New Factoring Module
| Feature | Public preview | General availability online |
|---|---|---|
| New Factoring module | - | Feb 2025 |
Business value
The Factoring module in Continia Finance helps businesses optimize cash flow by enabling the sale of receivables to factoring companies, securing immediate revenue and reducing payment delays. Fully integrated with Business Central, it automates factoring proposals, customer-to-factoring company allocation, and data file creation. New entities, including proposals and archives, streamline operations and minimize administrative tasks.
Feature details
Customers can sell their receivables to factoring companies to secure their revenue-related cash flow. The new module covers the entire handling in Business Central. The allocation of customers to a factoring company, the selection of outstanding customer invoices based on automated factoring proposals, and the creation of the data files with the data exchange definitions.
The new entities comprise: Factoring proposals, proposal archives, and extensions on customers and customer ledger entries.