CADENCE | Factoring Features
CADENCE|Factoring is flexible and powerful, armed with an array of features and functionality.
System Security and Auditing
Every CADENCE|Factoring function is controlled by specific security rules. Administrators create user groups where each level of user access is controlled. Every user is assigned to a user group, prohibiting users from performing functions beyond their authority.
Additionally, CADENCE|Factoring has audit capabilities, keeping a record of changes made, which user made the change, when the change occurred, and what the change was.
Management Control
Control specific elements of portfolio management, such as invoice verification, credit checking, risk analysis, funds employed reporting, etc. The system provides drill down at every level, and access to the most pertinent information is generally available with just a click of the mouse.
Client Terms
A wide variety of standard terms regarding rates, fees, rebates, recourse, eligibility, and payment options are available. Easily create as many new terms and term combinations as needed.
The financial information defined in the Client Terms is used throughout the system, affecting all areas of fee calculation, reports, and statements.
Purchase Processing
With its rapid invoice entry form, CADENCE|Factoring alerts you of warnings, balances, notes, and credit limit issues when selecting or adding a debtor. Tabs automatically display information on related expenses, payments, recourse terms, cash reserves, and pending invoices.
System Preferences
CADENCE|Factoring contains a robust set of System Preferences – the functions utilized to customize the system for your business. Chosen options are applied system-wide and change the parameters of the program for all users. (Individual User Preferences are also available.)
G/L Accounting Exports
CADENCE|Factoring has the ability to export accounting or journal information directly from the application into almost two dozen popular accounting systems.
Complete trial balance and accounting report capabilities are provided.
Red Flag Rules
An innovative tracking tool for enhanced, user-defined portfolio analysis, Red Flags offer the ability to flag clients based on pre-determined warning conditions and monitor clients interactively for red flag occurrences.
