Cross compensation is a very quick and effective way of claims' collection. Besides that they offer also cashing-in of claims that could not be cashed by factoring.
What is cross compensationIn the Interfinance company we collect the claims with s.c. closing-the-claims technique also named the cross compensation. The overdue claims to buyers – legal entities – are liquidised in the manner that through their claims we look for other business entities who are prepared to settle their liabilities to their suppliers. The majority of inter-organisational relations among companies are constant, often we look for new cross relations demanding time as well as knowledge of interorganisational business operations.
Advantages of chain compensation
- quick and efficient claims collection
- increase of company liquidity
- possibility of repayment of liabilities with discount
- lowering of debt
- improvement of credit rating
- assuring the working capital
How compensation works