The Faktori software family

The Faktori software family is a complete solution that enables effective, comprehensive management of domestic and international factoring activities.

The Faktori software family consists of two systems, the Faktori Core Program, which covers the administrative and operational activities of international and domestic factoring, as well as the Faktori Internet program, which allows the electronic submission and scanning of supplier accounts and customer payments and provides a real-time information about the transactions of factoring house or bank factoring clients.

Beacuse of its uniform surface It is easy to master (user-friendly) and thanks to the applied technology, it provides continuous operation (7/24), flexible parameterization and easy administration. Its toolkit runs in easy-to-understand way through processes and gives for  users quick,easy-to-navigate dialogs.

Modern business is a series of well-prepared decisions that require up-to-date information and data availability. The Faktori software family allows business managers to access the required analytical and aggregated information immediately. Applied science give solution in the long run to track changes in the information needs of a factoring house, to effectively extend the system.

Continuous reports to state institutions are necessary  during the factoring activity. The solution we provide fluently create a quarterly, annual and audited annual HFSA report as well as the HNB report.

The Faktori software family is an OPEN SYSTEM, i.e. thanks to its XML surface it creates the connection among different software solutions created by various software houses and used by various departments. It is a solution, which makes the admission of numerous invoices and payments possible via Internet and enables the international communication via EDI. The application links to the evolved workflow, is flexible, easy to customise and set the parameters and thanks to its standard surface the introduction time can be minimised.

The Faktori core program functional architecture

Static data maintenance

  • Partner and agent data, financing contracts, contracts, agreements, fees, automatic fees, non-working days, exchange rates, interest
  • Handling of seller, refinancing, debtor and insurance limits, limit utilization and recalculation
  • Additional information on risk management (guarantee fund), warning checks
  • Factoring fee, interest marge, factoring fee + interest marge. Fee expenditures sharing between seller, debtor and partner factoring house.
  • Overdue monitoring(contract, limit, invoices)
  • Collection setup, 1st, 2nd and 3rd reminders and prepayment withdrawal. Reminder letters have a customizable template
  • Factoring types: Domestic recourse factoring, Domestic non recourse factoring, Domestic "For collection only", Domestic maturity factoring
  • Invoice services
    • Invoice input manual and electronic
    • Electronic invoice – Excel files – can be uploaded, the program will automatically read the containing data (scanned files are not supported)
    • Invoice approval – „4-eyes” inspection
    • Complete handling of Credit notes, Counter claims
    • Financing invoices (also automatically)
    • Prolong invoices – individual or invoice-groups
    • Transfer of one invoices from refinancing to own financing (and visa versa)
    • Closing expired, withdrew invoices.
    • Complete overview of every accepted invoice, their transactions, prepayments, payments, fees, disputes, interests, limit, etc.
    • Separate reports for accepted, open, closed, expired, not financed invoices, counter claims
    • Non-due interest report
    • Cumulated seller-debit report
  • Statistics, HFSA, HNB report, accounting
  • VIR
  • Multi-language, multi-currency
  • Automatic logging
  • History

Faktori Internet



The client (seller or debtor) can query up to date reports using the Faktori-internet module with a WEB-browser. The seller can also upload their invoices, in the same way as if they were sent by e-mail and uploaded into the Faktori back-office system.

The user administration currently is in the Back Office application, this can optionally be altered, so existing WEB usernames and passwords can be used for user authentication and authorization.

After a succeeded login, the screen is displayed:

  • Balance
  • Non Processed Payments
  • Uploaded invoices collections

Allow to use:

  • File upload (xlsx, csv)
  • Reports (All reports can be selected for HTML, PDF or Excel output)
    • Statement replacement
    • Periodic statement
    • Invoice details
    • Sellers and Debtors limit utilization
    • Unsettled invoices report – per seller
    • Overdue invoices report – per seller
    • Not advanced report
    • Age analysis report
    • Monthly statistics

Most important technical features

  • Currently supported web browsers:
    • Internet explorer 8+
    • Chrome 16+
    • Firefox 13+
    • Safari 5+
  • Language:
    • Hungarian
    • English
  • Custom design and function.

Faktori other application specifics

  • Multi-user, client-server architecture
  • Oracle database
  • Optimally automated processes
  • Quick Customization by means of parameter settings
  • Unified graphic user interface
  • Automatic logging
  • Ability for Multilanguage interface (per user)
  • WEB technology JSP, XML, AJAX
  • EDI (electronic data exchange)- international communication,
  • „ROLE-BASED” User permissions

Technical background

Programming language:
  • Oracle PL/SQL,Java (background process)
  • Delphi (graphic interface)
  • Java (Internet, Interface)
  • Microsoft Windows (windows 7,8,10)
  • ORACLE Kliens (11)
Database server:
  • Platform independent
  • ORACLE database 11gr2 / 12cr2 (Standard or Enterprise Edition)
WEB server:
  • Platform independent
  • Most application servers:
  • Jboss AS 
  • Oracle Internet Application server 
  • Glassfish
  • Oracle Weblogic Server
  • Tomcat application server
NET client:
  • Internet Explorer 8+
  • Google Chrome 26+
  • Firefox 23+
  • Safari 9+

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