With over 30 years experience in the exporting service, Factofrance remains unrivalled in France with its wealth of knowledge through Cofacrédit, its subsidiary dedicated to the management of export and overseas territories trade debts.
Export know-how at your disposal
Cofacrédit is the subsidiary of two market leaders in their respective trades. Coface is a top-ranking international credit insurance specialist, while Factofrance is the leader of the French factoring market and a subsidiary of GE Commercial Finance, the front-runner of the European factoring market. An import factoring service is also available through Factofrance .
Financing for your export business
Does your cash flow need boosting?
You receive payment for your invoices within 48 hours. This takes the risk factor out of your cash management and allows you to pay suppliers on time.
Do you need flexible solutions to your unique requirements?
Taking into account every specific aspect of your business, Cofacrédit provides you with a financing plan that matches the growth curve of your company. It is perfectly equipped to cater to the potential cyclical nature of your business sector.
Do you aspire to greater independence?
Make room for manoeuvre without compromising your banking relationships. Cofacrédit provides you with services that enable you to rely on alternative sources of financing while ensuring a secure and healthy cash flow.
Let experts manage your accounts receivable (AR)
Outsource your AR
Our expert Cofacrédit teams can run your AR accounting and reconcile settlements as applicable. Through our Facto Net platform, you gain real-time access to your AR when and where required.
Improve your debt recovery system
Take advantage of the expertise of professionals well-versed in the practices of international trade and operating in your preferred languages. The service is backed up by a high-end IT system, including computer-aided invoice reminders that reach your clients anywhere in the world.
Reduce your Average Days Outstanding (ADO)
Cofacrédit offers advice on the most efficient payment methods for each country, enabling you to accelerate payment collection and support your international trade initiatives.
A guaranteed cover against export credit risk
Do you need cover for French overseas territories and departments?
Cofacrédit is the only company to offer 100% cover and recovery and collection services for clients in overseas territories, and committed to keeping you informed of the latest developments. Cofacrédit can also manage your export credit insurance policy.
Are you fed up with foreign currencies and exchange fluctuations?
Cofacrédit guides you to the best financing rates and recommends efficient solutions to eliminate foreign exchange risk.
Rely on our expert international teams
Our staff have proven extensive knowledge of the countries in which your clients are operating, including their legal regulations and pitfalls, their political workings and economic practices. Being multilingual, they are also ideally placed to cope with linguistic and cultural challenges.
