Our innovative working capital solutions software provides businesses with efficient cash flows and liquid funds management.
Every business, whether small or large, needs working capital to manage its day-to-day business operations. Invoice financing is one beneficial method that businesses adopt in this regard.
Invoice discounting is a system by which a business raises funds through advance sales bills prior to the payment’s due date. In this way, the business commits all or some of its invoices to a financier for early payment, and the financier, in turn, receives an agreed amount of fee.
Here our invoice discounting software Factority has revolutionized the conventional procedure of factoring or invoice discounting through competitive bidding. It is a reliable digital solution for a small business to have easy access to liquid assets and it keeps them focus on their business operations.
How Does Factority Work?
We provide an organized and trusted platform Factority to facilitate businesses particularly SMEs in obtaining trade receivable financing conveniently on competitive terms by the financiers. Moreover, the financiers also experience a more productive and compliant system to manage their clients and team.
With enough liquid assets at hand, a small setup can be expanded at an increased speed. Here are the 5 steps to boost confidence to do business using Factority.
1- Standardized Transactions Guarantee True Sales
The first step involving Factority is the standardized transactions ensuring true sales and this leads to enhanced clarity. Thus businesses feel confident and owners of small setups can grow their business.
Structured transactions improve credibility and trust. In addition to this, the procedure renders benefits to the balance sheet and regulates the risk involved. Further, it doesn’t affect the outstanding loans and the business can achieve minimized funding costs.
Additionally, a company has the choice to participate in the activity at the time of need.
2- More Liquid Funds at Disposal
The most significant factor in the success and working of SMEs is the availability of liquid assets. These guarantee the continuity of the business cycle as they are readily convertible into liquid cash for current transactions.
A business always needs a certain amount of cash reserve to use for operating expenses. Factority serves this purpose exquisitely by ensuring the provision of funds quickly while reducing the hassle of invoicing processes.
You can access working capital in a faster way and accelerate your cash cycles for business.
3- Minimized Risk of Bad Debts
Another risk that small businesses face is unmanageable bad debts. Bad debt is like an inauspicious cost of running a business on credit with customers since it always involves an inherent risk.
Using Factority renders the convenience of flexible contract arrangements and consequently, it minimizes the risk of bad debts. Moreover, small business management can focus on other more crucial factors rather than wasting time and energy chasing unpaid invoices.
4- Smart Funds Management
Single window operations enable the management to control and administer the funds effectively. Having easier access to funds boosts confidence and gives you a go-ahead to expand your business.
Moreover, it provides one platform for buyers, sellers, and financiers. Businesses can acquire access to funds within a short period of one to two days. It allows you to accelerate an aggressive growth strategy by fulfilling your financing needs. Above all, you are not required to give up any equity.
5- Efficiency in Payment Methods
The efficient payment methods introduced by Factority enhance the ease of doing business. It integrates payment channels to render swiftness and regularity to funds transfer procedures. This improves financial cycles for them.
When you have consistency in funds flow, you may take decisions confidently and it positively impacts the business. You don’t need to have substantial assets such as collateral. These assets comprise equipment, real estate, inventory, and so on.
Advantages for Buyers
Factority not only benefits the business but also has positive effects on buyers. The customers receive their orders on time. They experience better vendor relations and can raise funds time and again.
Advantages for Sellers
The sellers enjoy the benefits of regular cash flows, one-time induction, and quick funding of invoices, and simple and easy-to-follow procedures.
- Suppliers can operate without facing any irregular flow of their operational funds.
- Better receivables cycle which results in better relationship with customers.
- Onetime on-boarding and repeated fund raising from various financiers.
- Competitive bidding ensures lower financing cost without collateralizing any asset.
- Increased liquidity opens new horizons for business growth
Advantages for Financiers
Financers secure confidence through electronic transactions, auctioning, and central KYC processes. Financers achieve better reliability in the market and an enhanced customer base.
Financiers can keep track of their funded product in a seamless, reliable, and efficient way.
Why Choose Factority?
Flexibility: our system allows you to coordinate with other systems such as cash allocation, credit insurance, and risk tools.
Control: Factority offers users access rights control. Users can easily configure fees, interest rates, and access and upload files.
User Friendly: Renders clients easy-to-use invoice management tools on smartphones, tablets, and desktops.
Efficiency: Our system is aimed at providing maximum efficiency and minimum operating costs
Reliability: You can rely on Factority without fearing for any business loss.
Receptiveness: Our software system encompasses all that you need to establish your invoice discounting set up.
Support: Our team of experts ensures comprehensive support and training.
Growing and expanding your business while managing your liquid assets and trade receivables is not an easy task. But it has been simplified by Factority that takes care of this tricky aspect of your business and lets you pull off your business goals.
Factority is the state-of-the-art platform that authorizes businesses to sell their selected invoices for payment without any delay, even without customers’ involvement. As a result, companies have access to additional cash flow while dealing with multiple customers.
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