Clients say about us: When selecting a software solution we made a stake on the possibilities of 1C:Enterprise platform and vast practical experience of the Homnet Leasing team in completing the projects of developing and implementing information systems for Russian leasing companies. As a result we have got not only a reliable company management tool but also a solution that makes it possible to maintain a technology of working with the clients at a high European level.
Sergey Dianin General Director ARVAL, 2007

Homnet Leasing is bringing to market a new informational system for automation of factoring operations

10.09.2015

Company Homnet Leasing, a leading provider of leasing business automation software, announces release of Factoring software product intended for automation of operative, regulatory, and international accounting of factoring operations. The solution shall be available as an additional module to the functionality of industrial system Homnet Leasing 14 for leasing companies and as a stand-alone product Homnet Factoring for financial companies.

In the conditions of existing unstable political and economic situation financial companies have to take "anti-crisis" actions: look for new sales markets, cut costs, introduce new products, such as retail leasing and factoring. These actions require developed automation means.

Considering the needs of the Russian factoring services market, Homnet Leasing has developed a software product with high-quality functionality that does not require any upgrades during implementation and covers a wide range of activities of a modern financial company providing factoring services. During design and development of the Factoring software product Homnet Leasing specialists used the best industry methodologies and practices accumulated by the company during five years of in factoring business. The software functionality has been developed based on successful experience of project implementation in the following companies: Absolut Leasing, Cisco Capital, Caterpillar Financial, MAN Financial Services.

As of today the following functional possibilities have been implemented in the informational system for automation of factoring operations:

  • accounting of contractual relationships with Creditors and Debtors,
  • calculation of Debtors' payment schedules,
  • control of fulfilment of obligations by Debtors,
  • calculation of commission schedules for Creditors,
  • local and tax accounting, statutory reporting,
  • IFRS accounting and reporting.

Factoring software product has a number of advantages including: simplicity of implementation, flexible parameter set-up making it possible to take into account peculiarities of work with various Creditors and Debtors according to various schemes; automation of routine operations, time saving and reducing error probability resulting in improving accounting transparency, speed of operative reports generation, and employee efficiency increase.

"The decision on our company development and release of the new software product was based, first of all, on the real need of the factoring market in the availability of a high-tech automated system for accounting factoring operations. Factoring software is a must-have. Availability of an out-of-the-box solution makes it possible for leasing companies to reduce the terms of launching a new direction to several months and to be able from the very beginning to completely control the business process and obtain transparent reporting in Homnet Leasing 14 system", comments Dmitry Kurdomonov, Homnet Leasings Managing Director. "Factoring companies can get Homnet Factoring solution as a stand-alone, out-of-the-box product from a reliable supplier. The solution functionality is based on the advanced technologies used by our customers, factoring and leasing companies, as well as by the unique development technology "Industrial Approach" that has been applied to over one hundred of successful projects. It allows protecting the investments into the informational system and guarantees high level of development and functionality support quality.



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