Regional Conference On Factoring And Receivables Finance In East Africa
CODIX IS A SILVER SPONSOR OF THE REGIONAL CONFERENCE ON FACTORING AND RECEIVABLES FINANCE IN EAST AFRICA
CODIX is a Silver Sponsor on this year’s Regional Conference on Factoring and Receivables Finance, 27-28 February 2020 in Nairobi, Kenya. FCI’s African Chapter is organizing a regional event, focusing on the regional view on factoring, offering attendees a unique opportunity not only to discuss the current state of the industry, new challenges and products and markets development, but also to network with players from the same region.
The objective of the conference is to share ideas on the best practice as regards regulatory and legal regime, innovation and credit insurance that can facilitate the growth of factoring in support of SMEs, among other relevant topics. The conference which involves a combination of presentations and interactive discussions, is facilitated mainly by FCI, the global leading factoring association, as well as by leading experts in the industry.
The agenda of the event covers presentations and panel discussions on the evolution of factoring, the opportunities and challenges facing the receivables finance industry; the innovative solutions to SME’s; the mechanics of Cross Border Factoring; the advantages of international factoring and comparison with traditional trade finance; the Islamic International factoring; the legal and regulatory environment of factoring in East Africa. The purpose of the meeting is to enable senior African bank executives, government officials, regulators and entrepreneurs interested in starting factoring activities to learn about international factoring, its benefits and growth opportunities.
Factoring continues to grow successfully both in mature and in emerging markets. Through their control methods and permanent monitoring of the receivables of their clients, factoring companies or factoring divisions/departments of banks are able to provide more financing than traditional lenders to Small and Medium-sized Enterprises and at the same time limit their credit risk to acceptable levels. Companies use Factoring as a flexible source of financing as it facilitates the much-needed access to finance by corporates and SMEs thereby improving their competitiveness based on the focus on Open Account Trade and the Two–Factor System, which have proven to be most effective during periods of financial and economic challenges.
CODIX will present to the audience its unique event-driven business management system iMX offering all users in the Factoring and Receivables Finance Industry an unrivalled openness and versatility.