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Factoring

TIMVERO invoice factoring software is designed to help lenders get paid faster and reduce the stress of managing accounts receivable. Software for any type of factoring (recourse/non-recourse and disclosed/undisclosed) significantly streamlines processes: you can create and send invoices, track payment statuses, and manage your cash flow in a single interface.

In addition, the timveroOS platform can be integrated with popular accounting software, so you can easily sync your financial data and stay organized.

Book a demo

Factoring

Factoring

TIMVERO invoice factoring software is designed to help lenders get paid faster and reduce the stress of managing accounts receivable. Software for any type of factoring (recourse/non-recourse and disclosed/undisclosed) significantly streamlines processes: you can create and send invoices, track payment statuses, and manage your cash flow in a single interface.

In addition, the timveroOS platform can be integrated with popular accounting software, so you can easily sync your financial data and stay organized.

Book a demo

What we offer

timveroOS invoice factoring software is a multi-level technical solution to boost the growth of your commercial lending business. It encompasses the processes and automates everything that needs to be automated:

Loan Origination

Upon receiving the application, the system performs client underwriting (borrower, lender, or both of them) using available data sources. TIMVERO system for factoring analyzes and matches shipping documents between parties and calculates possible financing amounts, discounts, and lending terms.

After selecting the appropriate conditions, timveroOS automatically generates a contract ready for electronic signature.

Servicing and Collection

After reaching an agreement, timveroOS performs the initial payment and controls payment due dates to inform both lenders and borrowers about upcoming payments.

On the due date, timveroOS may automatically initiate a payment or accrue a late fee in case the payment was not received. The received payments may be distributed between factor and lender depending on the factoring type.

Reporting

Along with servicing every factoring process and transaction, timveroOS monitors indicators and metrics. In the reporting section, you get real-time access to graphs and tables on applications, loan origination, credit portfolio, past due and defaulted loans, credit product indicators, and more.

Just as well, timveroOS provides information about issued loans and their current conditions to credit bureaus and other data sources.

Loan Origination

Servicing and Collection

Reporting

Upon receiving the application, the system performs client underwriting (borrower, lender, or both of them) using available data sources. TIMVERO system for factoring analyzes and matches shipping documents between parties and calculates possible financing amounts, discounts, and lending terms.

After selecting the appropriate conditions, timveroOS automatically generates a contract ready for electronic signature.

After reaching an agreement, timveroOS performs the initial payment and controls payment due dates to inform both lenders and borrowers about upcoming payments.

On the due date, timveroOS may automatically initiate a payment or accrue a late fee in case the payment was not received. The received payments may be distributed between factor and lender depending on the factoring type.

Along with servicing every factoring process and transaction, timveroOS monitors indicators and metrics. In the reporting section, you get real-time access to graphs and tables on applications, loan origination, credit portfolio, past due and defaulted loans, credit product indicators, and more.

Just as well, timveroOS provides information about issued loans and their current conditions to credit bureaus and other data sources.

Contact us

What we offer

timveroOS invoice factoring software is a multi-level technical solution to boost the growth of your commercial lending business. It encompasses the processes and automates everything that needs to be automated:

Loan Origination

Upon receiving the application, the system performs client underwriting (borrower, lender, or both of them) using available data sources. TIMVERO system for factoring analyzes and matches shipping documents between parties and calculates possible financing amounts, discounts, and lending terms.

After selecting the appropriate conditions, timveroOS automatically generates a contract ready for electronic signature.

Servicing and Collection

After reaching an agreement, timveroOS performs the initial payment and controls payment due dates to inform both lenders and borrowers about upcoming payments.

On the due date, timveroOS may automatically initiate a payment or accrue a late fee in case the payment was not received. The received payments may be distributed between factor and lender depending on the factoring type.

Reporting

Along with servicing every factoring process and transaction, timveroOS monitors indicators and metrics. In the reporting section, you get real-time access to graphs and tables on applications, loan origination, credit portfolio, past due and defaulted loans, credit product indicators, and more.

