Factoring

Don't let long payment terms and unpaid invoices slow down your company's growth any longer. Choose financial freedom with factoring and complete risk protection. No missed opportunities, just improved cash flow. We buy your invoices and provide immediate liquidity so you can focus on growth and success.

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Accelerate your cash flow

Factoring is a form of financing that accelerates the growth of SMEs by improving their cash flow. With our label, Faqtoring, we offer a solution for long-term customer payment terms. We buy your outstanding invoices, arrange immediate payment and fully take over debtor management and risks of default.

Factoring management

The Faqtoring portal offers a user-friendly experience for SMEs. You get full control over your factoring process, while we ensure smooth and worry-free processing behind the scenes. Simplify your billing process and let us bear the financial burden.

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Experiences

“Thanks to our partnership with Faqtoring, our freelancers have the flexibility to choose when to get paid. The processes are smooth and communication is clear. I would recommend this to any organization as a valuable additional service for their freelancers.”

Frank Oudshoorn

Managing Consultant, DIQQ

JAN 14, 2023

The benefits of
factoring with QGROUP

Direct payment for outstanding invoices without risks.

Improved cash flow and financial stability for investing.

Fewer administrative burdens, so you can focus on business growth.

Frequently asked questions

What is factoring?

Factoring is a financing method where a company sells unpaid invoices to a factoring company. In return, the company immediately receives part of the invoice amount.This helps companies to get paid quickly and to transfer the risk of late payments or default.

Can I upload all my outstanding invoices?

No, you can only upload outstanding invoices with a value above 5,000 euros.

How fast are invoices paid out?

We use various factoring packages with varying payment terms, ranging from less than 24 hours to a maximum of 5 business days.

What happens if the debtor goes bankrupt?

If the debtor goes bankrupt, this has no consequences for your company. Faqtoring works with non-recourse factoring (without a right of recovery), which means that we are responsible for the risk of default.

What documents and information are required for the factoring process?

The factoring process requires a variety of documents and information, including:

· Invoices
You need copies of all outstanding invoices that you want to submit for factoring.

· Delivery receipts
It is important to provide proof that the goods have been delivered or that the services have been completed. This can range from receipts to confirmations of completed projects.

· Debtor information
Provide basic information about your debtors, including their name, address, and contact details. This helps identify the parties you do business with.

· Invoice terms
Please ensure that copies of the invoices are provided that clearly state the terms of payment. This is necessary to manage expectations with regard to payment terms.

· Contracts and agreements
Provide the contracts and agreements you have with customers. These documents specify the nature of the goods or services provided, as well as the associated payment terms.

· Identification certificates
Make sure you have the identification documents of the persons authorized to sign the factoring agreement on behalf of the company. This ensures the validity of the agreement.

· Bank details
Provide the necessary bank information to receive payments. This is crucial for the rapid processing of financial transactions.
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· Debtor creditworthiness
Information about your customers' creditworthiness is required. It helps us assess risk and determine financing options.