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Factoring - the smart working capital financing using the example of Piasten GmbH
Factoring has once again shown itself to be a smart addition to classic financing products, especially in the current uncertain times. Whether for restructuring, growth scenarios or preparing for imponderables - factoring is a suitable product for freeing up liquidity and thus increasing the agility of your own company. In addition, the receivables sold are 100% secured and are no longer included in the company's own balance sheet due to the so-called "true sale". A practical example illustrates the advantages and shows what needs to be considered during implementation.
