FISCUS Factoring System is a financial transaction in which a business sells its accounts receivable (invoices or outstanding customer bills) to a third party, known as a "factor." The factor, often a specialized financial institution or a factoring company, buys the receivables at a discount, providing immediate cash to the selling business. The factor then assumes the responsibility of collecting payments from the customers who owe the receivables
Factoring is one of the integrated modules offered by FISCUS, empowering businesses to manage their receivables effectively and optimize their financial operations. Our company delivers a comprehensive Factoring solution, combining efficiency and integration seamlessly. We provide ready-to-use Factoring services, allowing businesses to access immediate funds, and offer customized Factoring development services tailored to the unique needs of each client.
FISCUS Factoring system offers several advantages as an effective financial solution for businesses. Here are some key advantages of the factoring system:
Track and categorize expenses efficiently, allowing for better control and analysis of expenditure.
Recourse or non-recourse factoring. Full factoring or invoice financing. Factoring receivables or debtor financing.
A user can be assigned to one or more groups such as Branch and any hierarchy in company
Comprehensive reporting features to monitor key performance indicators (KPIs) and analyze loan portfolio performance.
