What can you do with SOFT4Factoring

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.

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).

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.

Overview all open invoices in a single page. Invoices are run through a validation process to ensure they meet all acceptance and contract criteria for the client.