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What is SOFT4Factoring?

SOFT4Factoring provides a thorough invoice finance solution designed to simplify the accounts receivable factoring process through automation of key tasks, data consolidation, and improved operational efficiency. By reducing the need for manual input, the platform automates critical functions such as interest and commission calculations, invoice distribution, and accrual processes, while leveraging OCR technology to enhance invoice processing and data entry, significantly accelerating workflow speeds. It enables comprehensive management of factoring operations, including aspects like invoice verification, payment monitoring, collections, and funding, complemented by real-time portfolio insights that offer immediate updates on payment statuses and potential risks. Furthermore, the system integrates all customer-related information, documents, and transaction data into a single platform, making tracking and reporting more straightforward and promoting increased transparency in business operations. This all-encompassing strategy not only minimizes errors but also equips businesses with the tools needed to make more strategic and informed financial choices, ultimately driving better outcomes in their financial dealings. Additionally, by enhancing communication and collaboration across departments, SOFT4Factoring ensures that all stakeholders are aligned and can respond swiftly to any changes in the financial landscape.

What is Kachasi?

Kachasi delivers a comprehensive trade finance solution that enhances banks' trade finance processes through automation, thereby streamlining all related activities. By fusing traditional trade finance functions with the necessary flexibility for local processing, it creates a robust platform that significantly improves the management of trade finance operations. Key elements of the platform include Import and Export Letters of Credit, Inward and Outward Collections, Bank Finance, and Reconciliation, which effectively handle aspects such as Interest Distribution, Unutilized Balances, and Offshore Charges. Furthermore, Kachasi incorporates Indigenous Trade Modules that comprise Mandates and Requests, Document Management, Funding Instruments, Custom Duties/Regulatory Collections, Operational and Regulatory Reports, along with a Business Intelligence Dashboard, and Guarantees Issued and Received. In addition, it provides specialized modules like Supply Chain Finance, Factoring/Invoice Discounting, Forfaiting/Bank Payment Obligation, and Pre-shipment Financing, ensuring a thorough approach to trade finance that meets a variety of financial needs. This extensive range of features not only enhances operational efficiency but also positions Kachasi as an essential asset for banks looking to elevate their trade finance capabilities. With each component meticulously designed, Kachasi stands ready to transform the landscape of trade finance for financial institutions.

Media

Media

No images available

Integrations Supported

Microsoft Dynamics 365 Business Central

Integrations Supported

Microsoft Dynamics 365 Business Central

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

SOFT4Factoring

Date Founded

2008

Company Location

United States

Company Website

soft4factoring.com

Company Facts

Organization Name

Union Systems Limited

Date Founded

2004

Company Website

www.unionsystems.com

Categories and Features

Categories and Features

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