Factoring with Frienton
Factoring mit Frienton
Question:
What does factoring mean and how can I use it via Frienton?
Answer:
Factoring is an instrument of liquidity management: you sell open customer receivables to a factoring provider and receive the amount (minus a fee) paid out in advance.
This improves your cash flow and reduces administrative effort through outsourced dunning and receivables management.
When is factoring useful?
- Your customers pay late or not at all
- Your debtor days are increasing
- You don’t want to deal with reminders and collections
- Your liquidity is tight, and you need quicker access to money
Frienton & ARC – the integrated solution:
Together with the provider ARC | B2B-Factoring, Frienton offers a fully integrated solution for transaction-based, non-recourse factoring.
Services & benefits:
- Simple application in Frienton:
Directly from your accounting, you can transfer open receivables to ARC with one click.
- Fast payouts:
Within 3 working days after submission (minus fee & VAT)
- Full service:
ARC handles dunning, collection, and customer communication in case of late payments.
- No obligations:
- No cancellation period
- No minimum turnover
- No long-term commitment
- Transparent conditions:
Current terms directly from the provider (attractive & transparent all-inclusive fee)
How to link your Frienton account with ARC:
The technical connection takes place directly via the API in Frienton.
Information on activation is available under Settings > APIs & Integrations > ARC > More info and via our customer service.
Note:
The offer relates to “recourse factoring,” i.e., in the event of payment default, your company still bears the default risk.
The advantage lies in the immediate improvement of liquidity and the relief in operational receivables management.
Updated on: 02/11/2025
Thank you!