busines growth
We provide a comprehensive affordable IT outsourcing solution for Factors who need a world class Factoring system but do not wish to run the IT operations themselves. In partnership with industry leading providers, we have built a total factoring solution that is functional, flexible, scalable and secure.
How does it work?
Following customisation, migration and implementation, Factors and their clients can log on over secure Internet links and access their data in the same way as if they were running a factoring system in house. However Factors do not need to purchase, install and maintain any expensive IT infrastructure components or employ IT support personnel to operate and manage the complex environment. Furthermore using the FIM Business Solutions Factoring ASP solution means that Factors do not have to worry about upgrading hardware and ancillary software licenses as the business grows; all these extras are managed by FIM Business Solutions and included in a simple rental payment based on usage.
What are the benefits?
- A Proven domestic and cross border factoring solution
- Functional and technical experts at your call
- 24x7x365 availability
- Full disaster recovery facility
- IT system costs linked to the growth of the business
- Extremely fast time to market
What are the features of the Factoring system?
- Domestic and Cross-border Receivable Management / Factoring
- Multi-currency and multi-lingual support
- Recourse / Non-recourse Factoring
- Purchase (Reverse) Factoring
- Risk Management module
- Support for the FCI Two Factor System and an EDIFACToring interface
- Internal transaction accounting & gateway to external General Ledger system
- Invoice and debtor uploads
- Post dated cheque module
- Collection diary (Client & Debtor)
- Checklist control – tool to enforce compliance to organisational procedures
- Web access for clients
- Alerts & Reminders – for key events and exceptions
- Report flexibility
- Flexible password policy implementation and Role-based access control
- Audit trail capability
What do you need? All you need to access the FIM Business Solutions Factoring ASP service is an Internet Browser and a good connection to the internet. FIM Business Solutions will provide a live operational system, as well as training and testing environments.