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GE Facto (which also does business as GE Factofrance or Société Factofrance) keeps businesses from having to factor in the time it takes customers to pay bills. Companies can avoid the typical 30- to 90-day billing cycle by selling their invoices to Factofrance, which then collects the money. Factofrance also provides accounts receivable management and debt recovery. Subsidiaries include Cofacrédit and Factobail, which handle export and IT financing, respectively. Part of GE, Factofrance was formed by the 2002 merger of GE Capital Finance and Heller Financial. (The latter...
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