Wisefish Factoring

With Wisefish Factoring, companies can create factoring transaction files to upload to their bank or credit institution.

About factoring  

The factoring functionality means that the credit institution or the bank purchases your company's accounts receivable, thus taking over the responsibility for the invoices being paid. In practice, this means that your company will get 80-90% of accounts receivable right away, freeing up capital and increasing liquidity. The remaining 10-20% is paid when the customer has paid the invoice in full to the bank, minus the bank's fees and interest. 

The first step towards factoring for your business is to enter into a factoring agreement with your credit institution or bank.  

Benefits

Creates factoring transactions files that are ready to be uploaded to the factoring company’s internet portal.
Supports DNB, SG Finance and Sparebank 1.
Setup wizard is included.

If integration to a credit institute or bank not listed above is desired, please contact Wisefish.

Supported Editions

This app supports both Essential and Premium editions of Microsoft Dynamics 365 Business Central.

Supported Countries:

Norway.

Supported Languages

Norwegian, Bokmål (Norway) and English (United States). 

Wisefish Norway Factoring

by Wisefish