IFSB is currently the most active and held the largest market share among privately owned factoring companies. The target market are companies that are involved in government and GLCs procurement contract.With the government being an important purchaser in the economy coupled with its substantial expenditure budgets, this market is exceptionally big. One particular segment of this market which would be of particular interest would be those companies who have secured Local Purchase Orders (LPO) or ‘Pesanan Kerajaan’ and Surat Setuju Terima (Letter of Award) from the government.The substantial government budget has provided tremendous opportunities and growth for the factoring finance of government contracts. Ikhtiar Factoring is a boutique factoring finance institution solely concentrating on the factoring and contract finance of the Malaysian government and government-owned companies such as Tenaga, Telekom, Petronas contracts. In Malaysia there are other bank-backed factoring institutions but these institutions offer a wide array of factoring finance which includes private factoring. These institutions are primarily lending based institutions and bureaucratic process often results in long delay of approvals.Ikhtiar Factoring competitive edge is its prompt decision making on approvals or non-approval of applications receive, which is on average within 7 working days, whilst issuance of trade finance instruments (Letter of Credits and Performance Guarantee) averaging 3 days. IFSB speed in the approval is very much due to the less bureaucratic process which often prevails in bank-backed factoring institutions. As such the financing of government contracts have overtime made Ikhtiar Factoring the premier choice of companies that obtained government contracts.IFSB have for the past decades had achieved business volume exceeding RM2.0 billion and expected to grow aggressively in the next two years with client’s base of more than 2,000 clients.
IFSB is currently the most active and held the largest market share among privately owned factoring companies. The target market are companies that are involved in government and GLCs procurement contract.With the government being an important purchaser in the economy coupled with its substantial expenditure budgets, this market is exceptionally big. One particular segment of this market which would be of particular interest would be those companies who have secured Local Purchase Orders (LPO) or ‘Pesanan Kerajaan’ and Surat Setuju Terima (Letter of Award) from the government.The substantial government budget has provided tremendous opportunities and growth for the factoring finance of government contracts. Ikhtiar Factoring is a boutique factoring finance institution solely concentrating on the factoring and contract finance of the Malaysian government and government-owned companies such as Tenaga, Telekom, Petronas contracts. In Malaysia there are other bank-backed factoring institutions but these institutions offer a wide array of factoring finance which includes private factoring. These institutions are primarily lending based institutions and bureaucratic process often results in long delay of approvals.Ikhtiar Factoring competitive edge is its prompt decision making on approvals or non-approval of applications receive, which is on average within 7 working days, whilst issuance of trade finance instruments (Letter of Credits and Performance Guarantee) averaging 3 days. IFSB speed in the approval is very much due to the less bureaucratic process which often prevails in bank-backed factoring institutions. As such the financing of government contracts have overtime made Ikhtiar Factoring the premier choice of companies that obtained government contracts.IFSB have for the past decades had achieved business volume exceeding RM2.0 billion and expected to grow aggressively in the next two years with client’s base of more than 2,000 clients.
IFSB is currently the most active and held the largest market share among privately owned factoring companies. The target market are companies that are involved in government and GLCs procurement contract.With the government being an important purchaser in the economy coupled with its substantial expenditure budgets, this market is exceptionally big. One particular segment of this market which would be of particular interest would be those companies who have secured Local Purchase Orders (LPO) or ‘Pesanan Kerajaan’ and Surat Setuju Terima (Letter of Award) from the government.The substantial government budget has provided tremendous opportunities and growth for the factoring finance of government contracts. Ikhtiar Factoring is a boutique factoring finance institution solely concentrating on the factoring and contract finance of the Malaysian government and government-owned companies such as Tenaga, Telekom, Petronas contracts. In Malaysia there are other bank-backed factoring institutions but these institutions offer a wide array of factoring finance which includes private factoring. These institutions are primarily lending based institutions and bureaucratic process often results in long delay of approvals.Ikhtiar Factoring competitive edge is its prompt decision making on approvals or non-approval of applications receive, which is on average within 7 working days, whilst issuance of trade finance instruments (Letter of Credits and Performance Guarantee) averaging 3 days. IFSB speed in the approval is very much due to the less bureaucratic process which often prevails in bank-backed factoring institutions. As such the financing of government contracts have overtime made Ikhtiar Factoring the premier choice of companies that obtained government contracts.IFSB have for the past decades had achieved business volume exceeding RM2.0 billion and expected to grow aggressively in the next two years with client’s base of more than 2,000 clients.