Cim Group Corporate Brochure 2020

Factoring Services

Cim Finance was also a pioneer in Factoring in Mauritius, launching its factoring business in 2004 offering recourse factoring to its domestic customers and launching its non- recourse product in 2006. Cim Finance’s credit insurer is Coface, headquartered in Paris. Coface has over 4,000 employees in 100 countries. We work closely with Coface, with Coface helping Cim Finance to anticipate and evaluate the risks of debtors covered by Coface’s credit insurance so that we can make the right business decisions. We have a state of the art system from HPD called Aquarius, which is a significant enhancement. In addition to the benefits we get internally from the new system, our customers have full visibility of their Factoring transactions through a live interface. A big milestone for the team was that Cim Finance was accepted as an associate member of FCI, headquartered in Amsterdam, in August 2018. This has enabled Cim Finance to launch import and export factoring in the near future as well as to leverage on FCI’s global network of members and affiliates. There was significant growth of 30% in factoring disbursements in FY18 vs. FY17.

Financing up to 90% of invoice value within 24 hours

Advisory service on customer credit worthiness

Debtors’ management

Credit insurance to mitigate risk of insolvency

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