Reverse factoring (Supply Chain Financing)
Support wide range of working capital facilities
including back office control, and client onboarding and control
Simple and highly adaptable
to integrate with various bank transfer formats
Manage your business efficiently
with functions such as legal document management and customer statements
Save money
by automating fund disbursement
Configure
fees, interest rates and user permissions
Price you can afford
SOFT4Factoring include everything you need to start your business; at a price you can afford
What can you do with SOFT4Factoring
Manage reverse factoring business, allowing a company to simplify reverse factoring operations
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.
Talk to our expert about your factoring software needs
