Factoring financing system at DTEK ENERGY

Dear partners!

Please note that DTEK ENERGY actively uses a factoring system in its settlements with suppliers, which, over many years of experience, has proven itself to be one of the most effective and stable tools in business relations. In this article, we will answer the main “financial” questions in the “language of purchasers.”

What is factoring?

Factoring is a set of financial services for suppliers who cooperate on deferred payment terms. First and foremost, it is financing a supplier by  purchasing  from  them  the right  to  monetary  claims against the buyer under the contract. The bank finances the supplier for goods shipped, services provided, and work performed.

What are the advantages of factoring?

When using deferred payment, suppliers receive payment within 30-120 days after delivery of goods or completion of work. When switching to factoring financing, the supplier receives up to 90% of the total amount on the 2nd-5th day after delivery or completion of work. Quick receipt of funds increases the supplier's liquidity and reduces currency, credit, and other cash flow risks. Repayment of debt under factoring agreements is always the top priority.

Today, DTEK ENERGY has factoring financing programs with PUMB and TASCOMBANK.

If you have any questions about the use of factoring or the terms and conditions of bank programs, please contact us.

DTEK ENERGY procurement team