| Customers: Severstal Moscow; Metallurgical industry Contractors: SKB Kontur Product: Contour FactoringProject date: 2023/05 - 2023/11
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2023: Factoring automation
Severstal has automated the factoring process with regard to the formation of registers and confirmation of deliveries using the Ecosystem for Business Solution Contour. SKB Kontur announced this on December 15, 2023.
Factoring automation made the process transparent, reduced manual operations, and as a result, the likelihood of errors and labor costs for performing operations decreased. Due to the acceleration of financing processes, capital turnover has also increased. As of December 2023, 90% of all factoring transactions in sales and procurement are carried out through a single platform.
It was possible to automate factoring thanks to Kontur Factoring "- an ecosystem solution for Kontur business. The product allows the selection of a financial agent from Russian banks and factoring companies, as well as the exchange of legally significant electronic documents.
Шаблон:Quote 'author = said Yulia Korguleva, Head of Trade Finance at Severstal.
Шаблон:Quote 'author = noted Ivan Akimenko, head of the service Kontur.Factoring.
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