Factoring

Factoring is the transfer of your accounts receivable to a company specialising in invoice follow-up, including the financial and administrative management of your accounts receivables. This means that you leave the handling of sent invoices and your customer ledger to a factoring company. The advantage with using factoring is that professionals take care of the follow-up to sending out your invoices, allowing you to concentrate on other tasks in your company.

The transfer of your accounts receivable takes place when you generate a file from the customer ledger that contains information about your outstanding customer claims. You can send the file by e-mail, on another storage media or upload it to your factoring company's website from where they can import it into their system for further processing.

The program supports a number of different customised factoring formats, in addition to the basic format detailed XML. Read more in Format description for Detailed (XML).

To be able to use factoring you need to have entered into an agreement with a factoring company and entered your factoring settings in your Mamut program.

Read more in Getting Started with Factoring.