Depending on the type of contract, eFactoring offers the possibility of assignment of different parameters, including financing periods (e.g. discounting period, discounting period with a grace period) until the invoice payment deadline, as well as others, such as, for example, an additional financing period, a tolerated delay period – after the payment deadline, along with a method for charging interest corresponding to these periods, respectively.
The communication process between the eFactoring system and the central system may (depending on the configuration) meet risk requirements in terms of impairments and provisions, as well as debt collection (MSR/RMF).
eFactoring is a system that registers analytical changes on accounts along with their full audit path, keeps records of turnovers and balances of performed operations, ensures coherence of data transmitted to other systems belonging to the factor, and provides for the possibility of data verification in the end-of-day process. Furthermore, the system automatically enables clearing of debtors' payments, enables generation of data excerpts supporting the soft debt collection process and ensures, within an established scope, handling of corrected invoices sent by the client.
What is more, the accepted assumptions and architecture of the system allow for its efficient expansion in the event of its expansion by other factoring functions and forms.
Depending on the type of contract, eFactoring offers the possibility of assignment of different parameters, including financing periods (e.g. discounting period, discounting period with a grace period) until the invoice payment deadline, as well as others, such as, for example, an additional financing period, a tolerated delay period – after the payment deadline, along with a method for charging interest corresponding to these periods, respectively.The communication process between the eFactoring system and the central system may (depending on the configuration) meet risk requirements in terms of impairments and provisions, as well as debt collection (MSR/RMF).eFactoring is a system that registers analytical changes on accounts along with their full audit path, keeps records of turnovers and balances of performed operations, ensures coherence of data transmitted to other systems belonging to the factor, and provides for the possibility of data verification in the end-of-day process. Furthermore, the system automatically enables clearing of debtors' payments, enables generation of data excerpts supporting the soft debt collection process and ensures, within an established scope, handling of corrected invoices sent by the client.What is more, the accepted assumptions and architecture of the system allow for its efficient expansion in the event of its expansion by other factoring functions and forms.
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