Just as well, timveroOS provides information about issued loans and their current conditions to credit bureaus and other data sources.

Customer onboarding

Automated scoring

Contracting

Collection

timveroOS builds seamless and tech-savvy onboarding for banks and financial institutions to improve conversion rates and minimize customer churn at every stage. Your borrowers can undergo fast fully digital KYC checks and submit their consents with a click.

The major advantage of TIMVERO consumer lending software is robust data furnishing tools and analytics.

The system generates forms and supports auto-fill based on existing CRM data or API integrations with data providers. Just as well it easily extracts and processes data from complex financial reports in banks.

Automated doesn’t mean uncontrollable or black-box.

It is you who defines custom scoring parameters, such as customer profile values, free cash flow range, and other risk parameters.

As a result, your consumer lending business obtains data-centric and effective scoring models - both soft-check and hard-check. Each is based on clear predefined rules for different borrower groups to minimize risk, reduce operating expenses and get the most out of what timveroOS automation can fuel your business with.

The entire document management part can become paperless.

The multi-stage process of signing a contract is supported by a number of online and offline channels. The system stores, edits, and updates various contract templates for borrowers.

The timveroOS functionality includes an automatic opening for debit or credit accounts or loan disbursements via integration with a core/general ledger collateral management. No need to switch between files, folders, and data providers: consumer loan software by TIMVERO unites all contracting operations in a single interface.

Robust collection module is a must-have for retail lending software. When compared to any out-of-the-box solutions in the market, at TIMVERO we added extended covenant control and collecting payments tracking along with ready-made proactive collection strategies for banking with automated notifications.

What’s more: banks and lending businesses always have necessary business metrics at their fingertips due to in-built systems for capturing analytical data and smart reporting.

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AI and ML for extra insights and the highest effectiveness

timveroOS for factoring uses extended datasets for an additional view of business process performance, invoice factoring industry trends, and various tactics of running a business in the commercial lending industry.

What’s more: for analyzing these datasets timveroOS implements AI and ML algorithms to evaluable possible risk areas and project cash flows in factoring, for instance, high delinquency rates, country or region risks, and more.

TIMVERO developed 2 modules:

Integration and Data Transformation to collect, verify, and implement data from integrated sources. The in-built ready-to-use Analytics XAI Engine (XAI = explainable AI) can leverage the power of processed data for business decision-making: by introducing updated loan terms and conditions or improving loan servicing processes.

Lenders easily draw insights about all factoring parties and adapt servicing strategies based on high-quality analytics. The system also estimates the possible future impact of such changes and improves the decision-making quality.

Business decisioning can be up to 12 times faster and completely data-driven with the TIMVERO software platform for factoring.

Book a demo

Advantages of timveroOS

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End-to-end factoring automation

timveroOS for factoring operations covers the entire lifecycle of any factoring type: recourse or non-recourse, disclosed or undisclosed factoring. From digital supply register management and data-driven underwriting along with collateral estimation to disbursement and notifications, all the way down to accruals, repayment, and highly informative analytical reporting.

analytics (1)

Granularly accurate
analytics

By analyzing data such as cash flow patterns, payment trends, and customer behavior, analytics help factoring businesses mitigate risks and optimize their operations. TIMVERO analytics module empowers factoring companies with the knowledge to make strategic decisions that drive profitability and ensure the overall success of their factoring operations.

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Ease of use

Allow your factoring business to be simple: at least packed in a user-friendly interface for easy platform navigation and invoice creation, submission, and deal tracking without any questions from the team. TIMVERO develops clean and neat interfaces without compromising robust functionality and effectiveness.

bar-chart 1

Scalability

We are glad to see our customers’ businesses flourishing and growing. Your factoring processes may change, so together we plan out software that can easily accommodate your business growth and offer scalability options to adapt to evolving requirements.

protection 1

Security and data
protection

Software for invoice factoring by TIMVERO prioritizes data security and ensures that sensitive information, including financial data and customer details are encrypted and protected against unauthorized access. Multi-tier access for employees ensures secured system access and operations security.

