(ENG)
The development of international factoring in Ecuador has been a relevant topic in the financial and commercial sphere in recent years. According to the “Revista Científica Ecociencia”, in its article “International factoring as a financial instrument to improve the competitiveness of exporting companies”, International Factoring is the tool that is allowing Ecuadorian exporting companies to enter international markets, improving their competitiveness and increasing their sales, thanks to the injection of working capital: “International factoring is configured as a financial instrument to improve competitiveness in exporting companies, because in foreign markets credit terms, are adjusted by the characteristics of our companies, to policy to their customers, which does not differ from what companies offer in the local market” (Azúa, 2019).
A financial solution to grow without borders: International Factoring.
Ecuadorian companies from different sectors, such as industrial and commercial, seek financing facilities for their exports, which enables a greater flow of goods and services between countries and reduces companies’ dependence on obtaining local credit. Likewise, by using the services of International Factoring, Ecuadorian companies have the guarantee of payment of their accounts receivable, without increasing their indebtedness.
One of the most important factors with the use of the International Factoring tool is the access to new business opportunities, allowing Ecuadorian companies the opportunity to establish commercial relations with more solid and reliable foreign buyers. Thus, by guaranteeing the payment of accounts receivable, access to new markets and international clients is facilitated.
The development of international factoring in Ecuador represents a significant opportunity to improve the liquidity and competitiveness of companies in the global arena. Its sustained growth will require the continued support of financial institutions, governments and business entities to promote its adoption and take full advantage of its benefits in the context of the Ecuadorian economy and its integration into international trade.
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Mutuo Capital hand in hand with Ecuadorian companies
In Ecuador, very few banks offer international factoring to exporters. So, to support the strengthening of the Ecuadorian business sector, Mutuo Capital arrives with a professional team with extensive experience and knowledge in finance. In addition, it provides clear processes and transparent and secure transactions to support companies in their business. Its main objective is to improve the cash flow of companies and allow them to invest in their growth and expansion, providing them with the necessary working capital quickly and easily.
Find out more about the exact process of International Factoring! Contact us.