I-FACTOR
I-Factor is a comprehensive business system for factors and invoice discounters,
used in over 150 locations and more than 50 countries by clients who include
some of the biggest names in the business. But the software is also a
flexible, modular and scaleable product that is used by small start-ups
as well as big names. It is a highly parameterised piece of software that
allows each client to configure it to suit their individual business needs.
DIVERSE PRODUCT SUPPORT
I-Factor supports the accounting, transaction processing and reporting
for any factoring or invoice-discounting business.
It supports full factoring with or without recourse; maturity or ‘pay-as-paid’
business; two-factor import and export business as carried out within
the International Factors Group and Factors Chain International groups;
and both confidential and disclosed bulk-invoice discounting.
It also supports detailed, confidential invoice discounting by electronically
importing detailed transactions and maintenance of ‘shadow sales
ledgers’. Although most of these products are assumed to be based
on ‘full ledger’ discounting facilities and the maintenance
of a consolidated client account, it is also possible to finance individual
single invoices and maintain detailed positions for each transaction.
NON-FINANCE
BUSINESS TOO
I-Factor can also provide solutions to non-finance companies – as
a credit control and collections system by companies operating a commercial
debt-collection service, for example.
FLEXIBLE CHARGING
I-Factor calculates financial charges based on daily interest rates
charged at the end of a user-defined period, and also allows for the charging
of up-front finance fees for a pre-paid, fixed period. A wide variety
of service charges can also be raised by the system and charged either
immediately or at the end of the accounting period.
PLUS SO MUCH MORE...
Through the optional ‘client manager’ and ‘risk manager’
modules, I-Factor offers even more services to enhance your business.
See how our add-ons can help you.
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