Crowdsourced Data

so you can Factor with confidence.

Software Factoring Platform with Integrated Credit and Fraud System

Integrated Credit and Fraud System

Stop paying for third party credit sources.

Unlock the full potential of your subscription with WinFactor’s integrated credit and fraud system, a true game-changer for your business. Access the industry’s premier credit data right at your fingertips, providing real-time risk alerts during the purchase process in WinFactor™. Our infrastructure is purpose-built to facilitate the sharing of debtor payment information among members of our esteemed Credit Alliance. This alliance isn’t just a name; it represents a united front against fraud, where factor members collaborate to share vital information on debtors. Our crowdsourced credit data derives from two potent sources and is accessed in two locations within the software factoring platform.

The first source taps into the Federal Motor Carrier Safety Administration (FMCSA), delivering a nightly feed that updates broker authority status and registration information within our credit system daily. The second source is fueled by the enormous volume of daily payments entered in our platform, contributing to our extensive credit database. The combined strength of our Credit Alliance not only empowers your back office buying decisions, but also extends its reach to the Client Portal. The Credit Alliance data informs your ‘Buy’ ‘No Buy’ or ‘Call First’ credit status visible in the Client Portal credit search, not only for debtors within your database, but across the entire FMCSA database. It’s a game-changer in informed credit decision-making and it is unique to WinFactor™.

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WinFactor’s Credit Alliance and Early Alert system offers the industry’s best risk mitigation through real time alerts that can save you thousands in external credit searches and reducing bad debt.

Debtor Information
Credit Status (Buy, No Buy and Call First)
Average Days to Pay
Recent Load Numbers
Rate Sheet verification
Federal Motor Carrier Broker Authority
Early Alert System

Our credit system is seamlessly integrated into our factoring software, eliminating the need for additional costs associated with external credit searches or the purchase of supplementary modules. At WinFactor™, we deliver the freshest and most actionable credit insights without any extra financial burden.

Make the switch to WinFactor™ today!

Guardrails

WinFactor’s Guardrails help your team manage compliance with alerts and reminders
Audit trails throughout the software assist managers with accountability and training

Federal Motor Carrier Safety Administration (FMCSA)

WinFactor™ has an integration with the Federal Motor Carrier Safety Administration (FMCSA) to receive the latest information on carriers, brokers and shippers. Any changes in broker status will atomically be updated within our credit and fraud tools to ensure you never buy an invoice from a disqualified broker.

User Alerts and System Reminders

No buy alert or no buy block
UCC filing expiration
Carrier insurance expiration
Client, customer and client/customer credit review dates
Client, customer and client/customer credit limit approach
Client, customer, client/customer over credit limit
Customer AR insurance limits

Invoice verification reminders configurable by client, customer and by client/customer relationship
Credit alert when another factor in the Credit Alliance has moved a customer to “No Buy”
Client request from the Client Portal to assign a new Customer to their profile
Alert when a client submits invoices from the Client Portal or an integrated TMS
Missing NOA alert
Invoice delivery task reminder

Integrated Credit System

Algorithms automate your credit scores by leveraging the credit alliance payment data across the entire FMCSA database – not just the debtors known to you in your database
FMCSA daily data feed monitors lost broker authority for an immediate No Buy credit calculation
Our integrated credit system provides insight to potential trouble ahead by signaling changes in payment behavior, invoice volume, increases in collection notes, and creeping average days to pay
Available 3^rd party credit reporting integrations
- Ansonia
- Factors Network
- CreditSafe

Credit and Fraud Tools

Buy, No Buy, Call First

Leverage data from your fellow factors to make informed decisions. WinFactor™ gives you more smart data than any other software factoring platform so that you can factor with confidence.

Average days to pay

Average days to pay shown in the integrated credit system is the most up-to-date data in the market. See the average amount of time your debtors are taking to pay, down to the decimal point. WinFactor’s Credit Alliance is a powerful tool to help you succeed.

Notes and Reasons for Credit Rating

WinFactor’s Credit alliance provides you powerful crowdsourced data from your peers. See detailed information on why your clients have received the credit rating they have been given. Our nightly feed from the Federal Motor Carrier Division combined with the detailed information from other Factors, gives you the most comprehensive tools on the market to make informed funding decisions.

Recent Load Numbers

WinFactor™ provides our factors with the most powerful and comprehensive fraud prevention data on the market. Within our credit system, you can see recent load numbers sequences used by brokers. This will help you spot fraudulent load numbers and validate the rate sheets submitted to you. WinFactor’s Credit Alliance gives you an all-in-one solution for all your factoring software needs.

“The Credit Alliance within WinFactor™ has provided us significantly better insights into the credit of a debtor than a credit report.”

“WinFactor™ caters to freight factors better than any other software we have found. WinFactor’s credit and fraud data has been critical in operating in this much higher risk environment in transportation factoring. WinFactor™ supports us in mitigating our risks through the information provided by the credit alliance.”

Trace Reddick
Risk Management Officer, Dorado Finance

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Make the switch to WinFactor™ today.

WinFactor™ has been the leader in this space for years. Our software factoring platform 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.