Strong partnership in factoring
A.B.S. Global Factoring AG is the largest owner-managed factoring company in Germany. The financial services provider based in Wiesbaden and HCOB have been working together successfully for many years.
High-growth solutions and fast liquidity
A.B.S. Global Factoring AG enables companies to sell their outstanding receivables and obtain immediate liquidity, which improves financial flexibility and supports growth. A special feature is the fast liquidity that companies can obtain – up to 90% of their receivables within 24 hours. The services are tailored to the individual needs of customers. The immediate provision of capital, the assumption of default risk and the relief of receivables management allow companies to focus on their growth and core competencies. In addition, A.B.S. Global Factoring AG offers quickpaid (Home – quickpaid), a digital purchase financing solution for the optimal financing mix.
Project details
A.B.S. and HCOB have been successfully cooperating in the factoring business for many years. The main features of this business relationship are the seamless integration into A.B.S.’s overall financing structure, the purchase of credit-secured receivables via the digital platform HCOB Smart Fact and the resulting refinancing. Thanks to the efficient IT-supported solution, a large number of receivables can be converted into liquidity the very next day. In addition, HCOB is available to A.B.S. as a competent partner for payment transactions.
Key facts
|
Volume |
approx. 55 million euro |
| Objects | Long-term |
| Art | Factoring of outstanding receivables |
| Type | Refinancing |
Factoring is a fundamental component of the financing mix. A.B.S. Global Factoring AG and HCOB have been working together successfully for many years. Eva Sartorius, member of the management board of A.B.S. Global Factoring AG, talks about the prospects and challenges of the factoring market and the cooperation with HCOB.
With HCOB, we have established a reliable and strategic partnership that provides us with optimal support in the factoring business with its high-growth solutions.
Eva Sartorius, Member of the Management Board at A.B.S. Global Factoring AG
Industry knowledge and expertise
The specialised team at the Hamburg office orchestrate all of the bank’s necessary products and services for you. Vertical sector expertise is just as important to us as incorporating general macroeconomic insights into our “clarity as a service” promise.
Michael Rothehüser
Head of Corporate Banking in GermanyFinancing enquiry
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