Cross-Border Factoring is the ability of delivering and implementing factoring solutions for companies across the borders. BNP Paribas Factoring offers a Multi-local factoring solution to companies with subsidiaries in other countries.
Multi-Local is designed for companies who are looking for a streamlined cross-border solution which can be coordinated centrally – and implemented locally.
Who can benefit from Cross-Border Factoring Solution?
Our cross-border factoring solution is designed for companies operating internationally, with subsidiaries in different jurisdictions and looking for a coordinated multi-country approach.
Accounting, follow-up (dunning, collection etc.) and financing remain locally.
Why a BNP Paribas Factoring Cross-Border Solution?
Each of our cross-border factoring solutions create different advantages from what you can benefit.
Multi-Local – extensive benefits for our clients:
- Local service with global aspects.
- Standardized receivables management in all subsidiaries.
- Decentralized approach.
- Local contracts between BNP Paribas Factoring entities and client’s subsidiaries.
- At least 1 local contact person appointed per country to streamline communications and centralize business processes.
- Dedicated organization for sales and client management. One single point of contact within BNP Paribas Factoring for coordinating all contracts and for a centralized follow up.
- Client web application which is specially designed according to your needs to monitor and report