Why Nextfactor?

Nextfactor is not a factoring company but a factoring consultant. So why not contact a factoring company directly?

Here are 5 strong reasons:

1) The Right Choice, Right from the Start

Belgium has around 10 active factoring companies, and when foreign players are included, this number jumps to about 20. Each company has unique characteristics that aren’t always clear from their website. Do they work with start-ups? How do they view your industry? What products do they offer? Are they better suited for businesses with many customers or those with a smaller client base? Our experienced factoring advisers are intimately familiar with each company’s offerings and know precisely which one matches your business needs. That’s why we invest the time to understand your company thoroughly

2) Optimized File Preparation

Before any partnership begins, factoring companies require their risk committee to approve your file. Each company prioritizes different criteria. NextFactor ensures that your file is complete, accurate, and tailored to their expectations from the outset. This benefits both your company and the factoring provider, as they receive a well-prepared submission, significantly speeding up the approval process.

3) Getting the Right Price

Factoring rates can range from 0.03% to 5%, depending on the size and risk profile of your business. With both multinationals and small sole traders using factoring services, determining the correct price can be tricky without industry knowledge. This is where NextFactor’s expertise is invaluable—we ensure you pay a fair, competitive rate tailored to your business’s needs.

4) Support Throughout the Contract Period

During a factoring agreement, issues may arise that strain the relationship with the provider. For example, an invoice might be flagged as disputed, causing funding delays—even when you know there is no real dispute, but rather your customer is making excuses to avoid payment. In such situations, NextFactor steps in, advocating for your interests. However, if the factoring company is justified in its decision, we’ll also explain their stance to you in a clear and fair manner.

5) Planning for the Future

As your business evolves, the factoring solution that suits you today might not be the best fit tomorrow. Growth doesn't always prompt a factoring company or bank to automatically offer better terms. NextFactor continuously monitors your business’s progress and, if a better product or provider becomes available, we’ll advise you when it’s time to adjust or switch to ensure you’re always getting the best deal.

In summary, partnering with NextFactor guarantees expert advice, tailored solutions, and ongoing support to keep your financing aligned with your business’s needs.