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Key Benefits
Factor LightningThe use of a factor is a very critical part of your business operation. You need your money as soon as possible in order to maintain a positive cash flow. Factoring can be expensive and sometimes too slow. This is why most factors promote the use of electronic invoicing by imposing an extra charge for every invoice submitted on paper. Electronic invoicing will eliminate these charges, which can add up to a lot of money. Electronic invoicing also speeds invoices to factors and funds back to you. Elimination of data entry helps to eliminate errors in the process and gives you a better credit rating. Factor Lightning integrates your invoicing system to your electronic factor invoices. As a stand alone application it will read data from your invoicing system and create electronic invoices and send them to your factor through the factor processes available. It is best used as part of EC Lightning where it is integrated with your EDI invoices. Factor Lightning works for both EDI and non-EDI retailers and can create both EDI and non-EDI invoice formats. Factor Lightning supports multiple dba's doing business with multiple retailers and using multiple factors.
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