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Our services/Factoring · Factoring and confirming

Your financing,run in Odoo.

The Factoring solution handles factoring and confirming end to end in Odoo: contracts, invoice assignment, journal entries, collections and final settlement, with no spreadsheet and no re-keying.

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Factoring
Batch assignmentAmounts known before assigning
Automatic entriesFrom assignment to reconciliation
Risks under controlLimits, approvals, concentration
Notified invoicesFactor account, QR code, notice
FEATURES

Factoring,finally in your ERP.

Six building blocks to finance your receivables or pay your suppliers through the bank, in the same tool as your invoicing and accounting.

01

Contracts

  • Advance, reserve and funding limit
  • Fee on the assigned or funded amount
  • Fixed rate or reference rate plus margin
  • Contract templates per factor
02

Assignment

  • Invoices assigned from their list
  • Amounts previewed before assigning
  • Ineligible invoices set aside
  • Next step shown on each operation
03

Notified invoices

  • Factor bank account on the invoice
  • Native Odoo payment QR code
  • Assignment notice in the customer language
  • Default contract on the customer record
04

Accounting

  • Assignment, funding and settlement posted
  • Collections, buybacks, payments received in error
  • Automatic reconciliation of the factor account
  • Cancellation by reversal
05

Risks

  • Approvals and limits per customer
  • Concentration limit
  • Invoice eligibility criteria
  • Daily alerts
06

Reporting

  • Funded balance and availability
  • Actual cost of financing over 12 months
  • Maturity schedule of assigned invoices
  • Top customer balances
SCREENSHOTS

The solution,as your teams see it.

Overview
OverviewBalance, availability, cost of financing and actions to take, each figure opening its list.
An operation
An operationAssigned invoices, amounts, fees and the next step, on a single record.

Screenshots taken on our demo environments, with fictitious data.

DAY TO DAY

Built for treasury,appreciated by accountants.

Assigning a batch of invoices takes a few clicks; closing no longer means justifying the factor account.

Factor documents

Assignment schedule, customer notices and e-mail to the factor with the CSV or XML file.

Confirming

Your suppliers paid by the bank: invoices settled, debt to the bank tracked until settlement.

Three languages

Application, invoices and letters in French, Dutch and German, based on the customer language.

Factoring
WHO IT IS FOR

Designed for your business,challenged by experts.

Who it is for

SMEs and mid-sized companies on Odoo that finance their customer invoices through factoring, or pay their suppliers through confirming.

Built into Odoo

Linked to Odoo invoicing, accounting and bank reconciliation, and compatible with Odoo Online: no server to add.

OUR OTHER SOLUTIONS

Go furtherwith Odoo.

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SEE THE SOLUTION IN A DEMO

Your financing,already in Odoo.

30 minutes to walk through a full cycle, from assignment to reconciliation, with a Cellenza expert.

Request a demo