Comarch Factoring BANKING. System for handling factoring transactions. Financial Services

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1 Comarch Factoring System for handling factoring transactions BANKING Financial Services

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3 Reasons to own Comarch Factoring To keep up with the times The system uses the latest available web-based technologies allowing our clients to access the platform any time from any place. Cover all factoring process areas with a cutting-edge IT solution. To be universal With a flexible modular structure, Comarch Factoring can be deployed in a variety of configurations. The system consists of inseparable core and optional modules, which allow for the extension of the system s functionality. The system offers support for the maintenance of the most popular factoring products: Full Service Factoring Reverse Factoring Purchase Order Factoring Invoice Discounting A/R Management without financing Import/Export Factoring Support for the maintenance of all desired factoring products and functionalities. * one solution integrating multi-channel customer service, communication and amazing user experience 3

4 To be easy to reach Comarch Factoring is a web-based application allowing the processing of factoring transactions by a factor, a customer or a debtor. Comarch Factoring is fully accessible via web (24h/7). * Provide your clients with exceptional day to day banking functionality Back-office system for factor employees Web portal for clients & debtors To be highly competitive Comarch Factoring offers complete coverage of all areas related to invoice factoring from request management to collections. Highly customizable wizards allow you to create different factoring products and modify them when needed. Product management is highly customizable. Comarch Factoring helps manage business processes connected with factoring. The system covers and automates the following processes: pre-selling processes client due diligence & rating request management handling factoring agreements invoice & transaction management A/R monitoring automatic notifications risk management collections. Administrative Module, Agreement Module, Pre-selling Module, Communication Module * effective transaction management with time and resources reduction 4

5 To spare costs & time Comarch Factoring offers quick and easy deployment of new functionalities and modules owing to the modularity of the platform, as well as automation of the most important and time-consuming business processes like: invoice purchase, repayment settling, A/R monitoring, making payments or recourse management. Mechanisms responsible for automation of all business processes are highly configurable. Comarch Factoring supports: automatic matching of repayments with existing invoices for full control of settlements submission via customer web portal (manually or from an XML and CSV file) submission via electronic data interchange platform (EDI interfaces) realization of all sorts of accounting operations connected with factoring transactions that take place in the system integration with external accounting systems or General Ledger. Transaction Module, Repayment Processing Module, Notification Module, Accounting Module 5

6 To have your business under full control Key functionalities: The system has flexible mechanisms responsible for generating client / debtor monitoring different types of reports (regular, cross-section, custom, transaction monitoring automatic reports). calculation of risk measures early-warning signals Reports can be generated with the use of different file formats reporting events exceeding the accepted risk level e.g. CSV, XML and PDF. The reporting tool is available for all holding up the transaction in specific cases. the users. Risk Management Module, Accounting Module The reporting module includes a mechanism enabling users to send automatically generated reports to a defined address with a specific frequency. To launch money transfers With Comarch Factoring, you have the ability to send money Comarch Factoring includes a powerful tool for reminders and transfers to your client current accounts. The process usually notification management with the user-defined notification takes a few days. Comarch Factoring helps you automate content, event type, and generation parameters. transfers by assigning individual funding conditions to each client. The system automatically transfers money to selected clients when specified funding conditions are met. Reporting Module, Notification Module, Accounting Module Such an approach toward trusted clients leads to reduction of operational costs and improvement of client satisfaction. To minimize risk Comarch Factoring provides you with a set of tools that help control risk - your factoring business is constantly monitored and protected by automatic and configurable mechanisms. 6 Risk Management Module, Accounting Module

7 To be in touch Comarch Factoring has a mechanism for the automating and ensuring consistent communication between participants of the factoring process. Communication channels: text message exchange via inbox at all portals SMS fax. Multichannel Communication Module To ensure safety The system enables high quality, state-of-the-art protection mechanisms based on world-class standards. SSL3.0 PKI management tokens site certificates microprocessor cards with PKI for user authentication and authorization of transactions. Comarch Factoring includes User Management Module to manage users, security polices, and access. To make you global Comarch Factoring provides multi-currency and multi-language support to make your business global. Comarch Factoring can be easily used by international groups on various international markets. The system handles repayments, reporting, transaction accounting, transaction in the most popular currencies, as well as servicing all bank accounts on the international level. Main functions: user identification authentication authorization full accounting single sign-on organizational structure support for creation of virtual organizations central user and privilege management through a multilevel set of groups and roles user roles. * easy integration with your business & technology Security Module, User Management Module 7

8 Poland Headquarters Comarch SA Al. Jana Pawła II 39a Krakow Phone Fax Germany Comarch Solutions GmbH Pfalzburger Straße Berlin Phone Fax Ukraine LLC ComArch 18/7 Kutuzova Str Kiev Phone Fax Austria Comarch Solutions GmbH Nußdorfer Lände 23 A-1190 Wien Phone Fax Belgium Comarch AG Avenue Louise 65 B-1050 Brussels Phone Fax benelux@comarch.com France Comarch Paris Tour Egée 9/11 Allée de l Arche La Défense Courbevoie Cedex Phone Grand Duchy of Luxembourg Comarch Luxembourg S.a R.L. Route d Arlon 23 L-8008 Strassen Phone luxembourg@comarch.com Russia Comarch OOO 4th Lesnoy Pereulok, room Moscow Phone , Switzerland Comarch Swiss AG Ledergasse Luzern Phone United Kingdom Comarch SA One Kingdom Street Paddington Central London W2 6BD Phone Fax Comarch is a leading Central European IT business solutions provider specializing in forging business relationships that maximize customer profitability while optimizing business and operational processes. Comarch s primary advantage lies in the vast domain of knowledge accumulated in and applied to our software products. These products incorporate highly sophisticated IT solutions for businesses in all vertical sectors. Comarch has a multinational network of offices employing over 3300 highly-experienced IT specialists in Europe, the Middle East and the Americas. Comarch Spółka Akcyjna with its registered seat in Kraków at Aleja Jana Pawła II 39A, entered in the National Court Register kept by the District Court for Kraków-Śródmieście in Kraków, the 11th Commercial Division of the National Court Register under no. KRS The share capital amounts to ,00 zł. The share capital was fully paid, NIP Copyright Comarch All Rights Reserved. No part of this document may be reproduced in any form without the prior written consent of Comarch. Comarch reserves the right to revise this document and to make changes in the content from time to time without notice. Comarch may make improvements and/or changes to the product(s) and/or programs described in this document any time. The trademarks and service marks of Comarch are the exclusive property of Comarch, and may not be used without permission. All other marks are the property of their respective owners. EN