FIM Business Solutions is a Value Added Reseller for Kastle Factoring developed by 3i Infotech Ltd.

KASTLE Factoring enables institutions engaged in factoring and receivables finance business to help their clients enhance the velocity of their investment by unlocking the potential in open account trade receivables. The solution focuses on critical business issues like flexible product offerings, effective risk management, increased business volumes, rapid transaction turnaround and straight-through processing. The advanced Web-based architecture helps factoring organizations collaborate with clients and partners in an extended enterprise model for overall process efficiency and effective resource utilization.

The comprehensive, modular end-to-end application provides a complete solution for the entire range of factoring business process requirements.

KASTLE Factoring facilitates setting up of client accounts, upload and validation of invoices, calculation of availability, fees and charges, taxes and duties, disbursement of funds, receipt of cash and allocation against invoices, accrual of interest, VAT, generation of accounting entries and reports for management and operational usage.

KASTLE Factoring supports both Import and Export factoring protocols within the FCI framework by generating outgoing and providing processing capabilities for incoming operational edifactoring.com messages.

It also facilitates credit insurance related processes including recording of policies, allocating limits to debtors under the policy, premium computation and related reporting and statements.

Powerful risk management is facilitated throughout the business through client risk scoring, limits management, access controls, maker-checker methodology and compliance to business terms and conditions, and checklists.

The highly parameterized and flexible application with user definable business rules helps roll out new products and service variants in line with business requirements.

Features of the Factoring system