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Financial management of Togolese companies: new measures announced by BAO Togo

06/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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With the aim of optimizing the financial management of Togolese companies, Bank of Africa Togo (BOA-TOGO) announces new solutions. These are two new products that it is putting on the market.

“Avance sur Invoice” and “Avance sur Stock” are the two new products that BOA-TOGO has put on the Togolese market. They are products designed specifically to meet the cash flow needs of businesses and help them thrive in a demanding economic environment. “L'Avance sur Invoice” is a short-term credit product of one year, renewable. According to information from the BOA-TOGO Marketing and Communication Department, “it is specially designed for MID customers (Medium and Large Businesses). This advance is granted on the basis of final invoices, without reservations, attesting to claims against third party debtors. These claims arise from commercial transactions or the provision of services whose validity is indisputable

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