Factoring origination system provides omnichannel online registration. A supplier can submit invoices online, set up reports on the commissions and funding received, securely store electronic documents in a personal account.
A factor can automatically build scoring models based on historical data and make data-driven decisions. End-to-end factoring process coverage: from supplier onboarding, loan origination and decision making, disbursement and calculation to the loan closure.
Under open factoring, a debtor may confirm the actuality of the deal by invoice verification. A debtor can be granted limited access to the list of invoices provided to a factor by a supplier.
Digital factoring platform
White-label factoring solution. Omnichannel KYB verification. A supplier can start registration from one device, and proceed from another anytime later. Quick access to the info on the state of receivables, opportunity to add invoices on the go and more.
Sign documents electronically
Securely store and share financial information with a simple and paperless interface. An electronic signature based on powerful integrations is included in the basic package of factoring finance software. Enable fully digital e-signature and approval workflows for both your factoring business team and the borrower.
Invoice factoring origination system
Automated factoring invoice underwriting
Make immediate data-driven decisions. The factoring software solution includes AI scoring system to reveal potentially profitable deals based on historical business data. Avoid biases and human mistakes with automated borrower inquiry scoring, invoice estimation & debtor underwriting.
Business factoring system for all-round control
Automation of all the processes and calculations
Track disbursements and payments in real time. Evaluate the quality of your credit portfolio. Hands-off management over the factoring deal. HES factoring software systems automatically calculate late fees, allocated and outstanding assets.
Intuitive interface of a dashboard with lists of tasks assigned to users according to their roles simplifies the workflow management and efficiency tracking.
AI/ML scoring software for factoring
Use GiniMachine AI module to assess discipline and credit limits. Estimate payout terms and recovery changes at ease with the smart factoring solution.
HES FinTech uses updated tech stack, including Java 17, Spring Core, PostgreSQL. The factoring software architecture is based on FOSS technologies. No additional licensing fees – you pay for the platform’s source code only.
How can I integrate HES’ factoring software with my existing system?
HES Core is a highly customizable modular platform that can seamlessly integrate with your current CRM or legacy lending system. Our team of technical experts ensures a smooth transition of databases and effortless integration, taking care of the entire process for you.
How does your software handle invoice verification and payment processing?
With the implementation of advanced KYB (Know Your Business) technology and optimized document workflow, all incoming invoices undergo thorough checks upon submission. Furthermore, our factoring system offers a wide selection of over 100 APIs for seamless integration, empowering you to handle payment processing from start to finish.
How secure is HES FinTech’s factoring software?
Security is the cornerstone of our factoring software’s design philosophy. We take pride in holding an ISO 27001 certification, which serves as a testament to our commitment to adhering to rigorous global security standards. To protect your business from potential breaches and mitigate the risk of money laundering, we leverage cutting-edge technologies, implement robust Know Your Customer procedures, and employ secure cloud data storage. By integrating these advanced measures, our software offers you the assurance you need to confidently uphold your company’s compliance and safeguard its reputation.
What level of customer support can I expect?
We place utmost importance on ensuring our clients’ satisfaction by providing lifetime customer support. HES FinTech fully dedicated to offering continuous assistance and promptly addressing any inquiries or concerns related to our products. Our commitment is unwavering as we strive to help our clients unlock the full potential of our software and achieve their business objectives with success.