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    • Factoring client onboarding

    Our solution for the fully automated acceptance of new factoring clients

    Despite the large number and complexity of individual steps, our factoring client onboarding solution enables fully automated onboarding of new factoring clients. Central to this is a quick decision on purchase limits, which the factoring clients can apply for themselves via an online portal during the onboarding step. The data is taken up by an automated decision-making process that enables an efficient but individual decision. The result is a valid framework agreement for the factoring business relationship.

    Key features of factoring client onboarding

    Save time and costs with digital onboarding

    • Registration as a factoring client

      The application for the business relationship between the factoring company and the client is made via a portal, which is typically integrated into the factoring company's website. Here, the factoring client enters initial basic data about the company and the desired factoring line.

    • Automated retrieval of credit reports

      The solution integrates information from numerous credit agencies (e.g. Creditreform, SCHUFA B2B) and prepares it graphically for the factoring company's risk assessment. Additional information such as register documents are attached to the file to be checked as PDF documents.

    • Analysis and preparation of borrower units/risk groups

      By analyzing the company, all necessary information is processed and corresponding borrower units or risk groups are generated and displayed in a graphical overview.

    • Extraction of beneficial owners

      In the course of a fully automated check, the beneficial owners of the relevant companies are identified and assigned to the company as independent partners in addition to interlinking information.

    • Checking sanctions, PEP and embargo lists

      The identified persons are automatically checked against the sanctions, PEP and embargo lists defined by the factoring company. Any hits are checked and processed via a dedicated compliance module.

    Further key features of factoring client onboarding

    End-to-end digital - customer onboarding without media disruptions

    • Rule-based risk assessment in accordance with the factoring company's policy and approval of lines

      An automated decision on the application is made on the basis of all structured information. The factoring company's policy used for this can be fully configured via the integrated decision engine.

    • Automated generation of contract documents

      If a positive application decision is made, the contract document is generated via the integrated output management and made available to the factoring client digitally.

    • Digital provision of documents

      All documents required by the factoring client (powers of attorney, balance sheets, etc.) can be provided by the client in digital form.

    • Legitimation of authorized signatories and QES

      The authorized signatories defined for the signature of the contract document can legitimize themselves in different ways. Post-Ident, Bank-Ident, Video-Ident or Auto-Ident can be used for this purpose. After successful legitimization, the signature is made via a qualified electronic signature (QES), the process of which is fully orchestrated by the solution.

    Modular, independent solutions in the factoring client onboarding environment

    Philipp Oberleitner
    Managing Director Sales & Marketing

    Enrico Moritz
    Head of Business Development
    +49 89 78 000-200
    Bernardo Almenar
    Head of Account Management
    + 49 89 78 000-200
    Philipp Oberleitner
    Philipp Oberleitner
    Managing Director Sales & Marketing

    Enrico Moritz
    Enrico Moritz
    Head of Business Development
    +49 89 78 000-200
    Bernardo Almenar
    Bernardo Almenar
    Head of Account Management
    + 49 89 78 000-200
    NAVAX Software GmbH will never sell, market or disclose personal information to third parties.
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