It is the financial institution that takes on the task of collection. For this to happen, it will be necessary to provide the following information for each client company: contact information, national ID number and the total amount of the outstanding bills to be transferred to the factor. After signing the factoring agreement, the entrepreneur shall deliver to the factor a copy of the invoice, stating the schedule of payments granted to the client. He is responsible for getting paid directly by the client at maturity and takes care of any arrears.