Administering project receipts in trust, in a transparent manner
You may, for example, be a media company that is responsible for a film project in cooperation with your partners. The proceeds from the sale of the film shall be administered independently and distributed among the partners. In order to design the collection and distribution of the proceeds to all project partners in a professional manner, you want to assign the responsibility for these duties to a reputable, financially strong, transparent collecting agent.
As a collecting agent, Eurofactor is a neutral administrator of cash receipts for projects in which several companies participate. We handle the following trust activities:
- Establishing a special collection account with online access for all project partners.
- Accumulating the project receipts in the collection account and distributing them to the project partners.
- Investing the project receipts at the best possible interest rate.
- Transparent accounting for payout claims and payment to project partners.
- Transparent bookkeeping for receipts and payouts.
- Regular reporting to project partners.
- Tracking of all receipts and payouts on EOL.
- Verifiability of proper processing through on-site project audits.
- If required, use of our collection service with global collection activities.
Contact one of our sales managers. He will discuss with you the possibility of a collecting service tailored to your needs.
