Manage financial transactions and types of debtor finance, quickly and easily
Manage financial transactions and types of debtor finance, quickly and easily
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.
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.
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