{"id":62861,"date":"2022-12-21T16:47:34","date_gmt":"2022-12-21T15:47:34","guid":{"rendered":"https:\/\/www.efcom.de\/efcoms-first-factoring-customer-in-the-middle-east\/"},"modified":"2022-12-22T09:10:47","modified_gmt":"2022-12-22T08:10:47","slug":"efcoms-first-factoring-customer-in-the-middle-east","status":"publish","type":"post","link":"https:\/\/www.efcom.de\/en\/efcoms-first-factoring-customer-in-the-middle-east\/","title":{"rendered":"efcom\u00b4s first factoring customer in the Middle East"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css=&#8221;.vc_custom_1661784190863{margin-top: 50px !important;}&#8221;][vc_column][vc_cta h2=&#8221;efcom with first factoring customer in the Middle East: Eaton Enterprises in Dubai&#8221; h2_font_container=&#8221;tag:h2|text_align:left|line_height:1.5&#8243; h2_google_fonts=&#8221;font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; h4_font_container=&#8221;tag:h4|text_align:left&#8221; h4_google_fonts=&#8221;font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; use_custom_fonts_h2=&#8221;true&#8221; use_custom_fonts_h4=&#8221;true&#8221;][\/vc_cta][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1661784221305{margin-top: 10px !important;margin-bottom: 25px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;62857&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1671637267046{padding-bottom: 70px !important;}&#8221;]<\/p>\n<ul>\n<li><strong><span style=\"font-size: 18pt; line-height: 2.0;\">Customer Eaton Industries is represented with a new location in Dubai<\/span><\/strong><\/li>\n<li><strong><span style=\"font-size: 18pt; line-height: 2.0;\">efcom software solution helps to map intercompany factoring <\/span><\/strong><\/li>\n<li><span style=\"font-size: 18pt; line-height: 2.0;\"><strong>Business relationship with Eaton successful since 2008<\/strong><br \/>\n<\/span><\/li>\n<\/ul>\n<div class=\"gap\" style=\"line-height: 45px; height: 45px;\"><\/div>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\"><strong>Neu-Isenburg, December 2022<\/strong> \u2013 Eaton Enterprises is efcom&#8217;s first customer in the Arab region. The globally active technology company uses efcom&#8217;s software solutions to map inter-company factoring activities. This involves the pre-financing of receivables within the Eaton Group. Intercompany factoring is primarily used to facilitate working capital financing of group companies, as well as to centralise potential liquidity, credit and currency risks. The popularity of this group-based factoring option has continued to grow in recent years. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">&#8220;We are pleased that with Eaton Enterprises we are now also able to serve a client in the Arab region. Eaton is a renowned company that is active worldwide &#8211; and with whom we are already very successful in other locations,&#8221; emphasises Arnulf Romann, CEO of efcom. &#8220;By focusing on the Middle East, Eaton is doing exactly what we are also aiming to do &#8211; namely, to expand and consolidate our presence in this region,&#8221; adds Federico Avell\u00e1n-Borgmeyer, Chief Partner Officer at efcom. &#8220;This is an important step for us as a provider of smart cloud factoring solutions, which are interesting for both established companies and market entrants. Incidentally, we also offer solutions for Islamic factoring.&#8221; <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><em><span style=\"font-size: 15pt; line-height: 2.0;\"><strong>About Eaton:<br \/>\n<\/strong><\/span><span style=\"font-size: 15pt; line-height: 2.0;\">Eaton is an intelligent energy management company dedicated to improving the quality of life and protecting the environment for people everywhere. Founded in 1911, Eaton has been listed on the NYSE for nearly a century. In 2021, the company had sales of $19.6 billion and served customers in more than 170 countries. Eaton employs 98,000 people worldwide. www.eaton.com<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em><span style=\"font-size: 15pt; line-height: 2.0;\"><strong>About efcom:<br \/>\n<\/strong><\/span><\/em><span style=\"font-size: 15pt; line-height: 2.0;\"><em>efcom is a leading provider of factoring software solutions. Founded and headquartered at the heart of Europe\u2019s financial capital near Frankfurt\/Main over 20 years ago, it now serves, along with its participations and partners, nearly 50 fine and renowned financial institutions such as Deutsche Bank-Postbank, HSBC, BNP Paribas, Unicredit, BBVA, Eurofactor, Raiffeisenbank, Allianz-Bank, NovaKBM, FinTechs, large corporations and many more. During 2022, efcom\u2019s clients will achieve a factoring volume in excess of 200 billion Euros with over 100 million invoices and over 1 million buyers and sellers. 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href=\"mailto: sales@efcom.de\" class=\"mail single-soc-icon-90fcff3fa6352f26a764a464269a4e3a dt-icon-bg-on dt-icon-hover-bg-on\"><i class=\"soc-icon soc-font-icon dt-icon-mail\"><\/i><span class=\"screen-reader-text\">Mail<\/span><\/a><\/div>\t\t<\/div><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1661784190863{margin-top: 50px !important;}&#8221;][vc_column][vc_cta h2=&#8221;efcom with first factoring customer in the Middle East: Eaton Enterprises in Dubai&#8221; h2_font_container=&#8221;tag:h2|text_align:left|line_height:1.5&#8243; h2_google_fonts=&#8221;font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; h4_font_container=&#8221;tag:h4|text_align:left&#8221; 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relationship&hellip;<\/p>\n","protected":false},"author":5,"featured_media":62858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[70],"tags":[181,140,183,182],"class_list":["post-62861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fuer-die-englische-seite-2","tag-efcom-en","tag-factoring-en","tag-future","tag-innovation-en","category-70","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>efcom\u00b4s first factoring customer in the Middle East - efcom gmbh | Proven and efficient standard software for factoring institutes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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