World of Open Account (WOA) is the global Community of professionals and companies, engaged in open account receivables finance. WOA’s mission is to improve business skills and create new business opportunities for all community members and to increase the understanding and adoption of receivables finance.
WOA was initiated in 2018 by Erik Timmermans, globally recognized and awarded expert in Factoring & Receivables Finance. Together with a group of strategic advisors from the industry he launched the idea for the WOA community on the 1st of July 2018. In the second half of 2018 almost 20 founding member companies agreed to support the development of the new digital platform. WOA was officially launched on 10 December 2018 in London and is now scaling up to become the Home of Receivables Finance. During the start-up period WOA is hosted as a division of Erik Timmermans’ consulting company; in due course, a new legal entity will be set up to assure WOA’s development as a unique industry initiative. As from 9th September 2109, Erik is joined by long term colleague and well known industry expert in the Receivables Finance industry John Brehcist.
Most importantly, WOA is a Peer-to-Peer community where all participants can have their say, suggest new solutions, ideas or topics and participate in webinars and other business developing activities. WOA is governed by a Steering Panel, with support from a broad team of Advisors. Together, these groups comprise some of the best minds and most experienced people in the industry.