Universal Funding’s Account Manager, Crystal Tupling, recently achieved the Certified Factoring Account Executive designation administered by the International Factoring Association. The CFAE is the only certification of its kind that lauds those in the factoring industry who adhere to the highest level of industry competence. Ms. Tupling is Universal Funding’s second team member to sit for and pass the exam. One of Universal’s principals, Monica Wozow, earned the status in the spring of 2013 when the CFAE first became available.
What this designation means for Universal Funding clients is that the team members who are managing their accounts have been tested at the highest level and are managing accounts according to best practices outlined by the industry’s association. It shows dedication to providing their clients with the best service from the most knowledgeable people in the industry.
Factoring companies, banks and other commercial lending institutions that provide receivables based financing solutions can have their Account Managers and Executives sit for the exam in order to effectively test their knowledge base involving:
- invoice verification methods
- collateral analysis
- client compliance methodology
- account debtor risk assessment
- and other elements in portfolio management
This spring marked the 1 year mark of the CFAE program, administered by the IFA. As of April, the pass rate was 73% and there were only 30 people in the industry with the certification.
Passing the CFAE exam indicates that you are one of the elite among factoring professionals, and this factoring company is proud to have two team members with these credentials. Universal Funding was an early adopter of the IFA’s certification because our clients reap the benefits of working with experts.