Research Paper (postgraduate) from the year 2019 in the subject Economics - Finance, grade: 1,0, , language: English, abstract: This work focusses on factoring as a new service in the financial industry. Over the past fifteen years, an increasing number of small and medium-sized companies have begun to consider factoring as a practical source of working capital. Unfortunately, the availability of accurate information and time has not kept the same pace with the growing interest in this used form of funding. The financial sector, especially the banking sector, has been hit by the difficulties generated by the tensions of debt dependence, which are affecting the banking market assessment and its ability to create medium and long-term funds. Consequently, making a comparison with the past, in general, the most valued valuation methods are the cost of funds which have increased significantly. Current economic conditions, characterized by credit constraints, make factoring one of the most favorable solutions for businesses. This funding method is one of the ways it takes a short time to negotiate and one of the easiest methods to provide working capital funds. Factoring services offer an alternative to credit to companies that need little help with funds. By selling your receivables to a factoring company, you receive a portion of the forward amount and receive the rest, minus a percentage that the company receives as a payment as soon as the amount is collected. You get most of your funds before the customer has paid the account, instead of waiting until after paying the bill. The factoring service works to collect accounts receivable so that you can devote your resources and efforts elsewhere to your business. Through factoring, businesses can: enable their boards and senior management to make better informed decisions, proactively manage the provisions and effects on capital plans, make strategic decisions with a view to mitigating risks in the event of current underlying conditions, get assistance in understanding the evolving risk nature of the banking sector. Key words: Albania, Factoring, Services, Financial Institutions

Auteur

Dr. Arjeta Hallunovi is a finance lecturer in the Department of Finance - Accounting at University Aleksander Moisiu Durres in Albania. She holds a PhD in Economics Sciences, Finance - Bank Profile. Mrs. Hallunovi is author of three books, two monographs and has more than 50 published papers, the major part with Impact Factor and Thomson Reuters in United Kingdom, Germany, Singapor, USA, Canada, Montenegro etc. She was part of the Programme Committee in the 8th Conference of Faculty of Business in the University Aleksander Moisiu Durres and also editor of the Book of Abstracts. Mrs. Hallunovi was the organizer of the activity "Performance audit and the necessity for practical recognition of this field" on March 27, 2018, with the participation of the Suprem Audit of Albania in the Finance - Accounting Department. She has participated in many trainings and courses as The National Accounting Standards, The elements of banknotes security and their examination techniques, "Making Cent $ - Plan" Economic planning of rural businesses etc. In June 2018 she successfully completed the Summer School "Advanced Measurement of Quality of Working Life" in France, in which also presented a scientific paper. In May 2018 was part of the Teaching Mobility in Danubius University, in Galati, Romania with the Erasmus students. In 27 - 30 September 2018 was part of the World Youth Forum Right to Dialogue. Ethics of Complexity. XI Edition in Trieste, Italy. Among other things, she is on the editorial board of The Educational Review-USA at the Hill Publishing Group, Journal of Finance and Accounting at the Science Publishing Group (USA), Journal of Applied Mathematics and Computation at Hill Publishing Group (USA), Academic Journal of Accounting and Finance at the International Association of Scientists and Researchers (India) and Interdisciplinary Journal of Research and Development at University Aleksander Moisiu Durrës (Albania), as well as scientific collaborator at the Institute for Scientific Research and Development in Montenegro and she is member of UdEcoM Balkan.