Factoring

Increase your own liquidity and minimize default risks

On the CRX marketplace you can operate a factoring program, a flexible solution in the field of receivables finance.

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Factoring

In factoring, you sell your open receivables from customers to a financing partner without recourse. The funding partner pays your receivables, less a discount. This gives you financial leeway at attractive conditions. Nothing changes for your customer, because the sale of receivables takes place in form of a silent cession, if legally feasible.

We offer you two solutions for financing your receivables from customers: Single debtors and Portfolio.

Single debtors

With the single debtor solution, you sell selected receivables to banks and factoring companies flexibly at funding parameters that you control. An ideal solution for selectively managing liquidity and risks.

Portfolio

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 a long-term component of their financing strategy.

Our financing partners

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Your advantages at a glance

Optimization of your cash flow

With factoring, you receive liquidity ahead of time by selling your own receivables before their due date. This way you optimize your cash flow and make yourself independent of agreed payment terms. You can use the newly created financial freedom for new projects or to repay your own liabilities.

Risk reduction

By selling your own receivables, you transfer 100% of the default risk to the financing partner, the so-called factor. In this way you minimize your own risk on the balance sheet and increase your liquidity.

Flexibility and 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.

Factoring

How it works?

1

Supplier selects individual customers and uploads relevant data to the CRX marketplace

2

Supplier uploads customer invoices to the CRX marketplace

3

Financing partner analyses offer in CRX portal and defines its financing appetite

4

Supplier receives early payment of the nominal amount minus a discount

5

Financing partner receives nominal invoice amount on maturity date from the supplier

Clients who trust us

"The CRX platform provides a unified approach towards our suppliers and is ideally suited for strengthening our partnerships with our suppliers. Furthermore, it allows us to keep working with our relationship banks while enhancing liquidity and transparency. "

Lee Edwards | Group Treasurer, Nestlé

"We perceive supply chain finance as a crucial tool for strengthening our long-term partnership with suppliers. CRX Markets stands for a highly innovative approach very different from existing solutions offered by banks, not least because it allows for the option of bank-independent financing."

Anja Stranz | Former Head of Cash Management, Vattenfall

"With the reverse factoring solution from CRX Markets, we have successfully established another important component on the payables side for working capital optimization and strengthening our internal financing power. Thanks to the high degree of technical integration (ERP connection) and the bank-independent approach, CRX's supplier financing solution offers the ideal framework for rolling out the program across national and international SAP company codes and taking into account our global sourcing approach."

Johannes Helfrich | Treasury Manager, Doehler Group SE

"The CRX Markets support team provides an amazing experience explaining all functionalities and financing options with the top highest efficiency and professionalism. Not forgetting to mention that, onboarding process and early payment work very fast, delivering a really valued service to the customers."

Tiago Magioni Aouila | Trading Department, Tristão (Supplier of Nestlé)

A marketplace with deep liquidity

As a bank or investor, the CRX marketplace offers you various options for investing in working capital financing solutions. You can purchase receivables from corporates at attractive returns.

Our financing partners

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Talk to our sales team. We’d be happy to show you in a demo what CRX Markets can do for your company.

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