Highlights of SBI Factors Services
At SBI Factors Limited (SBI Factors), we focus on empowering MSMEs through innovative financial solutions that make managing cash flows easier and more efficient. Our services provide businesses with the flexibility to keep their operations running smoothly, ensuring steady growth and stronger relationships in the market. We are here to help businesses succeed with confidence.
Online Portal Access
SBI Factors provides an e-platform to its clients and their buyers (debtors), facilitating smooth transactions. Clients can upload invoices to the system, while debtors can acknowledge them online. If there are any disputes, debtors can raise them on the portal, and clients can resolve them promptly. This feature allows for hassle-free funding and streamlines the overall invoice management process.
Professional Sales Ledger Management & Mis
SBI Factors enhances sellers liquidity, enabling them to expand their client base effectively. The company's web-based solution allows clients online access to their account statements, offering transparency and ease of account management.
Collection Service
SBI Factors undertakes follow-up for the collection of receivables, which relieves the seller of this demanding task. SBI Factors has robust systems in place to track receivables on an invoice-by-invoice basis, ensuring efficient follow-ups and timely collections.
Credit Protection
SBI Factors provides export factoring under the two-factor model of FCI (erstwhile Factors Chain International). In the event of a buyer's protracted default or insolvency (excluding trade or quality disputes), the credit cover provided by the Import Factor helps mitigate the risk of non-payment to the seller. This credit protection feature ensures sellers toexpand their business globally without the fear of potential payment defaults.
Financing Against Receivavles
The finance provided by SBI Factors is flexible and directly linked to the client's sales. Financing is made available up to 90% of the invoice value, providing sellers with quick access to working capital. For export transactions, SBI Factors offers funding in multiple currencies, including USD, GBP, EURO, and INR, giving exporters the flexibility to manage currency risks efficiently.