ef3:

From start-ups to global players.

Even factoring providers grow and develop. When starting out, they may need to handle smaller volumes of data and require a limited number of additional functions. However, this all changes once they establish themselves as a factoring institute or corporate group – with mass data and automation becoming increasingly interesting. ef3 covers precisely these varying client requirements.

Find the perfect solution

for your requirements.

  • ef3 is the perfect solution for processing your factoring data. It provides you with informative data for efficient receivables accounting – but also for targeted controlling of factoring customers and long-term strategy planning.
  • With ef3, even highly complex factoring models can be mastered professionally. Due to the special performance, even large volumes of data can be processed efficiently and reliably. You want to act in an international environment? Then ef3 is the first choice for you.
  • You can expand the features of ef3 flexibly through numerous modules, interfaces and unlock keys. The modules we offer are self-contained add-ons that we enhance and update continuously.
  • Integrated subledger accounting
  • Freely definable charts of accounts
  • Full process transparency
  • Certification according to IDW PS 880
  • Robust audit trail thanks to traceability right down to individual item level
  • Modular feature enhancements
  • In-house factoring
  • Country specific language customisation
  • Multi-currency support
  • Maximum automation
  • Replication of country specific business processes
ef3 performance features
  • Integrated subledger accounting
  • Freely definable charts of accounts
  • Full process transparency
  • Certification according to IDW PS 880
  • Robust audit trail thanks to traceability right down to individual item level
  • Modular feature enhancements
  • In-house factoring
  • Country specific language customisation
  • Multi-currency support
  • Maximum automation
  • Replication of country specific business processes

ef3:

all the benefits at a glance.

Usability

ef3 offers an unparalleled level of user friendliness. Thanks to its clear and simple structure it is quick and easy to navigate. You can also use search dialogues to filter the vast amount of data underlying any area. There are also numerous memo fields for notes, and you can drill down intuitively into any area they want simply by double-clicking.

Global readiness

ef3 will support you in your international business. You can decide whether you want to handle foreign debtors directly or use the help of a factor partner.

You can also send your business partners documents and reports in their own language.

Automation

Professional factoring software like ours is built around automation. It allows recurring processes to run independently from the user. Bulk data can be imported and accounting data exported. And tasks can be batch processed, with event notifications and reports keeping you up to speed on everything.

Transparency

It doesn’t get any more in-depth than this. ef3 replicates each item individually (invoice, credit note, payment, special postings) and a large amount of information is stored within each item. The item history represents the complete lifecycle of the item – from its receipt posting to its revision history.

Risk monitoring

ef3 helps you monitor risks actively and respond promptly to signs. Special reports, dialogues and event actions reveal risks and make it easier for you to take quick action in sufficient time.

Flexibility

ef3 gives you the freedom to cater for your particular customer’s specific needs. Our factoring application adapts to market requirements, meaning you always have an up-to-date system for your factoring model.

Customisation

Choosing to invest in ef3 gives you a solid software basis for your business – and is definitely a wise long-term decision. However, ef3 also gives you the capability to customise the software to suit your factoring model.

You can count on us when it comes

to supporting these factoring types.

These are just some of the factoring types you can replicate with ef3:
  • Full-service factoring
  • Revolving factoring
  • Domestic factoring
  • Export and import factoring
  • Recourse and non-recourse factoring
  • Reverse factoring and supply chain finance
  • Invoice finance and discounting
  • In-house factoring (ef3premium)
  • Maturity factoring
  • Asset-based lending
  • the list goes on…

Stay curious:

Discover more topics here and get an insight into the world of efcom.

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