mFactor brings automation to each step of the traditional factoring processes, thus significantly reducing the need of off-line/in branch interactions between Factor -Seller – Buyer. All processes related to:<br /> 1) Client Onboarding<br /> 2) Assignment & financing of invoices<br /> 3) Payments & Settlement<br /> 4) Maintenance of contract, document exchange, reporting are managed in an intuitive and interactive way.
Paper documents that need to be filled-in and submitted physically/by e-mails/web-portals for each assignment and financing of invoice/s are completely eliminated thanks to automated document generation and e-signing.<br /> Same goes for the need of manual data input of received paper documents in the factoring core-system by the Factor operators.
The time from sending the invoice to the Factor till its financing, as well as buyer payments and invoice reconciliation take couple of minutes instead of hours or – in some cases – even days.