Banking Information Systems
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BISQUIT Integrated Banking System

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.