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.
