Monitor Factoring

With Monitor Factoring, you can strengthen your company’s cash flow by quickly and easily selling your customer invoices to a factoring company (Fedelta). In addition to faster liquidity, this option also reduces the administrative burden of managing customer invoices. Monitor Factoring is based on modern API technology, which eliminates the manual file handling – both for invoices and payments. Fedelta can also assist with related services such as reminders and debt collection.

Currently, factoring via Fedelta is available only for your Swedish customers and in SEK currency. You can find out more about how to get up an running here.

The following functions are included in Monitor Factoring:

Simple onboarding directly in Monitor ERP.
Activate factoring for customers in the Customer register and choose if Fedelta should distribute invoices via mail (post) or e-mail. Customers where e-invoicing is activated will automatically receive invoices via that method instead.
Automatic upload of customer invoices to Fedelta.
Automatic import of transactions from Fedelta. Invoices purchased by the factoring company are automatically matched and recorded as paid in the accounts receivable. The payment is automatically posted to the client funds clearing account. Other accounting events, such as recourse, are also recorded automatically.
Your company receives a client funds account (a dedicated bank account separate from your regular account for clearing) where payments from Fedelta are managed. Using bank transaction rules, deposits from the client funds account (at Fedelta) to your regular bank account are automatically cleared and posted.
Customer portal at Fedelta for monitoring/overview.

Interested in finding out more? Please contact our Sales department using this form. Want to find out more? Sign up to our upcoming Monitor Demos (Swedish).