Nine months after the successful start of the first electronic portal for factoring services in Bulgaria, over 60% of the clients of UniCredit Factoring are using actively еFactoring.bg.

“We have had the privilege, relying on our expert knowledge and experience, to make the processes digital, available and considerably faster.  With eFactoring.bg we have provided to the companies working with us the opportunity for the first time in Bulgaria to perform factoring transactions online – safely and at any time,” said Asya Baeva, CEO of UniCredit Factoring.  By mid 2017 the number of clients digitalizing their factoring services via eFactoring.bg is expected to reach over 80%.

The application еFactoring.bg, created by UniCredit Factoring, is entirely in line with the needs of the companies in terms of development of their business. The application has a special module – Reverse factoring. A leading party and an initiator of the transaction in this module are companies with a wide network of suppliers.  Through this type of factoring they provide these suppliers with liquidity and at the same time consolidate their own payment processes. In eFactoring this is fully automated.

 “The business of our clients is now online and is 24/7. That is why it is important for us to invest in a service that corresponds to the awareness and dynamics of the corporate clients. eFactoring ensures not simply speed and ease, it turns the traditionally documentary factoring business into a modern, digital one”, added Asya Baeva.

Here is what clients of UniCredit Bulbank say about the platform:

“With the platform eFactoring our employees work very easily and highly effectively.  We not only save technological time for exchange of paper documents, but we also benefit from the significant simplification of the requirements for the documents and of the document flow procedure. The operational service of our factoring is now entirely digitalized and takes only a few minutes. It is important for me, as an executive director, to be always aware of what is happening with the payments of our clients and of the amount of funds we have available. This information is available and up-to-date at any time. This is a product and a service, which I sincerely and without any hesitation recommend to any company that has a proper turnover of sales with deferred payment”, said Evgeni Gospodinov, Executive Director of Almagest AD.

“We find the service significantly easier in comparison with the standard process, thus enabling prompt, timely and very easy operational service and timely corrections in case of any omissions. The statements generated by the application provide up-to-date and exhaustive information, which used to be provided by the respective employee upon request. The online platform maintains a history of the data, which is a very good basis for analyses.  It is easy and saves us a lot of time, costs and resources”, stated Iliyan Filipov, owner of PIMK OOD.

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Additional media information:

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch