[et_pb_section fb_built=”1″ _builder_version=”4.7.6″ _module_preset=”default” custom_padding=”21px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.14.8″ _module_preset=”default” max_width=”700px” custom_padding=”2px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”\/en\/news\/” button_text=”Back to the news page ” module_class=”btn-back” _builder_version=”4.14.8″ _module_preset=”default” custom_button=”on” button_text_color=”#001194″ button_bg_color=”rgba(0,0,0,0)” button_font=”||||on||||” button_icon=”#||divi||400″ button_icon_placement=”left” button_on_hover=”off” hover_enabled=”0″ global_colors_info=”{}” button_text_color__hover_enabled=”off|hover” custom_padding__hover_enabled=”off|desktop” custom_padding__hover=”|||59px|false|false” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.7.6″ _module_preset=”default” max_width=”700px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.9.0″ _module_preset=”default” header_font_size=”46px” header_line_height=”1.4em” header_2_font=”|700|||||||” header_2_text_color=”#000a54″ header_2_font_size=”27px” header_2_line_height=”1.3em” header_3_text_color=”#000a54″ header_3_font_size=”25px” header_3_line_height=”35px” header_4_text_color=”#000a54″ header_4_font_size=”21px” header_4_line_height=”29px” global_colors_info=”{}”]<\/p>\n
<\/strong><\/p>\n This is a person who can definitely be called a Factris (formerly Debifo) veteran in Lithuania. \u201cI was the first employee at this company, aside from the manager at the time, of course,\u201d says Edmundas, who has been working in the company for four years. During this time he grew professionally and contributed to the development of the company as a whole.<\/p>\n \u201cPreviously, I had a chance to work in the fields of data analysis and business consulting. One day I just realised that working in a large organisation leaves less room for inventiveness\u00a0as you have to adhere to the established discipline. Meanwhile, at smaller, growing companies, you can deal with various aspects of business specifics that I find very interesting. This aspiration brought me to Debifo. I started here as an operations specialist. After a year, I became head of the Operations and Risk Department, and a bit later, after merging with Factris \u2013 the Head of Risk for Lithuania and Latvia. I\u2019m now working at the international level,\u201d says Edmundas, sharing the story of his progress.<\/p>\n <\/p>\n \u201cIf you asked me to describe my responsibility in simple terms, I\u2019d say that together with my team we are the \u2018last stage\u2019 that the salesperson has to pass for a potential client to become a real client of our company. I analyse potential clients\u2019 financial data and creditworthiness reports, and work with the salespersons to evaluate the needs of the client until we finally make a financing decision,\u201d says Mr. Volskis about his everyday activities.<\/p>\n Actually, it doesn\u2019t stop there. A potential client, who becomes a Factris client isn\u2019t, as Edmundas says, left to himself. \u201cWe monitor what\u2019s going on with our clients \u2013 what changes are occurring in their activities and finances. The financing conditions are periodically reviewed. Of course, in addition to all this, there is also report preparation and factoring portfolio analysis. Basically, there is really a lot of different work that has to be arranged and done, but I find it very interesting,\u201d says Edmundas.<\/p>\n Since Factris is committed to delivering an initial financing proposal to the client in just one working day, the job naturally demands speed and utmost precision. \u201cThe final decision also depends on the client himself \u2013 when he will be able to provide all of the necessary information. It is in our interest to ensure that we cooperate with the client in an effective and efficient way,\u201d says the Head of Risk at Factris.<\/p>\n <\/p>\n Edmundas recalls that when the company just started, it was quite difficult to present the benefits of factoring to business. \u201cCompanies knew little about the factoring service, so we had to play a certain education role, but we are seeing significant progress over the years of operation. Companies are interested and taking the initiative themselves, and together we find the best solutions. This is very gratifying and makes you realise that all of your work has not been in vain,\u201d says Mr. Volskis.<\/p>\n Edmundas advises companies that are considering applying for a factoring service first of all to think about why a factoring service is necessary and beneficial to them. \u201cThe company has to feel a real need for additional funding \u2013 for expansion or additional projects that need investment. You have to evaluate whether the profit margin allows them to use of a factoring service. Of course, we are there to help our customers to evaluate all this. True, sometimes we also have to deal with cases where the managers of the companies or the heads of units are unaware or not knowledgeable about their operational processes, and are not familiar with financial statement items or are unable to answer simple questions about their business specifics. This does not make a good impression, and in that case cooperation does not always result. Our goal is to help companies grow and\u00a0\u00a0we strive to make it a reality and deliver real benefits, so naturally we need to properly assess the risks,\u201d says the Head of Risk at Factris.<\/p>\n <\/p>\n \u201cI can confidently state that my work at the company\u00a0\u00a0has broadened my worldview and I have become acquainted with many business processes. The specifics of factoring force you to learn fast, and if you make a mistake, you have to respond here and now, so I must admit that the ability to adapt to the situation, speed and self-control are essential in my everyday activities,\u201d says Edmundas.<\/p>\n He says that he firmly believes that nothing comes easy, and that only focused work produces results. \u201cWhen I look back and reflect on how our company developed, I can swear that all of the work has not been in vain \u2013 from a small team of a few people huddled around two tables to an international company! We are definitely doing something right and we don\u2019t plan to stop!\u201d says Mr Volskis, not hiding his enthusiasm.<\/p>\n As Edmundas says, he doesn\u2019t like to sit around after work. \u201cWakeboarding, trail running, boxing, travelling \u2013 all this motivates me to move forward and maintain a work-life balance, which is really necessary,\u201d says the young man speaking about his leisure activities.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.8″ _module_preset=”default” max_width=”700px” custom_padding=”2px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”\/en\/news\/” button_text=”Back to the news page ” module_class=”btn-back” _builder_version=”4.14.8″ _module_preset=”default” custom_button=”on” button_text_color=”#001194″ button_bg_color=”rgba(0,0,0,0)” button_font=”||||on||||” button_icon=”#||divi||400″ button_icon_placement=”left” button_on_hover=”off” hover_enabled=”0″ global_colors_info=”{}” button_text_color__hover_enabled=”off|hover” custom_padding__hover_enabled=”off|desktop” custom_padding__hover=”|||59px|false|false” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.7.6″ _module_preset=”default” background_color=”#000A54″ custom_padding=”20vh||20vh||true|false” global_module=”2087″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.7.6″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.9.0″ _module_preset=”default” header_font=”|700|||||||” header_text_color=”#ffffff” header_font_size=”46px” header_line_height=”2em” header_2_font=”|700|||||||” header_2_text_color=”#ffffff” header_2_font_size=”46px” header_2_line_height=”2em” header_3_font=”|700|||||||” header_3_text_align=”center” header_3_text_color=”#ffffff” header_3_font_size=”25px” header_font_tablet=”” header_font_phone=”” header_font_last_edited=”on|desktop” header_line_height_tablet=”1.8em” header_line_height_phone=”1.4em” header_line_height_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”32px” header_2_font_size_last_edited=”on|tablet” header_3_font_tablet=”” header_3_font_phone=”” header_3_font_last_edited=”on|phone” header_3_line_height_tablet=”” header_3_line_height_phone=”1.8em” header_3_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_button button_url=”\/en\/eligibility\/” button_text=”See if I qualify” button_alignment=”center” module_class=”btn-tertiary-2″ _builder_version=”4.14.8″ _module_preset=”default” custom_button=”on” button_text_color=”#ffffff” button_bg_color=”rgba(0,0,0,0)” button_font=”||||on||||” button_icon=”$||divi||400″ button_icon_color=”#ffffff” button_on_hover=”off” custom_margin=”||20px|||” custom_padding=”0px|0px|0px|0px|true|true” global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/onboarding.factris.com\/en\/sign-up” button_text=”Finance my invoices” button_alignment=”center” _builder_version=”4.13.0″ _module_preset=”default” button_icon=”$||divi||400″ button_icon_color=”#353540″ button_on_hover=”off” custom_margin=”||18px|||” custom_padding=”10px|40px|10px|25px|true|false” global_colors_info=”{}” custom_padding__hover_enabled=”on|hover” custom_padding__hover=”|50px|||true|false”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Factris Head of Risk Edmundas Volskis: \u201cWhat we have achieved proves that we were on the right track in developing a factoring company!\u201d This is a person who can definitely be called a Factris (formerly Debifo) veteran in Lithuania. \u201cI was the first employee at this company, aside from the manager at the time, of […]<\/p>\n","protected":false},"author":1,"featured_media":20633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n Advisory board<\/strong><\/p>\n\n\n\n Brian Reaves <\/strong>Chief Executive Officer<\/p>\n\n\n\n Serial entrepreneur and investor in the mobile and payments space. Brian was involved in building 21 prior businesses including 15 mobile networks and 4 payment companies.<\/p>\n\n\n\n Adam Posma <\/strong>Founder and Chief Product Officer of ClubCollect<\/p>\n\n\n\n Adam founded ClubCollect in 2013 - a provider of membership fee collection services for sports clubs. He started his career in wealth management at BNP Paribas.<\/p>\n\n\n\n Dr. Tom F. Lesche <\/strong>Principal at Speedinvest<\/p>\n\n\n\n Tom started his career in investment banking. Most recently, he was a Vice President at Morgan Stanley in London, advising financial technology companies on a variety of capital markets and M&A transactions. At Speedinvest, he solely focuses on investments in European fintech companies.<\/p>\n\n\n\n Donatas Juodelis <\/strong>Founder of Debifo<\/p>\n\n\n\n Donatas started his career as a lawyer but quickly moved to entrepreneurship and investments. Co-founded IT company INNTEC, co-founded factoring company Debifo and a couple of other successful startups. In most of the companies, Donatas was responsible for business and corporate development.<\/p>\n\n\n\n Faisal Hakki <\/strong>Managing director at AB Ventures<\/p>\n\n\n\n Faisal is Managing Director at AB Ventures, the FinTech focused, early-stage Venture Capital arm of Arab Bank. Prior to joining AB Ventures, Faisal was CEO at Oasis500 \u2013 the leading seed-stage investment fund and accelerator in Jordan. Faisal has also held senior positions at Accelerator Technology Holdings, Arab Advisors Group and Fastlin.<\/p>\n\n\n\n Brian Reaves <\/strong>Chief Executive Officer<\/p>\n\n\n\n Serial entrepreneur and investor in the mobile and payments space. Brian was involved in building 21 prior businesses including 15 mobile networks and 4 payment companies.<\/p>\n\n\n\n Adam Posma <\/strong>Founder and Chief Product Officer of ClubCollect<\/p>\n\n\n\n Adam founded ClubCollect in 2013 - a provider of membership fee collection services for sports clubs. He started his career in wealth management at BNP Paribas.<\/p>\n\n\n\n Dr. Tom F. Lesche <\/strong>Principal at Speedinvest<\/p>\n\n\n\n Tom started his career in investment banking. Most recently, he was a Vice President at Morgan Stanley in London, advising financial technology companies on a variety of capital markets and M&A transactions. At Speedinvest, he solely focuses on investments in European fintech companies.<\/p>\n\n\n\n Donatas Juodelis <\/strong>Founder of Debifo<\/p>\n\n\n\n Donatas started his career as a lawyer but quickly moved to entrepreneurship and investments. Co-founded IT company INNTEC, co-founded factoring company Debifo and a couple of other successful startups. In most of the companies, Donatas was responsible for business and corporate development.<\/p>\n\n\n\n Faisal Hakki <\/strong>Managing director at AB Ventures<\/p>\n\n\n\n Faisal is Managing Director at AB Ventures, the FinTech focused, early-stage Venture Capital arm of Arab Bank. Prior to joining AB Ventures, Faisal was CEO at Oasis500 \u2013 the leading seed-stage investment fund and accelerator in Jordan. Faisal has also held senior positions at Accelerator Technology Holdings, Arab Advisors Group and Fastlin.<\/p>\n\n\n\n <\/p>\n","_et_gb_content_width":"2880","footnotes":""},"categories":[13],"tags":[],"yoast_head":"\nFrom a potential client to a real client<\/strong><\/h2>\n
First, customer must feel the need of factoring<\/strong><\/h2>\n
Only focused work produces results<\/strong><\/h2>\n
Focus on telling your business story<\/h2>\n
Trade your invoices for working capital by factoring<\/h3>\n