In recent years new business financing mechanisms have appeared that provide greater liquidity for companies that do not enjoy easy access to traditional funding, and these include factoring and reverse factoring.
SONDA has developed an IT solution for these financing mechanisms that manages both Factoring as the core solution and Reverse Factoring as an extension, to strengthen the management of this business.
The Factoring Solution manages and administers portfolios, and it optimally discounts bills or documents in a manner that maximizes the profitability of the business. This solution is simple to use through efficient and easy graphical user interfaces. It contains components dealing with: business, transactions, financial control and collection.
Reverse Factoring consists in extracting information from suppliers’ bills for each customer and paying these bills on a massive scale.