Factor Premium
Our concept, Our group
A simple, easy and legal solution
If you’ve ticked all 5 eligibility boxes, you’ll be able to work freely for your exclusive personal benefit, using our mature factoring solution.
Mature Factoring is a reliable and legal solution offered by financial organizations that are subsidiaries of banking institutions. It enables us to outsource the management of customer invoices and guarantee payment of invoices that have reached maturity.
How to manage your sales invoices by subrogation
A factoring contract will be signed to define the conditions of collaboration between the two companies. The client company (you) simply selects the invoices it wishes to entrust to the Factor, and notes the following on each invoice (in the payment method section): « your payment must be made to the order of our Factor, who receives it by subrogation under a factoring contract ».
Payment of your invoices collected by subrogation to our Factor
The mature factoring contract is not a contract for the advance financing of invoices. We will send you an OPERATION NOTICE certifying payment of the invoice and the amount will be transferred to your account on receipt of an internal request (model provided by us) specifying the bank account to be credited.
In the event of non-payment of your invoices on the due date, you must send us proof of these invoices (quotation, order form) and our Insurer will take charge of recovery and pay you the amounts due.
Terms and management fees on incoming payments
The Factor can collect the customer’s invoices in several countries, either in France or abroad (at your choice). The rate depends on the country where the invoices are collected, the name of the funds paid and the country of destination.)
1.
If invoices are collected in France and funds are paid abroad, a commission of 20%* is deducted from amounts collected in France excluding VAT.
- * Funds collected in France must be relocated abroad, which requires a specific, watertight contractual set-up that takes time ** and transfer costs.
- ** Please allow 15 days for your funds to reach their destination.
2.
On the other hand, if the invoices are collected in France and the funds are paid in France, in the form of income from France, the management fee is only 10%*** and the transfer time is 48 working hours.
- *** funds arrive in France and are paid out in France, so there are no additional transfer fees.
2bis.
If the invoices are collected in France and the sums are paid back to France in the form of foreign investment income (exempt from social security charges except CSG and CRDS), the management fee is 18%.
3.
If the customer’s invoices are collected abroad, and the funds are paid abroad, the management fee is only 10%, and the time taken to receive the funds is 48 working hours.
Payment of funds from your invoices collected by us
If you wish to receive part of the funds collected by our company » in France « , this is entirely possible.
They will be paid to you from abroad and will take the form of » foreign income from movable property « , exempt from social security contributions in France (excluding CSG and CRDS = 17.2%).
In addition, part or all of your income may be paid into your personal bank account opened abroad, in the form of dividends (fully exempt from social security contributions and taxes).
As these dividends are booked for the benefit of one of our offshore shareholders, they will be totally invisible from a transaction point of view, and the time taken to collect them will be a maximum of 6 working days from the date your invoices are cashed.
Our group, your safety
Our Group has adapted to the needs of VSEs, small businesses, self-employed workers and freelancers specializing in the sale of intellectual services.
Our main activities are :
- Mature Factoring from our PARIS or LONDON office
- Recruitment of quality professional staff in our LONDON and BARCELONA offices
- Management and Marketing Consulting from our BRUSSELS office
- Investment advice from our teams in GENEVA
You must select the invoices you want us to collect by subrogation « before issue ».
These invoices will not be cashed by your Company, and must therefore be numbered differently from those that are booked.
Your Financial Guarantee
The Customer (YOU) must keep the documents that enabled him to draw up this invoice addressed to his Customer (purchase order, quotation, etc.). In the event that this invoice is not paid in full, collection will be carried out by the Factor’s legal department and the insurer of the financial guarantee, taken out by the Factor, will pay the invoice in full.
In order to use FACTOR_PREMIUM under the best conditions of security and confidentiality, contractual precautions must be respected.
You must be the « only » person to carry out these invoice transfers, and not tell your friends or colleagues.
You must send us a copy of the invoice for which we need to process the invoice.
This copy of the invoice will be accompanied by your customer’s order or accepted quotation.
Our financial payment guarantee
If an invoice is not paid by the due date, you must follow up with your customer (in writing) and ask us to involve our insurer to obtain payment.
Our transaction advice note, on collection of your customer’s invoice, specifying the invoice number, the amount collected and the balance to be paid to you.
This OPERATION NOTICE will be sent by e-mail to YOU, the Company Manager, together with a « PAYMENT REQUEST » which you must complete and return to us.
Upon receipt of this request, we will make payment to the designated bank account(s).
