International Factoring Association Forms Alliance with the Colombian Association of Factoring

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The International Factoring Association (“IFA”) announced that they have entered into a cooperative agreement with the Colombian Association of Factoring (“CAF”).

Pismo Beach, CA, United States., January 9, 2013 - (PressReleasePoint) - The International Factoring Association (“IFA”) announced that they have entered into a cooperative agreement with the Colombian Association of Factoring (“CAF”). Both the IFA and CAF are looking forward to extending their reach by organizing seminars and workshops on factoring topics and by holding networking events. The shared goal of the two organizations is to assist banks, finance companies and users of alternative financing services engaged in factoring and receivable financing by providing information, training, and purchasing power.

The cooperative agreement allows both associations and their members to: • Publicize each other’s events. • Assist each other in the organization of factoring seminars/workshops. • Extend invitations to members of both organizations for seminars and workshops. • Allow members of either association to attend events at the other association’s membership only rate. • Build a global network of factoring professionals.

“It’s impossible to participate in today’s finance economy without having a global perspective. We’re looking forward to increasing our knowledge of the industry with our neighbors to the north and to participating in international events,” said Eduardo Rincón Herrera, CAF president.

The IFA also entered a similar agreement with the Romanian Factoring Association (RFA) last year, and serves as a mentor to both the RFA and the CAF, helping to increase their membership and events.

“As the largest international organization dedicated to factoring, we play a leadership role in furthering the industry. These partnerships are beneficial to all involved, but the biggest winner will be the business community,” said Bert Goldberg, IFA president. “By increasing access to and understanding of alternative financing solutions on a global basis, we will be able to help businesses move forward and succeed. And at the end of the day, that’s what we’re all about.”

About the Colombian Association of Factoring
The Colombian Association of Factoring is the leading organization of factoring and receivables finance providers. They provide information concerning the industry and the economy as a whole, factoring training, credit and operations research, financial studies, and data to the sector, the Colombian state and the community.

About the International Factoring Association
Headquartered in Pismo Beach, California with over 400 corporate members, the International Factoring Association is the largest association of commercial finance companies in the world. Members include factoring companies, asset based lenders and other receivables finance companies. Since 1999, the International Factoring Association has provided a forum for member organizations to meet and discuss issues and concerns, share best practices, disseminate information and promote a single voice to the marketplace. The principal spokesperson for the factoring and receivables finance industry is the International Factoring Association’s Bert Goldberg. For more information visit www.factoring.org.