web

Integration capabilities

Compatibility with existing accounting systems appears to be crucial for our customers, so TIMVERO provides opportunities for seamlessly integrating factoring software with popular accounting software to ensure smooth data synchronization and avoid manual data entry errors.

gears

End-to-end factoring automation

timveroOS for factoring operations covers the entire lifecycle of any factoring type: recourse or non-recourse, disclosed or undisclosed factoring. From digital supply register management and data-driven underwriting along with collateral estimation to disbursement and notifications, all the way down to accruals, repayment, and highly informative analytical reporting.

analytics (1)

Granularly accurate analytics

By analyzing data such as cash flow patterns, payment trends, and customer behavior, analytics help factoring businesses mitigate risks and optimize their operations. TIMVERO analytics module empowers factoring companies with the knowledge to make strategic decisions that drive profitability and ensure the overall success of their factoring operations.

push 1

Ease of use

Allow your factoring business to be simple: at least packed in a user-friendly interface for easy platform navigation and invoice creation, submission, and deal tracking without any questions from the team. TIMVERO develops clean and neat interfaces without compromising robust functionality and effectiveness.

bar-chart 1

Scalability

We are glad to see our customers’ businesses flourishing and growing. Your factoring processes may change, so together we plan out software that can easily accommodate your business growth and offer scalability options to adapt to evolving requirements.

protection 1

Security and data protection

Software for invoice factoring by TIMVERO prioritizes data security and ensures that sensitive information, including financial data and customer details are encrypted and protected against unauthorized access. Multi-tier access for employees ensures secured system access and operations security.

web

Integration capabilities

Compatibility with existing accounting systems appears to be crucial for our customers, so TIMVERO provides opportunities for seamlessly integrating factoring software with popular accounting software to ensure smooth data synchronization and avoid manual data entry errors.

Customers recommend us

Canadian bank
“The factoring services in our bank have significantly improved their efficiency since implementing the TIMVERO software. The automation features and seamless integration with our accounting system have streamlined our processes, while the robust analytics provide valuable insights for informed decision-making.”
USA factoring organization
“The factoring software has transformed how we manage our cash flow. Its user-friendly interface makes invoice creation and tracking a breeze. The integration with our accounting software has eliminated manual errors, and the reporting features help us monitor our financial performance. A game-changer for our business!"
A Funding Group from Spain
“We were struggling with outdated manual processes before updating our legacy system. timveroOS improved our operations, reducing administrative tasks and speeding up our cash flow. The customer support team has been exceptional, providing timely assistance whenever needed.”
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We work with

Banks

Our factoring software is the ideal solution for banks looking to expand their services and tap into the factoring market. With its seamless integration capabilities, automated workflows, and robust analytics, our software empowers banks to offer comprehensive factoring solutions to their clients. Enhance your product portfolio, streamline operations, and stay ahead of the competition with our feature-rich factoring software designed specifically for banks.

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Credit unions

TIMVERSO invoice financing software is a game-changer for credit unions seeking to diversify their offerings and provide valuable financial services to their members. With its intuitive interface, integrated workflows, and powerful analytics, our software enables credit unions to venture into factoring with ease. Enhance member satisfaction, boost revenue streams, and expand your capabilities with our comprehensive factoring solutions tailored for credit unions.

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Finance companies
(fintechs)

Our factoring software is the ultimate tool to revolutionize your lending services. Seamlessly integrate our software into your existing platform to unlock a world of factoring opportunities. With automated processes, real-time insights, and advanced risk assessment capabilities, our software empowers finance companies to offer flexible financing solutions and gain a competitive edge in the market. Maximize your potential and drive business growth with our cutting-edge factoring software designed to meet the needs of fintechs.

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Solutions for any lending type

Solutions for any
lending type

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Installment

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POS

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Microfinance

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Auto

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Student

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Payday

Installment

POS

Microfinance

Auto

Student

Payday

Get a demo

Hop on a 30-minute demo to receive a detailed overview of the software's capabilities for factoring.

Our team will consider your goals and news and help you navigate across functional requirements for factoring software.

Schedule a demo