OPplus

Enhance your cash flow with streamlined factoring

Boost your efficiency and stay in control of your accounts receivable factoring processes with the Factoring module for Continia OPplus.  

✔ Customized invoice financing proposals 

✔ Automatic archiving and continuous factoring  

✔ Complete overview of your receivables 

Are delayed incoming payments disrupting your cash flow?  

Tracking down outstanding invoices can make managing your accounts receivables (AR) a time-consuming task. Payment delays may also put a strain on your company's cash flow and financial stability. As a result, companies often choose to sell their receivables to a factoring company to avoid delayed payments and loss of receivables.  

Invoice factoring is a way for businesses to boost their cashflow by “selling” their unpaid invoices to another company, called a factoring company. The factor pays you a majority of the invoiced amount upfront and collects the payment directly from your customer. Once your customer has paid in full, they pay you the outstanding amount after deducting their fees.   

Efficient accounts receivable financing   

Secure your financing and protect your liquidity with OPplus' Factoring module. This module gives you everything you need to finance and securitize your receivables directly in Business Central, making credit control easy and efficient.  

With Factoring, you can easily manage the whole invoice financing process. You can select open entries, create proposals, export them in your factor’s preferred data formats, and monitor the status of exported receivables. Every step is designed to be efficient and simple.  

Tailored to meet the needs of both silent and open factoring, this module ensures your AR financing processes run smoothly. Whether you're handling one company or several, this is the best invoice factoring software to help your business succeed.  

Benefits of OPplus Factoring

 

Reduced administrative burden 

Streamlining the factoring process saves time for your finance team. They can say goodbye to tracking unpaid invoices and doing manual paperwork, and instead focus on more strategic tasks.  

 

Enhanced financial stability 

Boost your company's cash flow by factoring your receivables. Getting immediate access to funds from sold or securitized receivables improves your company's liquidity and financial stability.  

 

Improved decision-making 

Gain an overview of your financial standing. Quickly make informed financial decisions with real-time insights into the status of your factored receivables.  

 

Customization and flexibility 

Secure optimal terms and conditions with the flexibility to customize financing options to meet your specific business needs.  

   

Scalability 

Simplify and streamline your financial processes as your business expands with scalable management of multiple companies and factors.  

 

Key features that add value to your workday  

Multiple factors  

Effortlessly set up and maintain multiple factors, ensuring all necessary master data is accurately recorded and easily accessible.   

Silent and open factoring  

Flexibly choose between silent and open factoring for a tailored approach that suits your business needs.

Factoring on multiple companies 

Whether you are handling the finances for one entity or several, you can efficiently manage all your factoring processes centrally from one company. 

Flexible factoring proposals  

Easily create and customize unlimited proposals, choose cutoff dates to align with your financial planning, and import acceptance information directly from the factor. 

Continuous monitoring 

Get a clear overview of your financial standing with continuous monitoring of your exported and paid receivables, while keeping track of the limits granted by your factor. 

Predefined export templates  

Ensure a smooth export process by implementing various file structures using predefined data exchange definitions to meet the needs of various factoring companies.   

Try out the Factoring module for free!  

Ready to streamline your factoring process? Download OPplus and activate the Factoring module in trial mode to explore its full benefits at no cost for the first 30 days!  

Try it out now!

Frequently asked questions

  • What is invoice factoring? 

    Invoice factoring is a way for businesses to get cash quickly by selling their unpaid invoices to another company, called a factoring company. This is used as a way to improve company cash flow and revenue stability.   

    Instead of waiting for customers to pay their bills, the business sells it’s invoiced receivables to the factoring company. A factoring company pays you the majority of the invoiced amount upfront and then collects the payment directly from your customers.  

    Instead of selling the receivables to the factor, they can also be securitized, which also provides the company with directly available liquidity. Receivables management remains in the hands of the company; no information is provided to the debtor. 

  • How does factoring work?  

    Invoice factoring is when a company sells its unpaid invoices to another company to get cash quickly. Here's how it works: 
      

    1. Your company provides goods or services to a customer and issues an invoice for the amount they need to pay.

    2. Instead of waiting for the customer to pay, your company sells the invoice to a factoring company. 

    3. The factoring company pays you most of the invoice amount right away, giving your company quick access to cash. 

    4. The factoring company then waits for your customer to pay the invoice. If the payment is delayed, they deal with it.  

    5. Once the customer pays the invoice in full, the factoring company takes a small fee for their service and sends the remaining balance to your company.  


    This way, businesses can get the cash they need to keep operating without waiting for their customers to pay. It's particularly useful for small or growing businesses that need a steady cash flow to cover expenses and invest in growth.      

  • What are the benefits of factoring?  
    • Improved cash flow: Get immediate access to cash without waiting for invoice payments.  
    • Flexibility: Available for businesses of all sizes and industries.  
    • No debt: Unlike loans, factoring does not create debt on your balance sheet.  
    • Focus on growth: Free up resources to focus on core business activities rather than collections.  
  • What is silent and open factoring?  

    Silent factoring, also known as confidential factoring, is a type of financing where the customer is unaware that their invoice has been factored.  Advantages of silent factoring are:  

    • Customer relationship: Maintains the appearance that your business is solely managing the invoices, preserving customer relationships.  
    • Control: Allows you to retain control over customer interactions and collections.  

      

    Open factoring, also known as disclosed factoring. The customer is informed that their invoice has been sold to a factoring company. Usually in this case the customer pays the factor directly. Advantages of open factoring are:  

    • Efficiency: The factoring company manages collections, freeing up your resources and time.  
    • Transparency: The customer is aware of the factoring arrangement, which can streamline communication and payment processes.