Premium Technology Inc. - Supply Chain Finance Software Solutions
 
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SOLUTIONS

FinShare Overview     |     Bank Payment Obligation (BPO)     |     Supplier Finance (Reverse Factoring)     |     Receivables Finance     |     Factoring     |
 
Purchase Order Financing     |     Asset Based Lending (ABL)     |     Risk Participation     |     Document Preparation (DocPrep)     |     Customer Onboarding (COB)
 

 
Premium's FinShare Factoring Solution provides banks and financial institutions with the ability to capture, manage and process the various advances utilized in the factoring business. Premium'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. 

FinShare Factoring Solution software is a web enabled application.  It not only provides banks, financial institutions, and factoring companies all of the necessary information for them and their clients to keep track of their own business; it allows your company to offer your customers an automated upload of advance information as well as the ability to view transaction status.  Also our software provides businesses with the ability to analyze their own needs and requirements.  This is done by creating a snapshot that provides a summary of the financing terms of each transaction, which allows the financial institution and their clients to see all the costs involved with a particular transaction.  Thus, all parties will know all the actual or potential advantages or disadvantages before making a final financial decision.

Our solution ensures compliance and provides the means to qualifying clients, rating account debtors and account maintenance, and collection and invoice tracking. FinShare automates all of the factoring services and reporting needs through alerts, reminders, and email.

Premium 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.

The FinShare Factoring Solution provides for a complete invoice process, including:
  •    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
  •    Risk Management
  •    Standard, ad-hoc, and custom reports
 
FinShare Suite Illustration  

Benefits

The two greatest advantages of the Premium's software solutions offer are our component architecture and our ability to easily link to legacy systems. For businesses facing time crunches, Premium is able to implement the factoring software solution quickly and seamlessly.  Premium even has an in-house technical team that allows us to be flexible so we can customize our factoring solution to  match the needs of the individual factoring company.


 
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