The initial idea was to shake up the financial markets with a practical factoring software solution. It was an idea they put into immediate action: our four founders established efcom gmbh and then over the ensuing years they made it into one of the leading providers in this field – first in Germany and then throughout Europe.
2000: The race is on
efcom gmbh is officially established in December. The company’s head office is registered in Eppertshausen, south-west Germany.
2001: Off we go
The first employees are hired. In addition, the first version of ef3 is used by clients – based on an Oracle database. An in-depth market analysis provided the necessary practical knowledge for its success.
2002: We’ve done it
efcom becomes market leader in Germany in the area of factoring software.
2004: Going global
The focus turns to developing compelling add-on modules, especially for trans- nationalfinancial transactions. Based on these, the first foreign clients were acquired: HVB Slovakia in Slovakia and FactorBank AG in Vienna, Austria.
2005: Time to relocate
efcom moves its head office to Neu-Isenburg, just up the road from the former one.
2007: Eastern Europe
efcom establishes a presence in several Eastern European countries.
efcom also becomes market leader in factoring solutions in Austria.
A new solution for bulk data processing is developed: ef3premium plus.
29 colleagues now work at efcom.
The reverse factoring module offers a solution tailored to the needs of supply chain finance. This year marks the 10th time efcom has held the Factoring Symposium – an international symposium for factoring experts and IT service providers.
2014: efcom knows no boundaries
Across Europe, 32 factoring institutes in 9 countries use efcom.
The new efOnline web portal is launched.
efcom also becomes the market leader in factoring software in the second Alpine republic.
2018: Clear edge
efcom repositions itself with a modern logo and new corporate claim.
2019: Web relaunch
A comprehensive web relaunch provides more information, insights and inspiration.
We celebrate our 20th anniversary and look forward to new challenges in factoring!
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