The factoring module takes full advantage of the flexible payment handling of the View21 suite of products. It is developed to offer the factor a highly automated processing of payment transactions, well suited to handle high volumes.

The creditor benefits include easy and flexible access to funding and a better control of the account receivables. The debtor can be offered flexible pricing structures with variants of fees, cuts and interest charges.

Advantages

Adding factoring to your portfolio gives the following main advantages:

• Increase customer service level and widen product offering
• Achieve a stronger partner tie
• Being a one stop shop for finance products
• Improve bottom line by utilizing existing system infrastructure

Functional features

The solution is designed to support high volumes with a minimal administrative load. This is achieved through automatic transaction flows and support for electronic import of creditor invoices.

The creditor gets access to self-service functions through web applications giving interactive control including transaction handling, funding status, funds disposal and extract of reports.