Sberbank Factoring LLC: reviews about the company

In order to effectively use resources and reduce dependence on the Central Bank, the country's largest financial institution in 2014 brought a new subsidiary to the market. LLC "Sberbank Factoring" is a member of the Association of Factoring Companies. Only during the first year of work the organization managed to create a professional team and bring competitive products to the market.

Definition

Factoring is the financing of activity under the assignment of a claim. In the relationship between the supplier and the buyer, there is often a need for deferred payment. The buyer increases the profitability of the business, and the supplier grows accounts receivable. In order not to wait for the repayment period from the buyer, you can conclude a factoring contract with the bank.

The scheme

The essence of this transaction is as follows:

• The lender transfers to the factor all documents for the supply of goods and a monetary claim. Between the bank and the client is a factoring contract.
• The factor pays the lender up to 90% of the transaction amount at a time and takes care of all settlements with the debtor. Loans are usually granted for up to 180 days.
• After closing all calculations, the factor transfers the remaining amount to the creditor, minus interest and its commission.

Factoring for suppliers is advantageous because the seller immediately receives working capital, and the buyer pays for what he ordered.

The situation in the market

This segment strongly depends on the demand for the products of customers. Against the background of a reduction in consumption, the conditions for granting financing become tougher. Only in such areas as electricians, computer equipment and jewelry production, in 2015, funding has declined by 30%. A significant role in this was played by the withdrawal from the market of leading companies, as well as the impact of inflation. Taking into account its decline, the market for 2015 was 15%. At the end of the year, the aggregate portfolio for all operations amounted to 255 million rubles. The turnover of the factoring market in 2015 decreased by 7% due to increased risks from customers. Until then, a similar decline was observed in 2009.

Despite the temporary deterioration of the situation, the potential of the market is huge. The number of active clients for the year increased almost twofold: from 6 to 10 thousand companies. The real number of organizations that sell products on deferred payment terms is even greater. To increase the number of clients three times is a very real goal.

VS Factoring

Factoring resembles a credit scheme. But this operation has its own peculiarities.

Achievements

In 2015, five subdivisions were opened in the Urals, in Moscow, in the Southwest, in the Northwest and in the Volga-Vyatka region. In 2016, Sberbank Factoring LLC concluded cooperation agreements with METRO Cash and Carry and APESC, within which firms will receive factoring services on express terms: a quick review of the application and decision making. Profitability of operations is higher than classical lending. The average asset turnover is two months, that is, 6 times a year the companies return the body of the loan and interest.

Plans

Sberbank's subsidiaries have always evolved rapidly. A new organization has set itself the same goals. According to the forecast indicators, the volume of business of Sberbank Factoring LLC by the end of 2016 should be 30 billion rubles, by 2017 - 90 billion rubles, and by 2018 - up to 240 billion rubles. According to AFC, in 2014, the portfolio of all companies on the market was 309 billion rubles, of which 68% accounted for the top five market leaders: VTB Factoring, Promsvyazbank, Alfa-Bank, Gazprombank and Petrocommerce ".

Overvalued standards are recognized even in the company itself. The organization's development strategy for the next 5 years has not yet been approved. Therefore, the published figures refer to the technical task rather than the developmental benchmarks. The goal of Sberbank Factoring LLC for the near future is to provide services to small, medium and large businesses.

It will not be easy to achieve the set goals of the company. At the same time, unlike most market participants, Sberbank has a large amount of liquidity and has access to cheap funding. That is, the organization will be able to offer lower rates on the market. And the market itself from the emergence of a major player will only benefit, having received a new impetus to development.

Services of LLC "Sberbank Factoring"

One of the conditions for concluding a contract is the supplier's cooperation with the buyer for a minimum of two months. If both sides of the transaction are within the same country, then the contract of internal factoring is concluded, if in different - external factoring.

Terms of Service

• The transaction currency is rubles.
• The term is unlimited.
• Deferred payment - up to 180 days.

When you make a transaction, you do not need a security deposit. But the terms of the contract may provide for the right of the regression requirement. If the debtor does not pay off the debt, then the company can claim back all the payment from the client, taking into account the commission.

Reviews of the company

The great advantage of working with the company is that the organization is ready to finance contracts even with new market participants who are still inexperienced in their field of activity. In particular, this applies to small and medium-sized businesses, with which banks under standard contracts are not ready to work.

Of course, the company's shares do not apply to all participants in trade and economic relations. Reviews about the company confirm that, for example, an increase in the funding limit is possible only three months after signing a contract with the organization and only with respect to reliable partners. After all, in periods of a jump in the exchange rate, delays in debt repayment are unavoidable. If the client has concluded a contract with a factor with a right of recourse, then he will not get any benefits from this transaction. Transactions without this clause in the contract are more expensive, as the risks of the financial company are increasing.

Much depends on the deadline for submission of documents. On average, the history of partner cooperation is checked up to 7 days. At the same time, you need to provide all the detailed information about purchases and terms of payment for invoices for past periods. But if during the consideration of the application one of the documents ends with a "shelf life", then the package will have to be updated. However, this problem can be eliminated by presenting a complete package of client documents at once.

E-factoring

In November 2015, the first factoring contract was signed electronically between partners in Moscow and St.Petersburg. E-factoring technology eliminates paperwork, the costs of their delivery, as well as errors in manual data entry. All data exchange takes place via electronic systems. This technology greatly simplifies the process of concluding a factoring deal between customers in different regions or countries. The transaction was supported by KORUS Consulting CIS, a subsidiary of Sberbank, which is the leading EDO operator on the retail market.