Factoring

If you want to use factoring companies in your Load Manager TMS we have you covered! Here is all you need to know about using factoring companies in your Load Manager Platform: 

Add a Factoring Company

In your Load Manager TMS Platform, click on the All Loads tab.  In the sub menu click on Factoring. 

In this screen you will all the factoring companies you have added to your platform. 

To add a new factoring company click Add New. 

After you fill out the factoring company's basic information you need to decide how you want to fill out the Remit information.  You have to options. 

1) You can choose to enter or paste your own text in the remit text box, or

2) You can select Auto Fill.  Selecting Auto Fill will give you a default Notice of Assignment that you can customize.

Whatever you choose make sure that  "Display on Invoice" is check to have the Remit information appear on relevant customer invoices generated in the Load Manager System.   

 

Click Save.

Assign Factoring Company to Customer.

Under Customer Tab, Select the Customer you want to modify.  

In the customer profile, Select the Factoring Company from the drop down list next to "Factoring Company".  The rest of the fields will autopopulate based on the Factoring Company's Profile.  

Click Save.  You are all done!

Assign Factoring Company to Customer.

Under Customer Tab, Select the Customer you want to modify.  

In the customer profile, Select the Factoring Company from the drop down list next to "Factoring Company".  The rest of the fields will autopopulate based on the Factoring Company's Profile.  

Click Save.  You are all done!

Here is an example of what the notice of assignment for your factoring company will look like on an invoice. 

Set Factoring Fee

Go to the Settings Tab. Click on "Configurations Options" in the sub menu. 

At the top of the System Setup Screen look for "Automatic Factoring Fee?" 

Check the Check Box next to it.  Then put in your factoring fee percentage. 

Click Save.  Your all set!

  

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