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BNP Paribas Factor obtains ISO 9001 certification

BNP Paribas Factor, a subsidiary of BNP Paribas Group specialising in factoring, has just been granted the ISO 9001 version 2000 certificate. The commitment and work of all the subsidiary's staff have enabled it to obtain certification for all the activities of BNP Paribas Factor in less than a year.

Obtaining this quality certificate illustrates BNP Paribas Factor's desire to constantly meet the growing demands and increasingly sophisticated requirements of its clients. This continuous striving for the best standards of quality reflects the diversity of the product offer, tailored to each client segment, the high performance of the transaction recording system and the transparency of the resources providing the services.

The product offer responds to requirements for funding and outsourced management of customer receivables from companies of all sizes ranging from sole traders to multi-nationals. BNP Paribas Factor also assists clients outside France, both for exports and imports, thanks to its membership of the FCI network (Factors Chain International), which includes 189 factoring companies in 55 countries.

This certificate, which was issued by the AFAQ, an independent organisation, is recognition for the quality of procedures and the professionalism of the services provided. It covers all the factoring activities and services performed by BNP Paribas Factor :

- Financing of customer receivables,
- Invoice management and back-up securitisation servicing,
- Cover for customer insolvency,
- Customer debt collection.

BNP Paribas Factor is the factoring company and wholly-owned subsidiary of BNP Paribas Group; it purchased over 5 billion of receivables in 2004, up over 38% compared to 2003.