Reference
Factoring during corporate restructuring with
Schneider International
Der Schneider International Holding, a specialist in prototyping and small-batch production, has succeeded in strengthening its competitiveness despite the challenging conditions of a restructuring process. Find out what role full-service factoring plays in this process.
Year1991the founding
- Staff300
Worldwide
- years25
Prototyping specialist
Our client
Schneider International Holding
Supporting development processes from the initial idea through to the finished product – this is what the Bad Kreuznach-based prototyping specialist has been doing for over 25 years. In order to use this expertise to gradually tap into new markets, the company has been investing in its global expansion for more than nine years.
About the company
Sector: Prototyping and small-batch production
Year founded: 1991
Employees: 80 employees at the main plant, 300 employees worldwide
Website: www.si-smart.net
Financing: including factoring
Factoring category: SMEs, restructuring, exports
However, due to rapid expansion and high levels of investment, liquidity and revenue were unable to keep pace. Following a thorough analysis and on the recommendation of a management consultancy, the decision was therefore taken to establish a new financing structure. Full-service factoring from A.B.S. Global Factoring plays a central role in this.
The approach
Within Schneider Holding’s new financing mix, full-service factoring has now successfully established itself as an alternative to bank financing. This is because, in comparison, the group receives a significantly more comprehensive package of services at competitive costs. In this case, ‘more service’ also means ‘higher quality’. This has made it possible to strengthen the liquidity position in the long term, relieve the strain on the company’s own resources in accounts receivable management and, in addition, hedge against the del credere risk.
Factoring is a financing instrument that offers exactly the flexibility a growing business needs. As turnover increases, the financing provided through factoring grows in proportion. The prospects for Schneider Holding’s continued expansion look promising. This is because the group’s customers, who are now also represented in countries such as China, India, the UK, Belgium and Hungary, come from growth sectors such as the automotive industry, medical technology, mechanical engineering and aerospace technology. Further locations in new markets – particularly in Europe, Japan and the USA – are in the pipeline. According to the company’s plans, factoring is therefore set to remain an integral part of the Schneider Group’s financing strategy for some time to come.
Why choose factoring with A.B.S.?
What was the deciding factor in choosing A.B.S. Factoring? We quote Chairman and Chief Financial Officer Dr Henri-Jacques Topf:
Working together as partners
A.B.S. was able to significantly ease the burden on the holding company in resource-intensive processes such as receivables management. But that’s not all: “As a company undergoing restructuring, a partnership based on mutual respect was a key factor for us when selecting a factoring service provider.”
Strengthening competitiveness
Through prototyping and small-batch production, Schneider International not only offers its customers significant time and cost savings, but also helps to ensure their competitiveness in an increasingly fast-paced global market. The holding company applies similar standards to its financial partner: “A.B.S. Global Factoring supports us every day in strengthening our own competitiveness, even in the challenging scenarios associated with restructuring.”
Interested?
an expert:
Book your
free consultation
with A.B.S. Factoring now
Would you like to find out more about factoring and financing?
Our experts would be happy to get in touch with you.
Further examples from practice
