Factoring Suite

IMS factoring suite is considered as the top software solution in the Greek market. It is developed with the use of high quality standards such as ISO 9001 for implementation, auditing, certification and maintenance for information systems with main goal to cover the needs of a Factoring company but also to provide services that will help increase the product's development in the market and decrease the cost of the services given.The platform that the software is developed on is coming from the SAP family since 2010 and it is a Tailor made product with minimal costs.

IMS factoring suite quality

IMS factoring suite components:

IMS has invested in the quality of the product that is certified by:
• Nine (9) active installations in the local market and eleven (11) years of succesfull use.
• The active installations in countries inside and outside of the euro zone.

Geografical place	Country	Installation No	Status
Local market	Greece	9	live run
Local market	Greece	10	In progress
Out of euro zone	Cyprus	1	live run
Out of euro zone	Serbia	1	live run

• The methodology used for the implementation of the software is by the stantards of SDM (Software Development Methodology)
• The methodology of the management-observation of intime development projects PAM (Project Audit Methodology)
• Its certification process.

IMS fs (Core Application), a client-server application covering all the operational needs of a factoring department or company.
IMS efs (Web Application), publishes all the necessary information to the Internet 24/7 with minimum operative cost. This web application informs the factoring clients about their financial status and allows them to automaticaly input the invoices and credits to the core application. Presents data to clients in a format that internet users are accustomed to viewing.

Key Benefits:

• Supports any type and size of portfolio, including accounting Functionality.
• Extremely fast and stable.
• Solves complex accounting problems.
• Open architecture and Unicode system in order to communicate with the web and banking applications in different languages.
• Paperless Process Giving your clients on-line and real-time access to the information.
• Eliminate phone calls, faxes and mails.
• Ability to exchange data with the client’s ERP system Integration with the core and the e-banking system

Innovations

• Direct retrieval of History info Multi currency application
• Insurance Contract Management between Factor and Insurance Company.
• Cross Selling Management for the bank’s network.
This module helps the marketing department to define targets and commissions for the bank’s network in order to motivate branches to promote factoring products.

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