Factoring as an instrument to improve international company’s working capital management

Factoring is still very much underutilized in Russia as means of financing working capital in comparison to Europe. Nevertheless, it has demonstrated a booming trend over the past several years. Andrey Zakharov, Factoring Product Owner at Raiffeisenbank, explains all the benefits, latest developments, and opportunities based on two client cases (Huawei and Leroy Merlin).