Below you can see the list of fundamental factoring products supported by Comarch Factoring.
Comarch Factoring Platform is developed in an agile and highly iterative manner, and the approach to its design has a comprehensive dimension. It involves close cooperation in the form of workshops to exchange knowledge with the client, the product owner, the analysts, the production team, as well as usability tests (conducted with the involvement of end clients) allowing for a quick verification of a.o. design hypotheses.
Efficiency Meets Simplicity: Future-proof Factoring Software for Banks and Factoring Companies.
The modern software approach is no longer based on a monolith. The microservice-based architecture of the system allows banks and factors to continuously improve the system and adapt it to market needs easier. Also upgrading one microservice won’t affect the availability of other microservices, which allows the system to be updated without affecting the end customers.
Comarch Factoring software is composed of a number of modules. This modularity helps adjust the scope of each project to client’s individual needs. Modules constitute fully a functional factoring platform that delivers end-to-end transaction processing.
The modularity of Comarch Factoring also helps to go with the system live quickly (commercial roll-out of the standard factoring processes and their extension at any time in the future).
During the last customer’s research, as many as 92% of users of the new Front Office rated its functionality and design highly or very highly (2021). That’s a change! Because a year earlier, only 42% rated the old Front Office highly or very highly (2020)
Our goal is also to improve the work of the factor’s employees by simplifying their everyday tasks. Comarch Factoring Software supports them in several aspects:
Automation of most of the time-consuming activities associated with using the software: generating, parameterising and entering contracts into the system. It required constant improveing main processes such as importing invoices or onboarding new users.
Better matching of payments through the use of an appropriate algorithm. Each invoice is already verified at the input stage. This process assigns the invoice to a specific mask and allowing 85-90% payment matching and fast invoice processing.
Streamlining the work of the risk team. Continuous monitoring of contracts, counterparties and suppliers is critical for the risk department. Improving audit models and algorithms for more accurate fraud detection is key to understanding and predicting risks.
Regional New Business Manager