Next Capital uses factoring services to improve debts volume management

Next Capital increased their debts volume managing by 30 percent in the first nine months of 2017, reaching a number of EUR 16 million trough factoring services.

More than 90 percent of the debts volume that are managed by Next Capital where eased by its internal factoring service. Almost 30 percent from the managed debts volume worth came from the IT&C field. Daily consumer goods came on the second place of the total of the number with 25 percent and the services area were 18 percent.

“IT&C sector continued to grow this year but the construction sector also recorded a positive development reaching 15 percent of the total managed debts. Overall the growth was possible because of clients’ diversity and their demand (…) the cash-flow is pressured by the big payments deadline and the best solution remains the extending of the factoring facilities,” stated Next Capital director Bogdan Rosu.

Next Capital group has mostly Romanian capital. The group is also a founding member of the Romanian Factoring Association (ARF).

Teodora Marinescu

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