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Post Financing Invoice Factoring

Factoring is a financial service that provides businesses with a cash liquidity solution by selling their invoices to a factoring company, thereby improving their working capital.

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Pre-Financing

A financing facility is in place to provide direct payment to the suppliers of the client, contingent upon the delivery of goods to the contract awarders.

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Salary Advance Facility

The Salary Advance Facility we provide is an effective solution for our clients to manage their salary payments on time.

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Letter of Undertaking

The letter serves as a formal agreement, stipulating that we will remit payment to the suppliers once the goods have been delivered and confirmed to be in satisfactory condition.

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Letter of Support

We specialize in providing Letters of Support to businesses aiming to secure tenders from government bodies and GLCs.

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Pre-Factoring

STEPS

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Company A secured a contract value with RM3 million to supply and deliver from Contract Awarder X.

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Company A apply pre-factoring facility from JM Factors (“JMF”).

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Contract Awarder X will issue Purchase Order to Company A, JMF will verify the PO with Contract Awarder X as well.

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With ease of pre-factoring facility, JMF will assist Company A by releasing the payment to get supply from supplier to fulfil the contract.

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Company A will issue the invoice to Contract Awarder X after the job completed.

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JMF will validates the invoice.

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With the Assignment of Payment under the pre-factoring arrangement, the payment will be released to JMF by Contract Awarder X. JMF will deduct all the necessary fees & charges before the balance given back to Company A.

STEPS

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Company B awarded a value RM5 million contract to provide security service by Contract Awarder Y.

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Company B apply the post factoring facility from JM Factors (“JMF”) for immediate cash.

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Company B has sent an invoice to Contract Awarder Y after completed their jobs.

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JMF will validates the invoice and advances up to 80% from its value.

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With the Assignment of Payment under the post factoring arrangement, the payment will be released to JMF directly by Contract Awarder Y. JMF will deduct all the necessary fees & charges before the remaining given back to Company A.

Post Factoring