📋 Tender Overview
Rostelecom and Farzoom have launched a digital factoring platform, Accounts Receivable Exchange , on the open market, which is designed for suppliers, manufacturers and contractors facing delays in receiving payments. Any organization can act as a debtor on the platform.
Launched in November 2023 , the Accounts Receivable Exchange was initially intended solely for internal use at Rostelecom. Now the digital platform is available on the open market and is used not only for factoring operations, but also for dynamic discounting, which will become another convenient cash flow management tool for customers.
Rostelecom verifies its obligations, suppliers and contractors can be financed on favorable terms. Due to end-to-end automation, a smaller package of documents is required, and the process of receiving money is accelerated. The accounts receivable exchange is designed to become an effective digital alternative to classic factoring. In addition, Rostelecom takes on organizational interactions with factors [1] , thus simplifying the use of the platform.
First Vice President of Rostelecom Sergey Anokhin:
"Rostelecom pays special attention to digital solutions for financial institutions and businesses. The Digital Accounts Receivable Exchange is a convenient tool for attracting the most favorable financing for suppliers, manufacturers and contractors who have already won the procurement procedure and are supplying goods and works, but prefer to speed up the receipt of payment."
Vice President and Director of Digital Business Development at Rostelecom Denis Ryabchenkov:
"Together with our subsidiary Fazum, we are preparing new fintech products for participants in procurement procedures. First of all, this is the "Accounts Receivable Exchange" for fast, convenient and inexpensive financing of supplies, obtaining operational financing online. Soon we will present a new line of popular digital solutions."
