Own Assigned Limits

Limits are usually assigned by credit insurers, i.e. you are responsible for the compliance with the obligations of each credit insurance policy. The fulfilment of those obligations can easily be handled with FACT.pilot.

But sometimes the limits of the credit insurers are (temporarily or permanent) or not sufficient for the volume of invoices amounts you are receiving from some of your customers. After a cross-check with your credit department you therefore make the decision to assign another limit to those clients: Your own assigned limit.

FACT.pilot provides you with a scorecard module for the risk identification of your clients´ debtors that submits a limit proposal under consideration of your corporate-relevant parameters. 

The scorecard calculates limit proposal per debtor class according to your pre-defined criteria which are for instance: 

• Payment history of the debtors per factoring customer (weighted)
• Information of credit agencies
• Limits of the credit insurers
• A database stored questionnaire that has to be filled-out by you which contains questions about topics like the debtor’s technical and commercial know-how, its business and sales development, etc.
• Balance sheet data of the debtors
• Securities of the debtor
• Etc.