20/10/2006GE Commercial Finance signs its largest factoring deal. 15/12/2004 Factofrance launches e.f@ctoring , a new online factoring service offering on-the-spot financing and accounts receivable management 10/09/2004
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14/04/2004
Thierry Willième, who joined GE Factofrance in September, has been appointed Managing Director of the company.
15/11/2003
GE Factofrance, a subsidiary of the General Electric Group, has acquired an interest in TRUST & PAY, a company that specialises in electronic invoicing and is a JOINT VENTURE formed through an initiative of the BRED bank and b-process.
The Factofrance group
The Factofrance group, France's biggest factor with almost € 22 billion of receivables financed, comprises Factofrance, a subsidiary of GE Commercial Finance, Factobail, Cofacrédit, through its partnership with Coface, Hervet Factor, which it owns jointly with HERVET Bank, and Factocic, jointly owned with the Crédit Mutuel/CIC. The company has been at the forefront of advances in technology for the last 20 years and has recently introduced an electronic signature system for secure transactions with its clients.
GE Commercial Finance
GE Commercial Finance offers a range of business solutions and financial services to companies worldwide. Its headquarters are in Stamford, Connecticut, and it has assets of over $220 billion. It is a subsidiary of General Electric (NYSE code: GE) a company operating in sectors as diverse as technology, the media and financial services. For more information, visit the group's website at www.ge.com.