Creating a New Factoring Agreement

To create a factoring agreement, navigate to Agreements in the Role Centre (refer to Picture 2). This will open the Agreement List page, where you can find all your factoring agreements that are not closed. To create a new agreement, click on the New action button (refer to Picture 3).

Factoring Agreement Card

When you create a new agreement, a factoring agreement card will appear. This card is divided into 7 sections: Factoring Agreement, Client – Vendor (or Client – Debtor in case of Reverse Factoring), Debtors (or Vendors in case of Reverse Factoring), Guarantors, Totals, New Invoices, Open Invoices, Archived Invoices, and Documents. Some sections have a ‘Show More’ feature that displays additional fields on the page (refer to Picture 4).