Based on financial accounting platform with built-in factoring accounting functionality. Even if you use other accounting software the integration between the 2 systems will be easy, less costly, and fast.
All-in-one solution
Instant start
Start using the software after 2 weeks with the features you really need.
Flexible
Can be developed and adjusted if needed – grow at your own pace. Available on-premises or as a monthly subscription in the cloud.
Intuitive interface
Microsoft family member, with Office look and feel. Secure Microsoft launch methodologies, working according to Microsoft’s best practices. Certified for Microsoft Dynamics 365 Business Central.
What can you do with SOFT4Factoring
General ledger integration
The Solution has full integration with a Factor financial accounting system and General Ledger module.
Automated document management
Create, store and distribute documents throughout the factoring process. Produce factoring documents automatically, configure document templates and map to data in the System.
Debt management
Monitor delinquent accounts, take actions, and log them in the system (e.g. call the customer, log promise to pay, follow-up call if a promise is broken).
Multicurrency support
Finance your client invoices in various currencies. Calculate the exchange rate associated with the date on the transaction for each conversion of a currency amount to a local amount. Save historical exchange rates in the exchange rate table to keep track of fluctuations over a time period.
Master Factoring agreements
Manage Factoring Agreements throughout the whole lifecycle: attach factoring product, create and approve factoring contracts; upload legal documents to a factoring agreement.
Automated calculation
Calculate interest on the debt balance and recalculate interest in case of partial early repayment of debt. Benefit from automation function for calculating overdue penalties, as well as allocated, outstanding, and released reserve amounts.
Even more great features. Check them out:
Factoring Types
Select your Domestic Factoring type to find out how SOFT4Factoring can simplify your business
Recourse factoring
Manage your recourse factoring business – agreements where a company sells its current invoices to you with the understanding that the company will buy them back if they go uncollected. Save your team’s time with automated calculation, accrual, and invoicing of interest and commission, do easy tracking and reporting, overview all valid Factoring Agreements at a single click.
Non-recourse factoring (Full factoring)
Manage your non-recourse factoring business, allowing a company to sell its invoices to you without the obligation of absorbing any unpaid invoices. Save your team’s time with automated calculation, enjoy collections worksheet functionality for debt management, overview all open Invoices in a single page.
Reverse factoring (Supply Chain Financing)
Manage your reverse factoring business, allowing a company to simplify reverse factoring operations. With SOFT4Factoring you can pay your clients’ invoices to suppliers at an accelerated rate in exchange for a discount. Simple and adaptable, SOFT4Factoring software is for small and medium-size lenders to support a wide range of working capital facilities, including back-office control, and client onboarding and control.
Loan factoring (Line-of-credit)
With SOFT4Factoring you can handle loans and open credit lines for your clients next to factoring services. Our system guarantees smooth and efficient business financing for banks, factoring companies, and other financial institutions.
Have an inquiry? Leave your question below and we will get back to you as soon as possible
We earned our clients trust
After implementing SOFT4Factoring & SOFT4Leasing, Tirana Factoring and Lease (TFL)
Saves 4 hours per day
with interest calculation and automated billing
Improved
their operations‘ monitoring process
Interest calculations
are done with just one click
Manage both factoring&leasing in one software
and do not experience any more data loss or inconsistencies
The new software has facilitated many usable works processes we do every day! The team was excited to have Microsoft technology-based solution which had both leasing and factoring in one platform.
Executive Director at Tirana Factoring and Lease, Albania
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