By using our services you can benefit in many ways:

Improving your cash flow
If you are selling on trade credit terms today's invoices can be turned into cash to fund tomorrow's sales. That's around 110 days faster than the current average payment time in Cyprus. Our Finance Service makes available up to 90% of the value of your sales invoices not later than the next working day after we receive details.

Speeding up your payment collection
The professional credit controllers at our Credit Management Service employ a firm but tactful approach to payment collection, designed to be effective while maintaining/supporting good customer relations. We at the same time keep you fully informed of our actions either electronically or by mail through a series of reports and statements.

If you trade overseas, in association with our over 200 representatives throughout the world we can provide credit controllers with the appropriate linguistic skills.

Protecting you from bad debt
Bad debt is an ever-present danger to cash flow that can catch you out without warning. Evaluating customer creditworthiness is not always easy, both when trading locally where credit information is not existent or when trading overseas where credit information is most times difficult and very expensive to find. Our Credit Protection Service enables you to do business with additional confidence at home or abroad, providing assured payment (subject to individual customer limits) not later than 120 days after invoice due (maturity) date.

Keeping you informed
Our specialists keep you informed with regard to changes in the market. Rate your customers creditworthiness based on both their financial standing and payment record.

Putting you in control
Helping you to keep up-to-date and in control, Laiki eBank, through its eFactoring sub-service, enables you to notify us of your sales invoices electronically, retrieve all debtors' payments and track your receivables ledger improvement through Laiki Factors system.

Releasing resource
It is estimated that for a large number of businesses the time devoted to chasing payment from customers can be up to 6 weeks a year. With someone of our team of specialists tactfully and cost-effectively chasing on your behalf, you can release additional time and resource to more productive aspects of your business.

Easing recruitment pressures
A large number of companies also experience problems in recruiting suitable staff. Our service can relieve the pressure on your finance personnel and could even make additional recruitment unnecessary.

Cost-efficient
If you sometimes use your overdraft facility to finance day-to-day working capital needs this means you are effectively subsidising your customers' cash flow and reducing your own margins. And, since our Credit Management Service could improve payment performance from your customers, this too can help to offset the cost of using our services.