With more than 20 years of experience in the financial sector, “Faktoro” provided financial assistance to hundreds of Lithuanian companies, helped them to keep going and grow further. “Faktoro” provides financing services that are essential to achieve business goals and provides advice on how to manage business effectively and to plan financial flows.
“Faktoro” chose SOFT4Factoring solution for management of its business process. Algirdas Gutauskas, Director of “Faktoro”, answers questions about such choice and the reasons for it.
1. What were your main criteria in choosing a factoring system and why did you choose SOFT4Factoring?
In my previous workplace, I used to work with the SOFT4 team – Egidijus, Kęstutis. Such positive experience influenced the choice.
2. What business performance indicators have been improved by SOFT4Factoring?
The process of drawing up contracts and calculating financing fees has accelerated greatly, especially for more complex contracts with delays. Also, the accuracy of the calculations is ensured due to the use of Microsoft Dynamics (the platform on which SOFT4Factoring solution is created). We avoid earlier errors of calculation of interest due to, for example, incorrect advance payment date, VAT rate, outdated interest data, or technical copying errors.
3. How do you rate your work with SOFT4 team?
We appreciate our work with SOFT4. We are very pleased with the lasting value of SOFT4Factoring product. When a consultation is necessary, it is recorded, which prevents repeating questions and allows smooth training of all members of our team, especially if a problem is recurring. In addition, we were issued a custom guide tailored to our system.