First Ukrainian International Bank (FUIB) now provides legal entities with e-factoring services on the COMARCH e-invoicing platform. Such innovations became possible due to the start of bank's cooperation with the COMARCH international IT-company, which specializes in the development of unique solutions related to the exchange of financial, commercial, and logistics documentation in the form of electronic documents directly between the computer systems of business partners.

Legal entities which use FUIB's e-factoring have already enjoyed all the benefits of this financial service: guaranteed secure transfer of commercial information, avoidance of expenses associated with paper documents, online receipt and storage of documents, etc.

Thus, "Store Food Distribution" LLC supplier company, which is the exclusive importer of food from European brands in Ukraine and which cooperates with such major trading networks as METRO, Varus, ATB, Auchan, BILLA, etc., was one of the first to start using FUIB's factoring on the COMARCH e-invoicing platform.

"The number of small and medium business clients working with FUIB's factoring comprises more than a thousand companies. This product is a convenient financial instrument for those clients who work with companies on the terms of deferred payments and for which time is the most valuable resource. Electronic document flow from COMARCH greatly simplifies the transfer of factoring documents among all process participants, saves time, and allows one to eliminate expenses related to the transfer of paper documents. We are proud to be the first company in Ukraine which can provide FUIB's customers with even more advanced services," commented Olena Rudyk, FUIB's director of the department of the work with small business.

We would like to remind you that FUIB is one of the leaders among Ukrainian banks in terms of the provision of factoring services, and its market share is more than 25%.