Start your factoring business online, using our latest technology software.
Fast, secure and flexible digital invoice factoring & invoice trading platform, available as a white-label, Cloud-based SaaS solution.
Invoice factoring is a way for businesses to find short-term capital through selling and assigning invoices to a third party at a discount. The purpose is to fund cash flow and the third party is usually called a ”factor”. Invoice factoring is not a loan - the business sells the invoices to a factor for an additional fee. This process is performed using invoice factoring software.
Upon agreement, the factor advances you the money. In most cases, invoice factoring has two payouts: one immediate - covering most of the invoice amount, and another after invoice collection. The factor will pay the second installment after complete invoice payment has been received, minus fees.
When using quality digital factoring software, invoice details are submitted online and an instant quote is produced, based on the company´s business model, its reputation and credit rating.
There are several reasons to use digital invoice factoring. It is a way to quickly increase the company´s liquid assets, usually within a day. Online factoring also requires far less administration time and reduces costs.
Digital factoring works particularly well if you have a business with reliable customers that pay on time. The cash flow improves by enhancing factoring processes, building new, strategic partnerships with your clients - which allows for better financial planning.
Traditional banks and factoring companies have long processes, with hidden fees and sometimes unexpected security requirements. By using a quality digital factoring platform, clients usually receive a response and direct price estimations instantly. Payments are also much faster, since there is always an option of using open banking payment initiation service (PIS).
Some main features that our online factoring and trading platform offers are:
The investor portal is one of the key features we offer. Our clients are able to invite investors to their factoring platforms and offer invoices for financing. The latest version of our investor portal includes the interactive investor dashboard, multicurrency options, cross-border investments, ledger accounts and more. Demo available!
What should you look for in an invoice factoring platform? Many platforms seem to offer similar features, but there are still some major differences: approval time, requirements for financing, pricing, connectivity to external systems etc. are all things worth considering. However, that´s not all. A quality invoice factoring platform needs to have user-friendly features available on the go, combined with advanced FinTech software that performs all necessary calculations for the factoring process.
Stage11 factoring platform is developed in close collaboration with factoring agencies and is now available as a cloud-based SaaS solution.
Since the software is available through an external hosting model, no local installations or upgrades are necessary. The implementation process is much faster and the entry cost is low. Such a cloud-based solution is scalable and upgrades are much simpler. It is also readily accessible wherever you have an internet connection. Installation and initial customization are one-time fee and your time-to-market is minimal.
All our platforms are white label solutions. White label means that you have the freedom to brand your new digital platform as your own, using our software to grow and promote your business. Welcome to Stage11 – your factoring software provider!
Please fill out the form below to get in touch with us or book a demo. The FinTech stage is waiting - get on it fast!