Invoice finance is a common cause of poor cash flow in businesses that result in them applying to financial institutions for assistance. As a result, businesses expect factoring to be smooth and efficient. For financial institutions offering factoring services, reliable software solutions are vital. Our time-tested software system allows you to successfully provide high quality factoring services to your clients.
Factoring is a service provided by a financial institution, namely a bank or factoring company to a business. The factoring company will facilitate the payment of working capital and accounts receivable to a third party in order to provide a business with immediate cash. This is common practice for businesses who are dealing with cash flow problems or a large number of late invoices.
CREDITONLINE factoring software is based on a reliable loan business management system, recognised by the financial sector professionals. Here are just some of the benefits that come with using CREDITONLINE’s factoring system:
Our factoring system has many features to streamline the factoring process for both you and your customers, here are just a few:
These features and benefits are why CREDITONLINE’s factoring system guarantees smooth and efficient business financing for banks, factoring companies and other financial institutions. If you would like to find out more about our factoring solutions, then please book a free demo or contact our team.