When it comes to modern globalization, you and your customers may be situated in different countries and even in different parts of the world. Settled in your local currency, multi-currency and multi-language supported solutions will help you smoothly and efficiently operate in the global market with a clear conversion rate.
Multicurrency support
Calculating the exchange rate
You can perform currency conversion according to exchange rates that are stored and maintained in the exchange rate table. Calculate the exchange rate associated with the date on the transaction for each conversion of a currency amount to a local amount. Save historical exchange rates in the exchange rate table to keep track of fluctuations over a period of time. For a factoring agreement, use currency exchange rates or, alternatively, apply a fixed currency rate.
Even more great features. Check them out:
What can you do with Soft4Factoring
Manage financial transactions and types of debtor finance, quickly and easily
General ledger integration
The Solution has full integration with a Factor financial accounting system and General Ledger module.
Automated document management
Create, store and distribute documents throughout the factoring process. Produce factoring documents automatically, configure document templates and map to data in the System.
Debt management
Monitor delinquent accounts, take actions, and log them in the system (e.g. call the customer, log promise to pay, follow-up call if a promise is broken).
Multicurrency support
Calculate the exchange rate associated with the date on the transaction for each conversion of a currency amount to a local amount. Save historical exchange rates in the exchange rate table to keep track of fluctuations over a period of time.
Master Factoring agreements
Manage Factoring Agreements throughout the whole lifecycle: attach factoring product, create and approve factoring contracts; upload legal documents to a factoring agreement.
Automated calculation
Calculate interest on the debt balance and recalculate interest in case of partial early repayment of debt. Benefit from automation function for calculating overdue penalties, as well as allocated, outstanding, and released reserve amounts.
Data tracking and reporting
Easily drill down to G/L transactions for every calculated and posted figure in the system. The built-in platform features enable to export every single internal report or view to Excel, Word or PDF.
Open invoice management
Overview all open invoices in a single page. Invoices are run through a validation process to ensure they meet all acceptance and contract criteria for the client.
No stress and inspiring results. Start achieving results today!
Industries
Select your industry to find out how Soft4Leasing can simplify your business
Equipment leasing software
Manage your equipment leasing operations throughout your company, from the front office to the back office. Suitable for all types of equipment: office equipment, heavy equipment, IT equipment, farm equipment, etc. Manage funding, enjoy data integrity and consistency, improve your customer service.
Auto leasing software
Manage your automotive leasing business efficiently with all-in-one auto leasing software. Increase front office productivity by providing quick quotations, prepare a quote for a customer over the telephone using pre-set conditions in the system and the user-friendly self-explanatory system interface, automate your leasing processes and expand your business.
Loan management software
Manage various term loans: equipment loans, real estate loans, working capital loans, etc. with Soft4Leasing loan management software. All-in-one lending software solution covers the entire loan cycle from loan origination to loan termination. Benefit from cash-flow forecast, floor-plan funding functionality, ALM asset-liability management, and cost of funding per each lease to manage funding.
Property finance software
As Real estate financing is a long-term process, it requires headache-free management process. Manage your real estate financing business efficiently with all-in-one real estate financing software. In case you are searching for a property and real estate management software, check Soft4RealEstate – software solution for mixed and commercial property management companies.
Recourse factoring
Manage your recourse factoring business – agreements where a company sells its current invoices to you with the understanding that the company will buy them back if they go uncollected. Save your team’s time with automated calculation, accrual and invoicing of interest and commission, do easy tracking and reporting, overview all valid Factoring Agreements at a single click.
Non-recourse factoring
Manage your non-recourse factoring business, allowing a company to sell its invoices to you without the obligation of absorbing any unpaid invoices. Save your team’s time with automated calculation, enjoy collections worksheet functionality for debt management, overview all open Invoices in a single page.
Invoice factoring software
Run your factoring business efficiently with factoring software that allows you to minimize manual work with automated calculation, and to accrue and invoice interest and commission. Achieve efficiency with integrated financial accounting, document management and CRM features. Meet investors’ expectations by managing your business with a world-class ERP system, built on Microsoft Dynamics 365 Business Central.
Factor software
Benefit from automation that provides an easier and faster invoicing process, saving up to four hours per day. Manage your business efficiently with functions such as document management, CRM and contact-address details module. Easily gain business insights and take informed business decisions with data tracking and reporting.
Asset finance software
Streamline your asset finance process with an automated business process.
Benefit from document management, CRM, reporting and statistics tools, automatic reminders and far more. SOFT4Leasing is suitable for various asset types (equipment, automotive, property, etc.). Our software supports all main asset financing concepts including: hire purchase, finance (capital) lease, operating lease, and chattel mortgage.
Increase efficiency of serving your customer by 3x with all in one
Talk to our expert about your leasing software needs
Trust from around the globe
The product was perfect for our purposes; it is based on a long terms sustainable platform and had just what we need, with very few unnecessary and redundant features and the possibility to customize it to our specific needs. Overall happy with the responsiveness, customer oriented mentality and professional level of everybody we have been in touch with. I was very impressed by consultant Kestutis’s analytical skills, the capability to simplify complex problems, understand immediately our specific needs and translate it to a software solution. It was a real pleasure to work with such a skilled and clever person.
Rolling Stock Manager at EUROFIMA, Switzerland
At the end of the day I liked what Soft4 were offering in terms of software functionality, I also liked the fact that Soft4Leasing consultant was very measured in giving an answer to our questions about the capabilities. The other point is that they have been prompt and professional.
CEO at Specialist Equipment Leasing Finance Company, Australia
We had been using our legacy application for 25 years and had grown very accustomed to what we knew. The professionals from SOFT4 and PYA spent many hours with us in product meetings in order to set realistic expectations to make sure we fully understood the various options and possibilities with Soft4Leasing and to help us “see” how we would bridge our old processes and our new environment.
VP Finance and Administration, Claireview Leasing (now Director of Finance and Administration at Prime Leasing Inc.), Canada
Our Cambodian sales finance company – Toyota Tsusho Finance (Cambodia) PLC (TTFC ) – selected “Soft4Leasing” as their new core leasing system for moving their business forward faster. Soft4Leasing reached to go-live with the powerful support from both Soft4 and blue technology – local Soft4 partner in Cambodia. Around 4 months after go-live, TTFC are using their new system without no significant issues. The system is very stable and reliable. Also, TTFC team could start working with new system easily because of Sof4Leasing usability and rich functionality. We are looking forward to grow the business and get the success with the new system and the partnership with Soft4 and Blue Technology.
Project Manager of Automotive Business Innovation Department at TOYOTA TSUSHO CORPORATION HQ, Japan
EFTA has worked with Soft4 for four years and found them to be flexible and accommodating to our needs. EFTA operates in SME leasing in Africa, a complicated and unpredictable sector which requires a system that can respond accordingly. Soft4 provided creative solutions to help adapt Soft4Leasing to our needs, as well as patient support once the system had been in put in place. Furthermore, Soft4’s staff are noteworthy for their friendliness and emphasis on customer service. EFTA would happily recommend Soft4 to anyone looking for a value for money solution to their complex business needs.
Chief Operations Officer at EFTA, Tanzania
On the leasing application the software is very good, it covers all the process of it. Its user friendly and easy to use. It reduces cost for the business (because its time effective), and it eliminates some administrative task that we used to do.
Executive Director at Tirana Factoring and Lease, Albania
