Factoring

Factoring

Load Manager supports factoring companies. When a factoring company is configured and assigned to a customer, the factoring remit information will automatically appear on relevant invoices.

Add a Factoring Company

  1. Go to All Loads in the main menu.
  2. Click Factoring in the submenu.
  3. Click Add New.
  4. Fill in the factoring company's basic information.
  5. In the Remit section, choose one of the following:
    • Enter custom text: Type or paste your own remit-to language directly into the text box.
    • Auto Fill: Select Auto Fill to use a default Notice of Assignment that you can customize.
  6. Make sure Display on Invoice is checked so the remit information appears on customer invoices.
  7. Click Save.

Assign a Factoring Company to a Customer

  1. Go to the Customers tab and open the customer's profile.
  2. Select the factoring company from the Factoring Company dropdown. The remaining fields will populate automatically.
  3. Click Save.

Set an Automatic Factoring Fee

  1. Go to Settings >> Configuration Options.
  2. Find Automatic Factoring Fee and check the box.
  3. Enter your factoring fee percentage.
  4. Click Save.

When this setting is enabled, the factoring fee will automatically apply to loads where a factoring company is in use.

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