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Advisor(s)
Abstract(s)
O crédito de curto prazo é absolutamente fundamental para a sobrevivência das empresas portuguesas, pois permite que estas façam face às suas necessidades de tesouraria, fundamentais na gestão do ciclo operacional das mesmas, em especial quando o prazo médio de recebimentos médio no país é elevado.
Esta necessidade resulta em produtos de financiamento de curto prazo cada vez mais focados na eficiência e na facilidade de acesso, não descurando a análise do risco, traduzindo-se num aumento nos últimos anos do peso dos créditos tomados em contratos de factoring na economia. Além de resolverem problemas de tesouraria, o factoring e confirming apresentam vantagens quando comparados com outros instrumentos de
financiamento de curto prazo. O factoring permite a otimização de custos e recursos, com a transferência de tarefas administrativas relacionadas com as funções de comunicação e de cobrança para cargo do banco com a cessão dos créditos. Permite ainda às empresas ter mais segurança no seu negócio graças à diminuição de créditos incobráveis e cobertura sobre o risco de insolvência. Já o confirming destaca-se pela rapidez e facilidade de acesso, além de expandir os prazos de pagamentos aos fornecedores.
Da realização do estágio retira-se a observação desta realidade, através do grande fluxo de novas propostas diárias de contratos de factoring e de confirming, e do foco no objetivo de cumprimento dos prazos estabelecidos.
Short-term credit is crucial for the survival of portuguese companies, since it allows those companies to deal with their treasury needs, which have a major importance in managing the operacional cycle of those companies, specially in Portugal where the total amount of time to get paid is high. Those needs results in short-term financing products more and more focused on eficiency and being easy to acess, while also making sure to keep a good risk of credit management. This has resulted in a bigger weight of the credits taken by factoring contracts in the overall economy. On top on dealing with those treasury needs, factoring and confirming also provide other benefits when compared to other short-term financial options. Factoring helps companies optimizing costs and resources, as they transfer administrative tasks related to communication with clients and with collection to the bank itself. It also provides a bigger security for companies operations as it lowers the risk of having bad debts and gives insurance against insolvency. As for Confirming, it shines for being acessible and having a fast implementation, and also permits delaying the payments to suppliers. Observation of this reality was possible within the duration of the internship, dealing with a big influx of new contract proposals for factoring and confirming, and from dealing with the focus on having a good performance with clients, fulfiling the deadlines.
Short-term credit is crucial for the survival of portuguese companies, since it allows those companies to deal with their treasury needs, which have a major importance in managing the operacional cycle of those companies, specially in Portugal where the total amount of time to get paid is high. Those needs results in short-term financing products more and more focused on eficiency and being easy to acess, while also making sure to keep a good risk of credit management. This has resulted in a bigger weight of the credits taken by factoring contracts in the overall economy. On top on dealing with those treasury needs, factoring and confirming also provide other benefits when compared to other short-term financial options. Factoring helps companies optimizing costs and resources, as they transfer administrative tasks related to communication with clients and with collection to the bank itself. It also provides a bigger security for companies operations as it lowers the risk of having bad debts and gives insurance against insolvency. As for Confirming, it shines for being acessible and having a fast implementation, and also permits delaying the payments to suppliers. Observation of this reality was possible within the duration of the internship, dealing with a big influx of new contract proposals for factoring and confirming, and from dealing with the focus on having a good performance with clients, fulfiling the deadlines.
Description
Mestrado em Análise Financeira
Keywords
Factoring Confirming Financiamento de curto prazo Financiamento de tesouraria Short-term financing Treasury financing
Citation
Galvão, D. F. C. C. (2021) Porquê o factoring e o confirming como crédito de curto prazo? (Dissertação de mestrado não publicada). Instituto Politécnico de Lisboa, Instituto Superior de Contabilidade e Administração de Lisboa. Disponível em http://hdl.handle.net/10400.21/15693