Factoring software for client onboarding
A factoring company runs on a handful of systems, and most of them start once the client is on the ledger. Before that, someone reads the application, the chamber of commerce extract, the bank statements, and the sample invoices, and chases what is missing. Klarefi is the software for that step.
The software a factoring company runs on
Client onboardingKlarefi
Receives new client applications, reads the documents, and gets the file ready before credit review. This is where Klarefi works.
Factoring platform
Holds the client and debtor ledgers, buys invoices, and tracks advances, fees, and reserves.
Credit and debtor risk
Sets client and debtor limits and watches concentration, often with credit bureau data and credit insurance.
Verification and collections
Confirms invoices with debtors and follows up on payments that are due.
Payments
Pays out advances and matches incoming debtor payments to invoices.
Reporting
Reports on the portfolio to funders, auditors, and regulators.
What client onboarding looks like with Klarefi
A business owner applies for a facility through your intake link. Your requirements ask for six months of bank statements, and five arrive. Klarefi asks the owner for the missing month in the chat. The owner uploads it. Klarefi reads the statement, checks the account holder against the company registry, and adds it to the case file.
Your credit team opens a case file with every fact linked to the page it came from, the checks that passed and failed, and anything still unresolved. They decide on the client, and the case file reaches your factoring platform through the API or a webhook.
What to look for in client onboarding software
Every fact cites its source
Your credit team should see the page and quote behind each value, so a turnover figure or an account holder can be checked in one click.
It follows up with the applicant
It asks the business owner for missing and unclear items during the application, and the answers go into the same case file.
You set the requirements
You choose the facts each client type needs and the checks they must pass.
It hands off to your systems
The finished case file reaches your factoring platform through an API or webhook, with the sources attached.
Data stays in the EU
EU data residency by default, and the option to run it in your own cloud when your funders ask for it.
Your credit team decides
The software prepares the case and shows what is still open. The decision on the client stays with your team.
See a submission go from upload to review.
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