The International Factoring Association announced the release of its bi-annual Business Profile and Performance Survey. The survey provides industry benchmarking data and trends on factors’ operations, client details, business development practices, human resources policies as well as other key business statistics. It is recognized as the industry’s most complete resource on factoring for receivables finance providers, service providers to the factoring industry, debt buyers and universities.
The survey was conducted on behalf of the IFA by Industry Insights, an independent research and consulting firm headquartered in Ohio. Data collection began January 1, 2013 and concluded March 31, 2013. More than 180 factoring companies participated in the survey.
“The report will provide the factoring community with a comprehensive analysis and metrics of the factoring industry,” said Bert Goldberg, executive director of the IFA. “Factors can use the results to measure their performance against industry standards and help them make effective and efficient business decisions.”
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Survey participants are able to obtain a complimentary copy of the survey and non-participants can purchase the survey for $250 by visiting the online store at www.factoring.org.