Invoice Factoring Software
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.
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Stages
What we offer
for factoring
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:
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.
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Architecture
Customizable Loan Architecture
Unique architecture based on Participant entities that can be customized for any custom attributes, documents, profiles and embedded intro the custom step of the loan process.
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AI/ML-based analytics for business 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.
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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.
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.
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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Testimonials
Customer reviews
Legacy software replaced, improved lending functionality, and 4 months of work partially performed by the bank’s in-house team.
“Thanks to timveroOS, our financial institution quickly launched a new commercial lending business, optimized costs, and successfully implemented the processes we envisioned. Now, we can scale efficiently, and timveroOS is our clear choice for the consumer branch as well.”
3 months to launch digital SMB lending for with the back-office augmented by advanced analytics and custom dashboards.
“timveroOS provides an optimized loan management platform with end-to-end automation and exceptional development flexibility—key factors that make our collaboration truly valuable.”.
3.5 months from signing a contract to launching in a production. Consumer lending project with multiple loan products, and online digital onboarding.
“I love how TIMVERO gave us full control over our data, allowing us to leverage it for our ML model, which is now driving our business decisions and financial perfomance to the next level.”.
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Solutions B2B
Solutions for any lending type
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Framework-native
What is framework-native loan management solution
Framework-native loan origination and servicing: built atop our proprietary framework brimming with pre-built modules and interfaces, it delivers 80 % of the architecture out-of-box—just inject your custom logic to launch, adapt, and scale.
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Next steps
Get a demo
TIMVERO is a trusted technology vendor for banks and financial organizations on their way to impeccable digital lending. Apply for a quick real-time demo to discuss the details and get a quote.
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