SOFT4Factoring supports: recourse factoring, non-recourse factoring (Full factoring), reverse factoring (Supply Chain Financing) and loan factoring (Line-of-credit)
FAQ
Which countries do you implement the software and support in?
Thanks to our partner network, we implement and support SOFT4Factoring globally. If we do not have a partner in your country, we will find one – worldwide, there are more than 3500 partners for Microsoft Dynamics 365 Business Central (former Dynamics NAV), so we will definitely find one in your country, too. See SOFT4 Partner list to find one in your country.
Is SOFT4Factoring integrated with accounting and finance management? If so, how do you assure compliance with local accounting rules?
Yes, SOFT4Factoring is an all-in-one solution, based on financial accounting platform with built-in factoring accounting funcionality.
Thanks to Microsoft Dynamics 365 Business Central (former Dynamics NAV) – the platform on which the SOFT4Factoring solution is built, SOFT4Factoring is seamlessly combined with the accounting system. Microsoft Dynamics 365 Business Central (former Dynamics NAV) Finance Management module, as well as the entire system, is localized for almost every country in the world, therefore you can also use SOFT4Factoring in any country.
I already have accounting software. Can you integrate SOFT4Factoring with the accounting and finance management software I already use?
Yes, we can integrate SOFT4Factoring with the accounting software you already use. The integration between the 2 systems will be easy, less costly, and fast.
Is SOFT4Factoring an out-of-the box factoring software, or can you modify it to meet our specific needs?
The way you do business is your biggest competitive advantage. We can adjust SOFT4Factoring easily to your business processes, also SOFT4Factoring can be developed and adjusted if needed – so that you can grow at your own pace.
Is SOFT4Factoring available only as an on-premises solution? Do you also offer a cloud-based factoring software on a subscription basis?
SOFT4Factoring is available both on-premises and in the cloud, used with a purchased-in-advance license or subscription-based. If you choose the subscription model, you pay a monthly fee for the SOFT4Factoring licenses. You can use either Windows client or Web client independently of whether you choose SOFT4Factoring asset-based finance software as an on-premises or cloud-based solution.
If I choose a cloud option, where will my SOFT4Factoring software be hosted?
Your factoring solution will be hosted either on the cloud infrastructure of one of the certified Microsoft cloud infrastructure service providers near you, or on Microsoft Azure.
Do you have a customer portal/website for application submission in SOFT4Factoring?
Yes, it will be available in 2021. Please e-mail us at ask4soft@soft4.eu for more details.