Overview

KASTLE™ Factoring is a Web-based, platform-independent solution that enables efficient, integrated management of the various assets involved in the factoring business. This multi-currency system with international language support enables factoring institutions to help clients address key business issues like centralizing business operations, using resources optimally, and leveraging technology investments via a comprehensive suite of factoring tools.

With its contemporary design, this J2EE-compliant solution facilitates the handling of all standard forms of factoring products. Domestic/Cross-border Factoring, Recourse/Non Recourse Factoring, Notified/Non Notified Factoring, Collection Services, Invoice Discounting, Purchase Factoring, Running Account (Balance Sheet), Invoice Level Funding, In-house Factoring (Shadow Ledger) Moreover, to suit the diverse needs of each organization, it is available in a variety of deployment models—software as a service, ASP, rental, and traditional licensing

Features and Differentiators

Key features

• Browser-based user interface
• Robust and proactive risk management
• Powerful and user-friendly reporting tools
• Easy configuration and transacting
• Flexible product definition
• Facility for multiple accounts, each linked to separate products
• Definable advance (funding) % for both client facility and client-debtor
• Automated or discretionary allocation by matching receipts against invoices
• Multi-lingual and multi-currency processing

Key differentiators

• Normal and reverse factoring via a single platform
• Customer acquisition module
• Credit risk analysis functionalities
• End-to-end document management system
• Business intelligence module
• Risk scoring model
• Fraud detection and management
• Parameterized accounting policies
• User-definable online help feature
• Client self-service portal

Benefits

Key business benefits

• Centralized operations with full client life-cycle business process management (from customer acquisition to daily business operations)
• Full electronic integration with business partners
• Increased productivity and optimal resource utilization with automation for transaction processing, electronic document management, straight-through processing, etc.
• Unmatched flexibility with multi-currency, multi-language support; custom definition of products; multiple accounts linked to separate products; parameterized accounting policies; etc.
• Shortened time-to-market
• Proactive and efficient risk management via built-in modules
• Rapid disbursement and pay-out of funds