Factoring is a technique used by companies to finance and collect receivables, consisting of obtaining early financing and subcontracting this management to a specialised credit institution.
The factoring market in France has been particularly dynamic, growing at a rate of more than 10% per year in recent years, reaching 13% in 2014 for a total of 226.6 billion euros in receivables sold.
The highly competitive factoring market includes more than twenty factors, most of which are subsidiaries of banking groups: CM-CIC Factor, BNP Paribas Factor, Natixis Factor, CGA, etc.
Factoring market players are engaged in an aggressive distribution strategy, from key accounts to professionals and very small businesses, through greater flexibility on the content of contracts, services, product innovations, pricing policy, etc.
The factoring market is facing a real boom in corporate failures, which could limit the financial flexibility of the most exposed factors.
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