In many years of very diversified professional activities as
CFO, commercial manager with power of attorney, director of finance, authorized signatory
in various, mostly medium-sized companies, some family-managed
I have gained extensive and valuable experience in direct responsibility and task-related. Most of the commercial tasks are therefore well known to me from practical experience.
I have always been able to familiarize myself with new topics and industry peculiarities as quickly as possible.
I am familiar with the issues associated with strong growth as well as with normal business tasks. I am also very familiar with the tasks involved in reorganization, restructuring and turnaround.
Factoring is a virtual transaction: receivables are sold or purchased. This business is a financial service requiring a license and supervision, which is defined and regulated in more detail in the German Banking Act (KWG Kreditwesengesetz). Factoring companies are subject to supervision by the Federal Financial Supervisory Authority (BaFin Bundesanstalt für Finanzdienstleistungsaufsicht) and the German Federal Bank (Deutsche Bundesbank).
There are a large number of variants as well as industry-specific solutions and very specialized providers. A special segment is health care factoring, the purchase of invoices from patients' own and private medical treatments.
The entire German factoring market has a volume of over 200 billion Euro p.a. (!) and has grown strongly over the last 20 years. The b2c factoring for medical health care professions as a special sub-segment has a volume of perhaps 8 billion Euro p.a. with few providers, strong digitalization, special laws for the protection of patients' personal data and very many, but small invoices, which are industrially processed electronically in masses.
German mechanical engineering companies are successful worldwide. The recipe for success is leading know-how combined with reliable German cutting-edge technology. The engineering-based mechanical and plant engineering sector, as well as the special mechanical engineering sector in particular, are characterized by a very strong export orientation. This means that the commercial side is of great importance. Different laws, rules and standards apply worldwide and must be taken into account.
Also and in particular, the financial side has to be designed securely and appropriately. The risks of international business are many times higher than for business in Germany. Even in the European area there are many specialties. These higher risks have to be managed.
However, these challenges and calculable risks go hand in hand with excellent, special opportunities in new, large and interesting markets and very decent earnings potential.
There are many different forms of trade. What they all have in common is that a good or service can be purchased cheaply and resold at an appropriate markup. The link between supply and demand.
Every business has its own special features: Whether books, textiles, gift items, building materials. Consumer goods or consumables, retail, chain store retail, wholesale, production link retail, online retail, mail order, stationary and multichannel, b2c, b2b.
With international sourcing and global sales, in regional markets and real goods or virtual services. Keywords are margin/surcharge, rotation, disposition, depreciation, shrinkage, warehousing, logistics, financing, quality assurance, and and ...