The Faktori core program functional architecture

Static data maintenance

  • Partner and agent data, financing contracts, contracts, agreements, fees, automatic fees, non-working days, exchange rates, interest
  • Handling of seller, refinancing, debtor and insurance limits, limit utilization and recalculation
  • Additional information on risk management (guarantee fund), warning checks
  • Factoring fee, interest marge, factoring fee + interest marge. Fee expenditures sharing between seller, debtor and partner factoring house.
  • Overdue monitoring(contract, limit, invoices)
  • Collection setup, 1st, 2nd and 3rd reminders and prepayment withdrawal. Reminder letters have a customizable template
  • Factoring types: Domestic recourse factoring, Domestic non recourse factoring, Domestic "For collection only", Domestic maturity factoring
  • Invoice services
    • Invoice input manual and electronic
    • Electronic invoice – Excel files – can be uploaded, the program will automatically read the containing data (scanned files are not supported)
    • Invoice approval – „4-eyes” inspection
    • Complete handling of Credit notes, Counter claims
    • Financing invoices (also automatically)
    • Prolong invoices – individual or invoice-groups
    • Transfer of one invoices from refinancing to own financing (and visa versa)
    • Closing expired, withdrew invoices.
    • Complete overview of every accepted invoice, their transactions, prepayments, payments, fees, disputes, interests, limit, etc.
    • Separate reports for accepted, open, closed, expired, not financed invoices, counter claims
    • Non-due interest report
    • Cumulated seller-debit report
  • Statistics, HFSA, HNB report, accounting
  • VIR
  • Multi-language, multi-currency
  • Automatic logging
  • History