We are looking for a Factoring Management Application that is or can be integrated with the Acumatica ERP. If you or your client are also looking into this, please let me know. We can work together and save money.
Our client is implementing the Acumatica ERP. The client uses currently factoring that provides them a loan against their customer invoices. Because the client has to order their materials from China three to four months ahead of their sales order or demand, they need money to bridge that waiting time for sales orders.
When the client creates a sales order, the sales order amount is submitted to the factoring company via the factoring private website/portal. If the factoring company approves the submitted sales order amount, only then will our client start the shipment of goods for that approved sales order..
The basic steps of the application should have the following features:
- Mark all the customers for which customer invoices are factored
- For a given sales order, check if the customer has been approved for factoring
- If so, get the approval from the factoring private portal for the specific sales order amount.
- If the sales order amount has been approved, enable shipment for that sales order. I guess we may disable all shipments by default since 90% of the sales order go through factoring.
If Acumatica ISV developers are interested in developing such an application, please contact me at:
ASix@inteltech.com . Toon Six