due date. Thus, you optimize your cash flow and become independent of agreed payment terms. Liquidity generated can be used for new projects or to repay your own liabilities.
By selling your own receivables, you assign 100% default risk to the financing partner, the so-called factor. As a result, you minimize your own balance sheet risk and increase your liquidity.
With factoring you can sell your receivables to financing partners of your choice. Possible funding restrictions of individual financing partners are compensated by the CRX Marketplace multi-funder approach. In addition, the sale of receivables takes place on the basis of parameters defined and controlled by you.
How it works?
Clients who trust us
"The CRX marketplace offers a unified approach for our suppliers and is therefore a great fit to strengthen our supplier relationships. It also gives us the opportunity to work more closely with our partner banks while increasing liquidity and transparency."
Lee Edwards | Group Treasurer, Nestlé
"Supply chain finance with CRX Markets enables us to foster long-term partnerships with our suppliers while improving our financial position. CRX Markets' reliable and continuous support and non-bank financing options are crucial for us to realize the benefits of supply chain finance."
Johan Gyllenhoff | Head of Finance & Group Treasurer, Vattenfall
"With the reverse factoring solution from CRX Markets, we have successfully established another important component of working capital optimization. The supplier financing solution from CRX Markets offers the ideal framework for rolling out the program across national and international SAP company codes."
Johannes Helfrich | Treasury Manager, Doehler Group
"The collaboration with CRX Markets facilitates access to growing markets such as supply chain finance through the securitization of Approved Payables. In particular, CRX Markets' strong expertise, transparency, ease of use and automated processes convinced us to expand our partnership."
Thomas Finkenzeller | Senior Vice President, Portfolio Management, PIMCO
"With CRX Markets, we have found the right partner to optimize our working capital and account payables. We appreciate the high quality of service, the competence and expertise as well as the professional implementation and support of the entire project. "
Frank Kieras | Director Treasury Eckes-Granini Group
With more than 50 financing partners, including banks, institutional investors, and factoring companies, we provide an extensive and diversified pool of liquidity via our CRX Marketplace.
Have we caught your attention?
Talk to our sales team. We’d be happy to show you in a demo what CRX Markets can do for your company.