by automating the onboarding process (registration, credit limit application, and approval flow), interest calculation, and invoicing to customers.
Manage customer inquiries faster with easily accessible customer data in one place
with convenient data tracking and reporting
SOFT4Factoring includes everything you need to start your business, at a price you can afford
With SOFT4Factoring you can handle loans and open credit lines for your clients next to factoring services
The Solution has full integration with a Factor financial accounting system and General Ledger module.
Create, store and distribute documents throughout the factoring process. Produce factoring documents automatically, configure document templates and map to data in the System.
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.
Manage Factoring Agreements throughout the whole lifecycle: attach factoring product, create, and approve factoring credit limits and agreements; upload legal documents to a factoring agreement.
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.
Easily drill down to G/L transactions for every calculated and posted figure in the system. The built-in platform features enable to export every single internal report and many views to Excel.
Select your Domestic Factoring type to find out how SOFT4Factoring can simplify your business
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.
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.
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.
After implementing SOFT4Factoring & SOFT4Leasing, Tirana Factoring and Lease (TFL)
with interest calculation and automated billing
their operations‘ monitoring process
are done with just one click
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.