Daily News: January 10, 2013

IFA Partners With the Colombian Association of Factoring

The International Factoring Association (IFA) announced that they have entered into a cooperative agreement with the Colombian Association of Factoring (CAF).

Both the IFA and CAF will extend their reach by organizing seminars and workshops on factoring topics and holding networking events. The shared goal is to assist banks, finance companies and users of alternative financing services engaged in factoring and receivable financing by providing information, training and purchasing power. The cooperative agreement allows both associations and their members to:

  • Publicize each other’s events.

  • Assist each other in the organization of factoring seminars and workshops.

  • It extends invitations to members of both organizations for seminars and workshops.

  • Allow members of either association to attend events at the other association’s membership only rate.

  • Build a global network of factoring professionals

    “It’s impossible to participate in today’s finance economy without having a global perspective. We’re looking forward to increasing our knowledge of the industry with our neighbors to the north and to participating in international events,” said Eduardo Rincón Herrera, CAF president.

    The IFA also entered a similar agreement with the Romanian Factoring Association (RFA) last year, and serves as a mentor to both the RFA and the CAF, helping to increase their membership and events.

    “As the largest international organization dedicated to factoring, we play a leadership role in furthering the industry. These partnerships are beneficial to all involved, but the biggest winner will be the business community,” said Bert Goldberg, IFA president. “By increasing access to and understanding of alternative financing solutions on a global basis, we will be able to help businesses move forward and succeed. And at the end of the day, that’s what we’re all about.”

    The CAF is an organization of factoring and receivables finance providers.

    The IFA is a global association of commercial finance companies.