Factoring platform helps a non-bank institution pay 70% faster
Industry:
Financial Services · Factoring
Duration:
2021 - (Ongoing CI/CD)
Country:
EU (NDA)
Technology:
Context
A non-bank financial institution offering factoring wanted to make funding faster and simpler for its clients. The old process—emails, manual checks, and spreadsheets—slowed decisions and tied up the team. We built one digital platform that connects onboarding, invoice verification, approvals, funding, and settlements. Validations run automatically, exceptions route to credit, and data syncs with accounting. What used to take days now happens in hours. Clients receive funds up to 70% faster, and teams work with clarity.
Challenge
The factoring flow ran on email, spreadsheets, and manual checks. Standard approvals took 3–4 business days; complex cases 6–8. A dossier averaged 15–20 manual touchpoints and 25–40 emails across three systems (mail, sheets, ERP). Re-keying caused 2–4% data corrections. About 30–40% of cases missed internal SLA, and month-end reconciliation ran 1–2 days late. With buyers typically on 30–60-day terms, each lost processing day strained client liquidity and limited scale without adding staff.
Solution
Factoring now runs as one straight-through process. Invoices and KYC data validate automatically against the national e-invoice network and state/company registries; external risk data (credit bureau/central bank) feeds policy rules, so only exceptions go to review. Contracts sign digitally, advances and fees post to ERP (1C), bank statements auto-match, reserves release on time, and every action is logged. About 90% of the flow is automated.
Results
70%
faster funding
3×
more invoices
98%
on-time SLA
-25%
invoice cost
-55%
manual work
+2 days
faster reconciliation
