Manage financial transactions and types of debtor finance, quickly and easily with recourse factoring software
Recourse factoring
Save your team’s time
with automated calculation, accrual, and invoicing of interest and commission
Reduce risk
enjoy collections worksheet functionality for debt management
Increase operational efficiency
and reduce re-work with automated documents generation
Manage client’s
sales ledger and collections
Save time and money
by automating client invoicing to save four hours per day
Improve your customer service
Manage customer inquiries faster with easily accessible customer data in one place
Digitalize your business
Create, store, and distribute documents easily and efficiently within the software
In order to streamline and competently manage factoring financing operations, you need professional and dedicated recourse factoring software. SOFT4Factoring is just the solution for you. With numerous state-of-the-art and intuitive features as well as plenty of success stories from current users, SOFT4Factoring is a great choice if you wish to simplify and optimize recourse factoring management right now.
More often than not, recourse factoring is a very demanding task on the provider’s end. It requires a lot of legal documents as well as leaves a long paper trail which needs to be monitored. Tracking every single status change, preparing contracts, noting changes and logging verbal agreements is quite the challenge. Factoring software is aimed at simplifying those challenges and making every related process that much simpler.
SOFT4Factoring recourse factoring software can do a whole lot for your business. Beginning with the monitoring of factoring-related financial transactions to complete control over document management, this tool suits the needs of smaller, mid-sized or larger commercial enterprises.
This particular software is developed on top of the Microsoft Dynamics 365 Business Central (Navision) base which means that it’s going to have that familiar and user-friendly interface we’re accustomed to seeing from other Microsoft business apps like Excel, Word, etc.
SOFT4Factoring is available for live demo or trial, so just get in touch if you wish to get to know more!
What can you do with SOFT4Factoring
Manage financial transactions and types of debtor finance, quickly and easily with recourse factoring
General ledger integration
The Solution has full integration with a Factor financial accounting system and General Ledger module.
Automated document management
Create, store and distribute documents throughout the factoring process. Produce factoring documents automatically, configure document templates and map to data in the System.
Debt management
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).
Multicurrency support
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.
Master Factoring agreements
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.
Automated calculation
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.
Data tracking and reporting
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.
Open invoice management
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.
No stress and inspiring results. Start achieving results today!
Factoring Types
Select your Domestic Factoring type to find out how SOFT4Factoring can simplify your business
Recourse factoring
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.
Non-recourse factoring (Full factoring)
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.
Reverse factoring (Supply Chain Financing)
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.
Loan factoring (Line-of-credit)
With SOFT4Factoring you can handle loans and open credit lines for your clients next to factoring services. Our system guarantees smooth and efficient business financing for banks, factoring companies, and other financial institutions.
Even more great features. Check them out:
We earned our clients trust
After implementing SOFT4Factoring & SOFT4Leasing, Tirana Factoring and Lease (TFL)
Saves 4 hours per day
with interest calculation and automated billing
Improved
their operations‘ monitoring process
Interest calculations
are done with just one click
Manage both factoring&leasing in one software
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.
Executive Director at Tirana Factoring and Lease, Albania
Talk to our expert about your factoring software needs
