Factoring

What is Factoring?

PTI's FinShare Factoring Solution provides banks and financial institutions the ability to capture, manage, and process various advances utilized in the factoring business. PTI's solution is a user-friendly product that automates and integrates the required business functions that enable factoring organizations to provide the solutions their customers demand. Our solution ensures compliance and provides the means to qualifying clients, rating account debtors, account maintenance, and collection and invoice tracking.

FinShare automates all of the factoring services and reporting needs through alerts, reminders, and email. PTI recognizes that banks, financial institutions, and factoring companies deal with different types of businesses even within their own sector. Our software is designed to meet all types of business needs.

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Benefits of the FinShare Solution

  • Invoice factoring software features.

  • General ledger entries for double entry accounting.

  • Provides discount percentages for transactions.

  • Purchase schedules of invoices.

  • Account debtor payments.

  • Automated Advance Upload Capability.

  • Automated Receivables valuations.

  • Reserve rebates and negative reserve rebates.

  • Standard, ad-hoc, and custom reports.

  • Risk Management.

Ready to join the FinShare solution?