Next Capital’s claims up by 15 pct through factoring in Q1

Next Capital registered a growth by 15 percent of the claims through factoring in the first quarter of the year compared with the same period of 2016, with a turnover of RON 25 million. The most active field in factoring services were IT, followed by FMCG, representing over 45 percent of the overall claims of Next Capital from these months.

“This year is extremely challenging for us, due to the high competitiveness from banks, but also to the high expectations from the clients. These two premises have a positive pressure upon us regarding the continuous adaption of the offer to stay very competitive from commercial point of view, but also in the portfolio diversification of services to respond as well as possible to the market. We succeeded to grow our factoring clients’ portfolio, but at the same time, we work more with the existent clients including at the new products development, starting firstly from their needs. The growth from these three months is due to the IT and FMCG fields, which compared with the same period of 2016, registered increases by 20 percent, respectively 16 percent of the volumes from factoring,” said Bogdan Rosu, director Next Capital.

Until the end of the year, the representatives of Next Capital aim to exceed the turnover from the last year by 50 percent.

“We are optimistic regarding the growth that we’ll obtain until 2017 and we bet both on the market conditions that stimulate consume, as well as on the quality of services offered by us, through a better positioning and promotion of the technology that we have or that we’ll include in our services. We’ll make an investment push in technology, that we want to position us in the top of the most innovative player on financial-banking market. At the moment, digitalization is our main concern on development and we’re working on two applications that will grow the added value offered, reducing the length of the processes and operations that we manage,” said Rosu.