What is commercial factoring and what is the difference between it and financial leasing?

Commercial factoring generally involves sellers, buyers and commercial factoring companies. The buyer and the seller are sales contracts, and the seller and the commercial factoring company are factoring contracts.

Financial leasing business generally involves sellers, financial leasing companies (buyers) and lessees. The seller and the financial leasing company are sales contracts, and the financial leasing company and the lessee are financial leasing contracts.

As a financial technology solution provider of Hang Seng Electronics' strategic investment, Rongdu Technology aims at factoring business and factoring business system solution developed by internal control process, and combines the three management sections of website client, financial management and external system docking to realize the informationization and intelligent management of factoring business. At the same time, Rongdu Technology's financial leasing business management system also provides systematic solutions for financial leasing institutions to help them carry out financial leasing business more efficiently.

Commercial factoring system solutions:

Financial leasing system solutions: