Highlights of SBIGFL Services

FINANCING AGAINST RECEIVABLES:

The finance provided by SBIGFL is flexible and linked directly to the client's sales. Finance is made available upto 90% of the invoice value. For export transactions, SBIGFL gives the option to avail funding either in USD, GBP, EURO or INR.

CREDIT PROTECTION:

SBIGFL provides export factoring under two factor model of Factors Chain International (FCI). In case of protracted default or insolvency of the buyer, except in case of trade/quality disputes, the credit cover provided by Import Factor, mitigates the risk of non-payment to the seller.

COLLECTION SERVICE:

SBIGFL undertakes follow-up for collection of receivables which relieves the seller from this onerous task. SBIGFL has systems in place for tracking receivables on an invoice to invoice basis.

PROFESSIONAL SALES LEDGER MANAGEMENT & MIS:

Increased liquidity enables the Seller to increase his client base.

The web-based solution of SBIGFL provides its client an online access to their account statements.

ONLINE PORTAL ACCESS:

SBIGFL provides an e-platform to its clients and their buyers (debtors), whereby

  • Client can upload the invoices on the system,
  • Debtor can acknowledge the invoices online.
  • Debtor can raise dispute, if any, and Client can resolve it, on the system.

This facilitates hassle-free and prompt funding to the Client.

Copyright © 2024 SBI Global Factors Limited. All Rights Reserved.