As a leasing company, you have specific requirements for credit risk management. We also offer you customised functions in our leasing system software and digitise your entire leasing application and approval process. In today’s increasingly dynamic business environment, there are a plethora of financial tools available to businesses to create financial flexibility.

You can revoke your consent at any time for the future by e-mail [email protected]. The Queen’s Awards for Enterprise are the most prestigious awards for UK businesses, designed to recognise and encourage outstanding achievements. HPD won the International Trade category in recognition of the company’s outstanding overseas growth. Mobile app is rolled out, enabling borrowers to access their accounts on the move. The company hits 100 employees, with staff based in the UK, Australia and the US. FactorCloud is streamlined and intuitive, and extremely easy to learn and use.

Streamline your https://bookkeeping-reviews.com/ process with an automated business process. Create service orders related to leased asset, order services, items from 3rd party suppliers, keep track of actual service cost and price, invoice services to customer, review and schedule Work Orders. Sign lease agreements/credit contracts and other related documents (direct debit mandate, etc.) electronically. The functionality allows for multiple signer (borrower, co-borrower, guarantors, lessor). In addition, you can only meet increasing demand for factoring services if you can scale your offering – manual processes are no longer cost-effective as inquiries increase.

Our platform has been developed by the same software engineer since 1995, giving our users a unique, seamless system that does not require expensive and clumsy third party apps. Enter your email below to stay up to date on all new integrations and features we add to FactorCloud. Fill out the form below to get immediate, free access to this Industry Feature. See how your factoring peers are surviving – and thriving – during the challenges of 2020. The system supports two methods of forex rates – closing rate or historical rate. Financing currency is bound to Financial product, for example “Finance leases in EUR”, “Finance leases in USD”.

Financial Solutions

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.

• One software to help your team increase revenue, reduce costs, and save time.
• Across supply chain finance, invoice finance, factoring, asset finance and more, our comprehensive, flexible platform gives you the power and agility to stay ahead of the curve.
• In WinFactor users speed from invoice entry, to credit verification and purchasing, to funding, billing, receipts and collections and never leave the platform.
• Image Processing WinFactor digitally processes invoice documents, stamps and attaches the Factor’s invoice and NOA, and sends it off to billing.
• Over 130 banks and finance providers worldwide trust our progressive lending technology to help them optimise performance, reduce risk and deliver an excellent customer experience.

Spend less time managing your software, and more time managing your business. FactorFox Nimbus was built to integrate with other apps and services you use every day. Find tools that you already use or discover new ways to improve your business. Factor A/E has been thoughtfully designed to address the issues that matter most to architecture and engineering firms. An invoice is uploaded onto ABHI’ system and validated before a credit line is provided to a customer.

The built-in platform features enable to export every single internal report or view to Excel, Word or PDF. With access to 45+ software developers, our system is agile and configurable to adapt and innovate based on customer feedback. “In a crowded field of practice management solutions, Factor AE stood out from the crowd in its simplified A/E industry focus.” 2020 is the year that has wrought a global pandemic and an economic recession, among other issues. And these challenges are in addition to the difficulties that factoring companies are used to facing, day in and day out. Have master records of equipment dealers, finance brokers, i.e. parties who introduce new lease applications.

Open invoice management

The team was excited to have Microsoft technology-based solution which had both leasing and factoring in one platform. 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.

Collections pipeline tool guides your 16 examples of negotiation strategy to collect payments faster. Mistakes with automated borrower inquiry scoring, invoice estimation & debtor underwriting. Our greatest strength is the continuity and support provided by the same development team bringing the best software to some of the country’s largest factors, since 1995. Image Processing WinFactor digitally processes invoice documents, stamps and attaches the Factor’s invoice and NOA, and sends it off to billing. Step 2  Our team works with you as you run FactorCloud in tandem with your current system.Step 3  We import your data and minimize noisy disruptions.

How our factoring system can help you and your clients run a business effectively?

It’s an optimized solution for linking signed documents and other steps in the process. Want to integrate factoring software into work with your systems and apps? Let’s get started and explore how our solutions can work for your needs.

Enable your equipment dealers to introduce deals via Web Portal. Dealer can make quotes for lease customer, fill in credit/lease applications on-line and submit to finance company for approval. The factoring software CAM Financial Services supports your receivables management effectively. Today’s customers expect to be able to place applications easily and online and to receive quick and comprehensible decisions. This puts a lot of pressure on factoring providers, which can be exacerbated by low margins.

As a factor, you face the challenge of meeting the increasing expectations of customers in terms of smart application and fast feedback. Release of iFactor, the first packaged solution for receivables finance. Estimate payout terms and recovery changes at ease with the smart factoring solution. The other point is that they have been prompt and professional. The Solution has full integration with a Factor financial accounting system and General Ledger module.

Chat with a Product Specialist who understands the A/E industry. PowerGST e-Invoicing Software Comprehensive e-Invoicing solution that is compatible with every ERP systems Generate e-Invoice and receive QR code & IRN number instantly. And from a regulatory point of view, you also need to know the structures and shareholdings. CAM Financial Services automatically determines the beneficial owners and creates risk groups . With CAM Financial Services, the evaluation of the entire data stock is possible via a wide selection of existing standard reports as well as via individual analysis options. I agree that my details and data will be collected and stored electronically to answer my request.

It reduces cost for the business , and it eliminates some administrative task that we used to do. Overall happy with the responsiveness, customer oriented mentality and professional level of everybody we have been in touch with. I was very impressed by consultant Kestutis’s analytical skills, the capability to simplify complex problems, understand immediately our specific needs and translate it to a software solution. It was a real pleasure to work with such a skilled and clever person.

To reveal potentially profitable deals based on historical business data. Of receivables, opportunity to add invoices on the go and more. Loan origination and decision making, disbursement and calculation to the loan closure. Optimize the full power of WinFactor’s features to scale your business while controlling payroll costs. Our Portal supports manual and spreadsheet invoice submission and bulk upload of supporting docs and photos. Our Portal uses WinFactor’s proprietary CreditMax to provide Buy/No Buy guidelines to inform your Clients’ 24/7 hauling decisions.

Create, store and distribute documents throughout the factoring process. Produce factoring documents automatically, configure document templates and map to data in the System. Facilitate secure and efficient document signing and streamline it with your overall factoring processes when you take advantage of our integration options.