Turkey: Bridging the Continents

GOLD SPONSOR CODIX TOOK PART IN THE FACTORING CONFERENCE "TURKEY: BRIDGING THE CONTINENTS"

This year CODIX was a gold sponsor of the International Regional Factoring Conference, 08-09th October 2018, Istanbul, Turkey. The event focuses on a regional view of Factoring and Supply Chain Finance, offering attendees a unique opportunity not only to discuss the current state of the Industry, new challenges and products & market developments, but also to network with players in the same region. The Group Managing Director of CODIX Laurent Tabouelle presented iMX – the complete software solution for all kind of financial businesses, such as Contracts, Accounts Receivable, Financing, Factoring, Credit Insurance, Credit, Credit Leasing, Collection, Legal, Claims, Litigation, etc.

The conference offered a mixture of presentations on: Factoring, the state of Economy, a panel on Factoring in the CEE, Turkey and Middle East, update of the Supply Chain Finance (SCF) initiative (FCIreverse), Islamic International Factoring, Importance of the Central Digital Systems for Factoring Transactions, panel on Credit Insurance and Factoring Cooperation, a panel on Opportunities and Threats, such as Developing Factoring Business in Emerging Markets, an Overview of the Economy in Emerging Markets and others topics.

Factoring continues to grow successfully both in mature markets and in emerging markets. Through their control methods and permanent monitoring of the receivables on their clients’ debtors, factoring companies are able to provide more financing than traditional lenders and, at the same time, limit their credit risks to a strict minimum. Factoring companies therefore play an important role in financing the economic activity, also during the financial crisis. Traditionally it is small and medium-sized companies that benefit most from this financial instrument, but also more important companies use factoring for flexible growth finance or for restructuring purposes. FCI launched recently a Supply Chain Finance (SCF) platform available to its members. It will allow FCI members to expand their service offering, both for domestic and international business, through FCI’s unique global network of nearly 400 members in 90 countries.

The Conference was aimed at an audience of professionals from the CEE & Middle East Region and beyond, and particularly towards the leaders of:

• Factoring companies
• Supply Chain Finance companies
• Specialized banks and financial institutions
• Consulting firms
• Official organizations
• Companies offering their services to the world of factoring (lawyers, insurers, IT providers)
• Exporters and other companies interested by the world of factoring.