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Video transcript: Philippe Petiot - Chief Executive Officer of Natixis Factor

Video transcript: Philippe Petiot - Chief Executive Officer of Natixis Factor

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Experts' Views

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What is factoring and what is the purpose of it?

[Philippe Petiot]

Factoring today is a fast-growing business due to the expanding market. Why? Because factoring is a very simple and robust technique, i.e. the assignment of receivables by the client to the factoring company. The latter helps optimize cash flow management within 48 hours or even 24 hours, as it can be very quick when the file is transferred via the internet. This activity is increasingly necessary to finance the real economy in France, as we have the support of Public Authorities via the Charpin report. This provided the helping hand we needed to change the image of factoring which in peoples’ minds was related to companies in trouble when in fact we work with a company throughout its lifetime, at its creation, sale, and obviously through all investment and development projects.

In fact, factoring is one of the methods to finance receivables and an alternative to the more traditional financing methods.

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What type of company is concerned with factoring and when?

[Philippe Petiot]

Factoring concerns all types of company. Our clients are professionals, very small companies, businesses, key clients, factoring is not reserved to a specific type of company. On the contrary, all of our Caisse d’Epargne and Banque Populaire networks can use this service, and it is a service which we have updated and adapted, we have expanded our range. At Natixis Factor, we have accumulated much experience over time and we have gradually updated our processes. Today, we can support our French clients with their domestic projects but also with their projects at European level, either via export receivables or via multi-domestic programs.

Factoring concerns all clients regardless of the stakes or turnover even at times in the form of a syndication or deconsolidation; we can provide our know-how with complex financial engineering operations.

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What does Natixis Factor provide its clients?

[Philippe Petiot]

Using the factoring technique, Natixis Factor provides its clients peace of mind as we finance his/her receivables, we handle the recovery of his/her receivables, administrative management, which lets him/her focus on medium- long-term investments and other issues concerning the development of his/her company.

Natixis Factor has gradually become a key factoring company in terms of quality: 93% of our clients are satisfied with our service and 91% of them would recommend us, a fact which in this type of activity is quite exceptional compared to our main competition.

For a business owner or manager, factoring means high-quality service which we can provide.

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A new look on factoring: toutsavoirsurlaffacturage.com

www.factor.natixis.fr

Experts' Views

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