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Export Ready

Supply Chain Financing - Factoring

Name: Supply Chain Financing - Factoring
SKU: 8454817
Availability: InStoreOnly

Sold by fintra software private limited · Service Provider , Startup · Hyderabad, Telangana, India

Price

Price on request

In stock

Inclusive of all taxes

Minimum order: 1 Unit

Export Snapshot

MOQ

1 Unit

Lead time

On request

Packaging

Standard export packaging

Shelf life / longevity

As per product specification

HS Code

On request

Origin

India

Port of dispatch

On request

Export markets served

Global markets

Values shown are for fintra software private limited.

Compliance & Certifications

Suitable for

Importers · Distributors · Wholesalers

Hyderabad Dispatch on request Verified seller

fintra software private limited

Service Provider , Startup · Hyderabad, Telangana, India

We have been in this business since 17th December, 2015 with the primary objective of development of Software products in the area of Banking and especially Wholesale Banking such as Trade Finance, Supply Chain, Factoring etc. besides enabling front-end to the Corporate clientele of our valued customers enabling them to focus on boosting their domestic and forex earnings. At Fintra, we develop solutions for banks that are driven primarily by quality, ease of access and effortless navigation along with comprehensive coverage of modern day requirements enabling our customers to derive growth, value and profitability in their operations.

Registered address: Hyderabad, India. Industry: Digital & Technology > IT Software & Services.

View profile All products

Established

2015

Employees

11–30

GST

36AACCF7109G1ZS

IEC code

Not shared

Export markets

Global markets

GlobalLinker Member Since

Jan 2025

Turnover

10000001 - 50000000.

Incorporation Type

On request

Verified Seller Certificate of Incorporation Startup Certificate issued by Govt of India

Product details

What are the specifications of this product?

Overview

Factoring Enabling the bank’s customer to initiate Invoice/cheque discounting Discounting can be with recourse or without recourse Facility to lodge multiple invoices for discounting purposes Maintaining Counterparty (buyer-wise) limits Customer Limits will be sourced from Core Banking system Validation of Limits and available balance Recording realization details and closure of record Recovering Interest, Commission etc. Integration with Core Banking and Courier systems

Product Description

Invoice Discounting – Order capture by Customer

Corporate customer creates and submit invoice discounting order through Client Front-end
Customer user to enter details of one or more invoices and club them under one order/request and submit it for bank review and approval.
The discount order capture can be a 4-eye process i.e., customer maker should create the record and customer checker should approve it.
Facility to checker to return the transaction to maker
After approval from the customer checker
A request should be sent to Courier for physical invoices pickup.
- The discount order should be then sent to Bank for review and approval.
- Customer should be able list and view discount orders.
Customer should be allowed to cancel discount order before submission to bank for approval.
Customer should also be able to view the status of records, both pending and completed with uptodate information

Order processing at bank

At bank side, the discount order should be first verified by bank maker and then should be approved by Bank checker.
Bank maker would then verify the data captured on the order with copy of invoice. Once verified, record moves to checker for approval.
When Bank checker approves the order, the order should be executed, and the bookings should be triggered.
System to validate the availability of discounting limit and compliance with tenor permitted
On approval, system to send details to Core Banking system for posting necessary accounting entries
The checker should be able to Approve, Reject or Return to bank maker.
Rejected records are permanently closed. Customer may reupload the invoice as a new record
Upon realization system to update and close the records
If unpaid on due date system to close the record by debit to Operating Account of the customer

Description provided by fintra software private limited.

Specifications

Discounting Method	Recourse and Non-recourse options
Order Submission Process	User-friendly client front-end for submission and approval flows
Validation Process	System validates limit availability and compliance with tenor.
Order Tracking	Visibility into the status of submission, pending, and completed orders.
Record Management	Ability to close records on realizations and unpaid dues.
Courier Integration	Automated requests for physical invoice pickups.

Use cases

Category	business services > financial services
Primary application	Wholesale, distribution, and international sourcing
Brand	Not specified
Product type	Product

Logistics & handling

Lead time	On request
Packaging	As per buyer requirement
Storage condition	As recommended by supplier
Origin	India
Form	As listed by supplier

Commercials (this seller)

Minimum order	1 Unit
Lead time	On request
Payment terms	As per negotiated commercial agreement.
Checkout type	enquiry

Buyer questions

Frequently asked by buyers

Common questions B2B buyers ask before sourcing Supply Chain Financing - Factoring. Answers compiled from verified sellers' commercial terms and platform data.

Q: How does the 4-eye approval process work in invoice discounting?

A: The 4-eye process requires a maker to create the invoice discounting order and a checker to review and approve it before submission to the bank, ensuring accuracy and compliance.

Q: What happens if an invoice is unpaid on its due date?

A: If an invoice remains unpaid on the due date, the system will close the record by debiting the customer’s Operating Account.

Q: Can customers cancel discount orders once submitted?

A: Yes, customers can cancel their discount orders before they are submitted to the bank for approval.

Q: Is it possible to submit multiple invoices under one request?

A: Absolutely. Customers can submit multiple invoices under a single discounting order for streamlined processing.

Q: What integrations does this factoring solution support?

A: The factoring solution supports integration with Core Banking as well as Courier systems for efficient management of transactions.

Question not answered? Ask sellers directly — typical response within 4 hours.