Factoring is the process of availing funds through a third party with the help of accounts receivable (invoices). This process is mainly used by the small and medium enterprises to get paid in the short term. Factoring has grown stronger and more popular in the recent days as it considers invoice as an asset and does not involve the pledging of any real estate property.
We are working with the Factoring module for a Singapore based organization which is one of the leading factoring service organizations in the country. Our expert team of professionals has empowered the module with outstanding customization abilities.
Our Solutions in Factoring
- Credit note.
- Advance payment request.
- Cash application.
- Dispute notice.
- Settlement under guarantee process.
- Factor transaction.
- Rate revision.
- Incoming and outgoing messages.
- Overdue Analysis.