Factoring: the star financial tool of 2023, PrestaFlex joins forces with a player with 40 years' experience in the field

Factoring, Switzerland's leading financial tool of 2023: PrestaFlex joins forces with a new partner with 40 years' experience

Welcome to ODIN Factoring SA in our ecosystem of partners. We wanted our customers to benefit from this virtuous collaboration, to make things easier for them in these times of rising prices in the economy.

Why is factoring particularly well suited to the global economic situation this year?

Factoring has become a very popular cash management tool for companies, as it enables them to convert their receivables into cash immediately, thereby immediately lowering overall risks. Companies can improve their cash flow straight away by financing their sales, because they obtain additional liquidity immediately. This enables them to invest in their development and process improvements. It's an advantage and a total relief in a tense macro-economic context, where you have to work better and more efficiently than your competitors.

Financial innovation is a lever used by only a handful of companies, when all solid Swiss businesses are entitled to it!

This type of product, validated by FINMA and the players in the Swiss financial market, is designed to adapt to changes in the global economy in 2023, so that Swiss-based companies can face the challenges ahead with confidence. Innovation in processes and in the various specialties of Swiss industries is assured. A fine example of Switzerland's attractiveness as a business location.

Our partner's specialty: factoring in supply chain management

All the buyer of a product has to do is confirm receipt of the invoice from his supplier, and the money is automatically available to the seller. Immediately, the goods are on their way to the buyer. It's fast, the supplier is paid and the customer is delivered. Everyone's happy!

How can you unlock these credit opportunities by taking advantage of the technical benefits of factoring today?

We are honored to present a strong partnership between two leading companies in the field: PrestaFlex Services Sàrl as a true comparator and financing broker that focuses on liquidity and flexibility, and ODIN FACTORING SA, the factoring company whose processes are so regulated that failure is not an option. ODIN Factoring SA's analysis techniques make their product the safest on the market. Their advanced mathematical methods enable inconsistencies to be identified immediately, protecting you from the risk of non-payment. Your receivables are safe, and you can concentrate on future projects, taking advantage of the liquidity generated for additional attractive investments. Let's go for your next growth in 2023! Why wait?

With our premium partner Odin Factoring SA, ensure a stress-free financial future

All it takes is one wrong money order at the wrong time, and you've got a financial accident on your hands! Your business may be in dire straits, but bankruptcy is avoidable. We'll show you how. PrestaFlex Services Sàrl, as a strong distribution partner for ODIN Factoring SA's factoring services, can offer its customers comprehensive and complex financing solutions, covering all aspects of their working capital requirements. Your company will see its cash flow financing rate fall, while at the same time opening up an additional avenue for borrowing of all kinds. As it happens, by factoring, your company could simultaneously become eligible for a loan to which it currently has no access

This partnership is an interesting example of how companies can work together to offer innovative financing solutions tailored to their customers' needs.

Work with reliable financial providers to avoid fraud and scams. Check that your financial partners are beyond reproach!

It's important to note that our partner ODIN Factoring SA is registered with the FINMA and complies with its ethical and legal standards when carrying out their activities.

Both organizations are looking forward to meeting entrepreneurs who will take advantage of this new financial opportunity to lower their company's costs and project themselves into new stages of growth. Many major players use our services, which is why discretion is deeply rooted in the DNA of both our companies.

Will factoring be a commonly used tool in Switzerland in 2023?

The Swiss credit market has grown significantly in recent years. Swiss companies have access to a wide range of credit products, from traditional bank loans to venture capital loans and 0-rate COVID loans.

This diversity of products enables companies to find the financing solutions best suited to their specific needs. At the same time, the factoring market in Switzerland has also seen significant growth. Discretion is deeply rooted in the DNA of both companies, but remains little used in comparison with our neighboring countries.

In which areas is factoring most commonly used in Switzerland?

There are many industries in which companies may have short-term cash needs or cash cycle management problems. Common examples include:

• The manufacturing industry, where companies often have to invest in raw materials and components before they can sell their finished products.
• The construction industry, where companies often have to spend money before receiving payment for their work.
• The technology industry, where companies often have to invest in research and development before they can market their products.
• The service industry, where companies often have to advance costs to provide services before receiving payment.
• The healthcare industry, where companies often have to advance costs for supplies before receiving insurance payments.

It's important to note that all companies may encounter short-term cash flow needs or cash cycle management problems, regardless of their sector of activity.

We'll be happy to advise you.