BFS finance GmbH

BFS finance GmbH is a German financial services company and a subsidiary of Bertelsmann, operating within the group's arvato division. Headquartered in Verl near Gütersloh, it also has locations in Münster, Dortmund and Potsdam. Founded in 1999 as a Bertelsmann group company, its business roots reach back to 1961. BFS finance is a bank-independent financial services provider that focuses on receivables management and financial services across the entire lifecycle of a receivable — from invoicing and receivables protection to pre-financing and payment booking. The company has become a notable provider in the German factoring market, offering B2B and B2C full-service factoring as well as central settlement services. Its service portfolio includes full-service factoring with fast liquidity, 100% protection against bad debts, credit checks, online real-time reporting and professional debtor management, as well as inhouse factoring that allows clients to retain full control over their debtor management. BFS finance also offers outsourcing in finance and accounting and the design of national and international order-to-cash process solutions for high-growth e-business mass markets. Through its subsidiary BFS health finance GmbH, BFS finance specializes in billing and receivables purchasing for healthcare providers, including dentists, physicians, veterinarians and clinics. BFS health finance GmbH was created in 2004 through the acquisition of AKH Abrechnungskasse der Heilberufe und Ärzteservice GmbH, based in Hagen, and employs around 400 people at its Dortmund location. In 2015, the BFS finance group employed approximately 600 people and processed a receivables volume of EUR 3.8 billion in around 70 million transactions. BFS finance is a member of the German Factoring Association (Deutscher Factoring-Verband e.V.), the Verein für Credit Management e.V., the BVMW (Bundesverband mittelständische Wirtschaft) and the VATM (Verband der Anbieter von Telekommunikations- und Mehrwertdiensten e.V.). Its factoring cockpit SCOT serves as a 24/7 customer portal for real-time monitoring of receivables and payments.

The roots of BFS finance's business date back to 1961. The company itself was founded in 1999 as a Bertelsmann group company. It is a subsidiary of Bertelsmann and belongs to the group's arvato division. Headquartered in Verl near Gütersloh, it expanded with additional locations in Münster, Dortmund and Potsdam. In 2004, BFS finance acquired AKH Abrechnungskasse der Heilberufe und Ärzteservice GmbH, based in Hagen, and established BFS health finance GmbH. This subsidiary specializes in billing and receivables purchasing for healthcare providers such as dentists, physicians, veterinarians and clinics. BFS health finance employs around 400 people at its Dortmund location. By 2015, the BFS finance group employed approximately 600 people and processed a receivables volume of EUR 3.8 billion in around 70 million transactions. The company developed into a provider in the German factoring market and in B2B and B2C full-service factoring. It also offers central settlement services, outsourcing in finance and accounting, and national and international order-to-cash process solutions for high-growth e-business mass markets. BFS finance is a member of several industry associations, including the Deutscher Factoring-Verband e.V. (Berlin), Verein für Credit Management e.V., BVMW – Bundesverband mittelständische Wirtschaft, and VATM – Verband der Anbieter von Telekommunikations- und Mehrwertdiensten e.V.

• 2015

  BFS finance group employed approximately 600 people and processed EUR 3.8 billion in receivables volume across around 70 million transactions.

• 2004

  Acquisition of AKH Abrechnungskasse der Heilberufe und Ärzteservice GmbH and establishment of BFS health finance GmbH.

• 1999

  BFS finance GmbH founded as a Bertelsmann group company.

• 1961

  Business roots of BFS finance date back to this year.

Bank-independent financial services provider specializing in factoring and receivables management for businesses, positioned as a partner that accelerates cash flow, minimizes risk and enables growth.

• BFS Full-Service Factoring

  Fast liquidity, 100% protection against bad debts, credit checks, online real-time reporting and professional debtor management.

• BFS Inhouse Factoring

  Clients retain full control over their debtor management while BFS finance secures the receivables.

• SCOT factoring cockpit

  24/7 customer portal for real-time monitoring of receivables submissions and payments, with security standards, intuitive search and Excel download function.

• BFS health finance

  Subsidiary specializing in billing and receivables purchasing for healthcare providers including dentists, physicians, veterinarians and clinics.

1. 1Startseite - BFS finance GmbHbfs-finance.com
2. 2BFS finance - Wikipediade.wikipedia.org
3. 3BFS finance - Wikidatawikidata.org