Factor accounting software built with customizable collections teams

Whether you have a single collections person or a team, WinFactor’s factor accounting software allows you to filter by clients, debtors or account rep groups so that you can optimize your workflow. WinFactor’s flexibility enables you to segregate rep groups by multiple criteria such as language, industry and region.

Collections

One of the unique features of our factor accounting software is the option to filter by next action date, age, invoice date, advance date, invoice due date, by client, by debtor, amount and by rep/rep groups. Our collections system allows you to email a debtor straight from the collections screen a pdf or an excel spreadsheet of outstanding invoices. The WinFactor™ Customer Portal allows Debtors to easily update payment status. Connect with us to see a demo today.

Treasury

With a single click, our funding system creates NACHA files for batch uploading of all the ACH transactions in a single file per day. This eliminates the time-consuming process of hand keying ACH payment info into templates and eliminates human keying errors. WinFactor™ can even batch multiple wires into a single wire file. Schedule a demo today.

Customizable Fees per Client

  • Unique Time-based fees

  • Create Time-based fees with partial payments

  • Cash reserve calculations

  • Negative cash reserve fees

  • Custom Transaction fees (Factoring fees)

  • Interest calculations for Asset-based Lending

  • Create Negative invoice fees

  • Funding fees for ACH, Wire, Fuel Cards, Rush, Checks, Reloadable Prepaid Card

  • Charge Cash Advance fees

  • Charge Fuel Advance Fees

  • Non-Factor Advance fees

  • Automatic One-time charges

  • Automatic Periodic charges

  • Broker Commission fees

  • Sales Commission fees

Collections

  • Highly configurable collections pipeline for automation

  • Track clients, debtors, and sub-debtors, number of invoices, accounts receivable and fees through the platform

  • Maintain visibility into your accounts receivable for all aspects of the business

  • Charge back management

  • WinFactor’s “Next Action Date workflow” and highly configurable Collection Groups creates an efficient collections process

Easy Relationship Configuration

  • Create unlimited and unique time-based fee terms, and non-time-based terms, which can be configured for as many clients as needed

  • Create unique terms for single client/customer relationships

  • Fee accounting can be configured on a client-by-client basis, for separate tracking

  • Freight broker Factoring – create standard payment terms and QuickPay terms for carriers in which you manage the payments to both the broker and carrier

  • WinFactor has the ability for you to perform bulk updates to all Client Fees and Terms with a single click of a button

Notice of Assignment Workflow

  • NOA Contact from the credit alliance

  • Automatic NOA entry in Workflow when a new client customer relationship is established

  • Customizable your NOA templates with mail merge and digital signatures with ease

  • Letter of Release addendum to NOA used in buyouts

  • NOA can be inserted with every invoice to speed up your processes

Factor’s stamp and Factors Invoice

  • The Factors invoice can be added to every invoice on an advance schedule with a single click of a button

  • Digitally stamp client’s invoice with the Factor’s Stamp with assignment and remittance information

“It’s never easy to make a software conversion. WinFactor™ made it as easy as possible”

“We knew that our current software wasn’t meeting our needs. We did a full evaluation of different vendors in the marketplace and WinFactor won out. The features of WinFactor™ won us over. WinFactor™ includes a lot of the features without the need to purchase additional modules. The reporting tools within WinFactor™ are great. Their reporting tools allow me to ensure our financials are in order.”

Ron Gabbai
Managing Member, G Squared Funding

Schedule a Demo
factor accounting software app
factor accounting software WinFactor

Make the switch to WinFactor™ today.

WinFactor™ has been the leader in the factor accounting software space for years. Our software is built specifically for the Transportation Factor. That is why every feature and function is designed to make your workflow easier and faster. Schedule a demo today.