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Premium's Fin Share
Factoring Solution provides banks and financial institutions with the ability to
capture, manage and process the various assets utilized in the factoring
business. Premium's solution is a user friendly product that automates and
integrates the required business functions that enable factoring organizations
to provide the solutions their customers demand.
FinShare
Factoring solution software is a web enabled application. It not only provides
banks, financial institutions, and factoring companies all of the necessary
information for them and their clients to keep track of their own business; it
allows your company to offer your customers an automated upload of asset
information as well as the ability to view transaction status. Also our
software provides businesses with the ability to analyze their own needs and
requirements. This is done by creating a snapshot that provides a summary of
the financing terms of each transaction, which allows the financial institution
and their clients to see all the costs involved with a particular transaction.
Thus, all parties will know all the actual or potential advantages or
disadvantages before making a final financial decision.
Our solution ensures compliance and provides the means to qualifying clients,
rating account debtors and account maintenance, and collection and invoice
tracking. FinShare
automates all of the factoring services and reporting needs through alerts,
reminders, email, document management and imaging.
Premium recognizes that banks, financial institutions, and factoring companies
deal with different types of businesses even within their own sector. Our
software is designed to meet all types of business needs.
The FinShare
Factoring Solution provides for a complete invoice process, including:
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Invoice factoring software features
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General ledger entries for double entry accounting
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Provides discount percentages for transactions
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Purchase schedules of invoices
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Account debtor payments
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Automated Asset Upload Capability
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Automated Receivables valuations
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Reserve rebates and negative reserve rebates
- Risk
Management
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Standard, ad-hoc, and custom reports
Benefits
The two greatest
advantages of the Premium's software solutions offer are our component
architecture and our ability to easily link to legacy systems. For businesses
facing time crunches, Premium is able to implement the factoring software
solution quickly and seamlessly. Premium even has an in-house technical team
that allows us to be flexible so we can customize our factoring solution to
match the needs of the individual factoring company.

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