For securing and developing your business abroad
Eurofactor, the Crédit Agricole Leasing & Factoring brand specialised in factoring, offers the European Pass solution for MSEs(1) and major European companies with subsidiaries in France and any of the following countries: Belgium, Germany, Italy, the Netherlands, Poland, Portugal, Spain, Switzerland or the United Kingdom.
With European Pass, you benefit from a European solution for centralising and managing the cash-flow of your group, with a single programme for all your subsidiaries.
Our services include:
You choose the most suitable structure for your needs: central financing within your Group’s main entity or local financing for each of your subsidiaries.
We finance the accounts receivable of your subsidiaries, in the invoice currency.
A single European contract that meets the legal and regulatory requirements specific to each entity of your group is set up.
With centralised management of your contract in France, you have access to a single dedicated point of contact who will manage the day-to-day domestic and export operations of your subsidiaries.
A management tool
You have access to an online management tool where you can view detailed accounts and consolidated reporting.
Your subsidiaries can benefit from reporting for their operations.
By choosing European Pass, you are securing your accounts receivable while simplifying the management of your contracts.
(1) Minimum overall turnover threshold of €30M
(2) Unpaid debts due to debtors’ court-ordered insolvency