Factoring (receivable based financing)

The module provides all necessary functionality for factoring operations, such as:

• Maintaining a common registry of debtors, factoring contracts and supplementary agreements;
• Control of applicable limits;
• Reflecting factoring operations in the accounting;
• Calculation of fees for factoring services.

The module also provides operation with regular and actual payments, automatic calculation of payment amounts, interest and commission, as well as a possibility of workflow routing and automatic checks and actions performed during the document flow. The module maintains factoring contracts with a regression right which combines elements of a loan contract and cessions as a specific way of providing loan repayment.