Eurofactor Germany received award as best Import Factor worldwide

Eurofactor AG was voted for the first time by the 244 members of Factors Chain International (FCI), the world’s largest international factoring association, as “Import Factor of the Year”. The released results place Eurofactor Germany as the highest scoring Import Factor with a total score of 96.73%. The awards were announced at the 41st FCI Annual Meeting in Istanbul on 19th of June.

Roberto Weckop, Director International and Marketing, is proud of the result: “We did not necessarily expect such an early success in the third year of our FCI membership. We started well into our first year in the FCI achieving the 15th rank in 2007. Last year we were able to climb ranks up to the 4th place. And this year we have already succeeded in being ranked first. We feel very happy that our service quality is rated so excellently by our factoring correspondents. This is the result of our consequent client orientation and close collaboration of many departments within our company. To repeat this success next year will certainly not be an easy task, but one that will challenge us.”

The final score mainly results from the service quality rating given by nominations from FCI factoring correspondents, and the actual business volumes transacted in 2008. The rating criteria for service quality are composed of Business Acceptance (prompt decisions, know-how, pricing), Service (availability of credit limits, effective collection procedure, speedy cash transfer and payment under guarantee) and Communication (accurate information, problem solving attitude, proper use of FCI communication platform). In 2008, Eurofactor Germany transacted 410 million Euros – the fifth highest Import Factoring volume within the FCI.

Eurofactor AG improved as well its ranking in the combined FCI rating “Export and Import Factor”, where it came second best this year climbing up by 10 ranks compared to the previous year.