• FACT.pilot at a Glance
• Master Data
• Limits
• Purchasing and Funding
• Document Data
• Cash Out
• Fees and Interests
• Risk Management
• Management Cockpits
• Useful Standard Functionalities

Purchasing and Funding

FACT.pilot is based on a high-performance financial accounting system, i.e. all factoring relevant postings are controlled by the accounting system.

The system divides between purchasing and funding, i.e. though an invoice has been purchased, it will not necessarily been funded (e.g. in case of a dispute).

The purchase process is controlled by purchasing parameters, i.e. the system checks in the first step if the invoice is in line with the defined parameters. If at least one parameter is not fulfilled, the system rejects that invoice and the reason for the non-purchase is assigned historically to each single item.

Purchase parameters can be, for instance: A valid limit; the exclusion of decided countries, debtors, documents or currencies; the invoice amount; the aging of the invoices; the payment terms; etc.

After all purchase parameters have been checked, the systems will fund the receivables automatically.

All relevant and necessary information of a document including the reason for the purchase or non-purchase as well as those for the funding or non-funding can be tracked at any time – also historically.

Revenues and VAT of purchased invoices are also posted automatically by the system. This is a prerequisite for your customers within the full-service-factoring for the outsourcing of the debtors management as they have to fulfil their legal reporting.