We stand for many years of expertise.

CEO of Zessions-Service GmbH and contact person for prospective customers is Jan Pieper. After his bank apprenticeship and business administration studies, a traineeship and occupation in a bank branch of the Commerzbank AG, he most recently chaired a special factoring company as co-board member and founder. Since March 2020, he has been part of the efcom family and co-founder of Zessions-Service GmbH.

A partner that brings a lot
of practical know-how
to the table.

Chief shareholder of the Zessions-Service GmbH is efcom gmbh based in Neu-Isenburg. efcom encompasses 20 years of experience in software development and the design of efficient solutions for the receivables management in the financial sector. Meanwhile, the software is being used by 15,000 factoring clients on a daily basis with a yearly settlement volume of more than € 130 billion.

A partner that brings a lot
of practical know-how
to the table.

Chief shareholder of the Zessions-Service GmbH is efcom gmbh based in Neu-Isenburg. efcom encompasses 20 years of experience in software development and the design of efficient solutions for the receivables management in the financial sector. Meanwhile, the software is being used by 15,000 factoring clients on a daily basis with a yearly settlement volume of more than € 130 billion.

FAQ: Our answers to your
most important questions.

Is it worth it for us?

We recommend considering the engagements with an increased risk of default. Simply determine by how much you may be able to reduce your individual value corrections in the event of an expected average default and compare that with the costs which may incur. We will be happy to make you an individual offer.

In the case of insolvency, the insolvency administrator will collect our receivables on our behalf. Then why do I need your service?

The insolvency administrator only takes action when the insolvency proceedings are opened. The erosion of your global assignment that is burdening you already starts at the beginning of the crisis through transfers from debtors to other banks. If this condition persists for several weeks, you will lose a large amount of your collateral due to payments in discharge of debt by the debtors to third parties. With our help, you can prevent this and remain able to act even if insolvency proceedings are not opened in the first place.

How does the assignment service work?

You commit your borrowers to provide current receivables lists in regular intervals, for example weekly, electronically via our online portal. We monitor submission and quality in terms of volume, age of receivables, cluster risks and, of course, timeliness. If any obligation is breached, we will inform you. If a receivables list is submitted late, we will also inform the borrower in question.

Are we even able to use the assignment service?

You must conclude a contract with us as a credit institution in order to be able to use the service. After that, it is possible to use the service within a few days. The onboarding of a borrower is a standard procedure.

How long does it take to submit the first assignment list?

Should it need to go fast, it can be done within a week —provided your borrowers also cooperate.

How does the disclosure work?

We recommend having your borrower already sign a blank letter of advice at the time of concluding the assignment agreement, with which you legitimise yourself to the debtors upon disclosure. If collateral must be liquidated, Zessions-Service GmbH will send disclosure notices to all debtors on your behalf and request payment to the account you have named. By request, we will also take over the downstream collections.

How high is the effort for the borrower?

All common accounting systems allow data exports in formats that can be used by us. After the data exchange has been set up for the first time, the effort for regular reports is in the range of minutes.

Are there also any advantages for our borrowers?

Several. The ongoing and documented submission shows the real-time turnover development and the existing receivables. In case of a demand for credit or an extension, additional transparency creates trust. In the extreme case, given guarantees will be used less because the credit institution’s receivable will be lower.

We are here for you personally.

If we have not been able to answer your questions in our FAQ, we look forward to receiving your enquiry by mail or phone.

Zessions-Service GmbH © 2021. All rights reserved.

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