Cync's flexible configuration allows for the creation of multiple fee schedules that are assignable at the client level or uniquely to individual debtors. Invoices are run through a validation process to ensure they meet all acceptance criteria for the client. An email can be automatically sent to a debtor to easily enter verification information online. If needed, ineligible invoices can be researched and overridden. An auto funding feature is also available as long as certain conditions are true.
Cync Factoring covers the entire Portfolio Management process which includes uploading and validating invoices, verification letter tracking, calculating and recording advances as well as reserves and fees. Additionally, it supports cash batch entry, tracks reserve balance activity upon payment processing and has export capabilities to your accounting general ledger. Accounting can be defined as cash or accrual basis.