Company metalloinvest, a leading manufacturer and supplier of iron ore products and HBI in the world market, one of the regional producers of high quality steel, moved from paper to electronic factoring for conducting of settlements with counterparties.
Through factoring the site of the Contour online factoring was implemented for 5 weeks.
Online-factoring is a digital financial instrument which can be used to evaluate the bids, to make contracts and to grant funding regardless of the geographical location of the sponsoring organization, the vendor and the customer. All operations are done remotely using digital signature.
the Introduction of the online factoring allows you to enter into factoring transactions for making payments with clients in one day. The rapid transition to the online platform contributed to the fact that all the enterprises of metalloinvest, has already used electronic document exchange with external parties and within the Company.
Alexey Voronov, Deputy Director General for Finance and economy of management company metalloinvest, commented: "We continue to improve the system of interaction with contractors. Thanks to the use of online factoring has increased the speed of settlements, leading to increased turnover of capital of the Company."
Dinara Mardanova, head of the project Outline.Factoring said: "the Standard time of starting the client the same metalloinvest level on average takes 6 to 9 months, while the transition was effected from the Company's record for market time – just five weeks. The scheme of factoring for businesses of metalloinvest changed. The buyer accepts the goods, sign documents electronically, and the service automatically uploads them to the site. Then the provider decides which Bank he will concede the right of the monetary requirement creates an electronic register and notification of the assignment to supply. The generated documents go to the signing of the factor and the buyer in just a few seconds, to sign can for a couple of minutes. As a result the company receives funding in the day of the signing of the register".
reference:
the Loop creates convenient products for business since 1988. They help to spend less time on routine, and communication with state agencies and vendors make it simpler and more transparent.
In the portfolio Loop — the online reporting and online accounting services for EDO and operate the marking, cloud towerhouse and online cash, checking contractors and electronic signatures for any task. All the complex algorithms embedded in the service for Directors, accountants, lawyers could not delve into the laws, and to develop their business.
the Brand "Contour" belongs to the group of companies of SKB Kontur. Revenue SKB Kontur in 2019 amounted to 15.4 billion rubles, and the solutions GK use 2.1 million companies in Russia and abroad.
