Factoring Software
Preferred Vendor
of the
International Factoring Association
of the
International Factoring Association
Learn exactly what your
business needs before making a software decision:
business needs before making a software decision:
10 Key Points to Look for in Factoring Software
($9.95 value)
Free!
($9.95 value)
Free!
Free Intro Video
800.509.6088
for factors and their clients
We are often asked how FactorFox is different from other factoring software.
Basics
Engine
Program location
Software Installation
User Accessability
Backup
Home page
User Modules
Free Demos
Free 30 day trial
IFA Preferred Vendor
Engine
Program location
Software Installation
User Accessability
Backup
Home page
User Modules
Free Demos
Free 30 day trial
IFA Preferred Vendor
WinFactor
MS Access 2003
Program & data reside on
user’s hard disk
Installation required for
each computer
Must use a computer
with WinFactor installed
User backup required from
hard disk
Buttons in a grid link to
entry pages on home page only.
No thumbnail summaries
Factor
Yes -- full use of data base
Yes -- full use of data base
No
MS Access 2003
Program & data reside on
user’s hard disk
Installation required for
each computer
Must use a computer
with WinFactor installed
User backup required from
hard disk
Buttons in a grid link to
entry pages on home page only.
No thumbnail summaries
Factor
Yes -- full use of data base
Yes -- full use of data base
No
FactorFox
MS SQL Server
Program & data reside on
FactorFox servers
No installation needed, just log in
Use any computer with high speed internet
Daily backup at server level;
user backup unnecessary
Menu links to all pages, from all pages.
Thumbnail summaries of:
> New Schedules
> New Customers
> A/R Summary
> Receipts
> Rebates Due
> Reminders
> Flagged Invoices
> Chargebacks
> Recourse Items
Factor
Client
Consultant
Lender
Accountant
Participation
Yes -- video demos
Yes -- full use of data base
Yes -- 2 extra months free
use for IFA members
MS SQL Server
Program & data reside on
FactorFox servers
No installation needed, just log in
Use any computer with high speed internet
Daily backup at server level;
user backup unnecessary
Menu links to all pages, from all pages.
Thumbnail summaries of:
> New Schedules
> New Customers
> A/R Summary
> Receipts
> Rebates Due
> Reminders
> Flagged Invoices
> Chargebacks
> Recourse Items
Factor
Client
Consultant
Lender
Accountant
Participation
Yes -- video demos
Yes -- full use of data base
Yes -- 2 extra months free
use for IFA members
Documentation/Help
User Guide
Training videos
User Guide
Training videos
WinFactor
25 page Word document;
No entry pages screen shots
None
25 page Word document;
No entry pages screen shots
None
FactorFox
200+ page PDF file within program;
Numerous screen shots
Numerous online videos for factor, client and consultant modules
200+ page PDF file within program;
Numerous screen shots
Numerous online videos for factor, client and consultant modules
Data Entry
Schedule entries
Email notification
to factor of new
schedule from client
Email notification
to client of schedule
approval by factor
Export to QuickBooks
Schedule entries
Email notification
to factor of new
schedule from client
Email notification
to client of schedule
approval by factor
Export to QuickBooks
WinFactor
Entry onto hard drive by factor only
None
Manually sent as normal email
Yes, via .iif files
Entry onto hard drive by factor only
None
Manually sent as normal email
Yes, via .iif files
FactorFox
Online schedule entry by client or factor
Automatically sent to factor
Optionally sent automatically to client by factor
Yes, via .iif files
Online schedule entry by client or factor
Automatically sent to factor
Optionally sent automatically to client by factor
Yes, via .iif files
Reporting
Reports & accessability
Reports availability
Report formats saved as:
Reports & accessability
Reports availability
Report formats saved as:
WinFactor
Over 150 reports in one list
Reports must be manually
uploaded to net at extra cost or manually emailed/faxed to clients
Excel
Word
HTML
PDF*
*PDF print driver required ($9.95)
Over 150 reports in one list
Reports must be manually
uploaded to net at extra cost or manually emailed/faxed to clients
Excel
Word
HTML
PDF*
*PDF print driver required ($9.95)
FactorFox
Multiple reports, divided by category; each report has filters for quick reports selection
No report upload needed; no extra cost; users just log in.
Online reports 24/7 for :
Factor
Clients
Consultants
Lenders
Accountants
Participants
PDF*
HTML
Excel
Excel 2007
Excel XML
CSV
HTML
Web Archive
Text
Rich Text
Word 2007
*Nothing extra required
Multiple reports, divided by category; each report has filters for quick reports selection
No report upload needed; no extra cost; users just log in.
Online reports 24/7 for :
Factor
Clients
Consultants
Lenders
Accountants
Participants
PDF*
HTML
Excel
Excel 2007
Excel XML
CSV
HTML
Web Archive
Text
Rich Text
Word 2007
*Nothing extra required
Other Features
Document Sharing
Consultant Features
Document Sharing
Consultant Features
WinFactor
Optional integrated scanning
for additional cost;
scanner required
None; reports must be
manually sent to consultants
Optional integrated scanning
for additional cost;
scanner required
None; reports must be
manually sent to consultants
FactorFox
DocuFox built in; clients/factor
share files with one-click upload
Consultant module included.
Online reports available 24/7
to consultants via log in
DocuFox built in; clients/factor
share files with one-click upload
Consultant module included.
Online reports available 24/7
to consultants via log in
Data Limits
Number of Clients
Number of Customers
Number of Discount
Rates
Number of Clients
Number of Customers
Number of Discount
Rates
WinFactor
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
FactorFox
Unlimited
Unlimited
Unlimited; 4 Quick-Calc boxes for instant creation of new rates
Unlimited
Unlimited
Unlimited; 4 Quick-Calc boxes for instant creation of new rates
Customer Support
Toll-free 800 #
Support
Lease/Subscription
Payments
Toll-free 800 #
Support
Lease/Subscription
Payments
WinFactor
No
Up to 3 hours online/phone
support for first 45 days only.
Payment required
thereafter for support
Annually
No
Up to 3 hours online/phone
support for first 45 days only.
Payment required
thereafter for support
Annually
FactorFox
Yes
Phone/email during business hours whenever needed.
Included in subscription cost
Choice of:
Annually
Semi-annually
Quarterly
Monthly
Yes
Phone/email during business hours whenever needed.
Included in subscription cost
Choice of:
Annually
Semi-annually
Quarterly
Monthly
Prices
No-risk Guarantee
Support Costs
.
.
Annual lease/
subscription
Set up/training charge
Optional features:
Integrated Scanning
Set up fee
Manual Web reports
upload
Set up fee
MS SQL Server version
Data conversion & Set up fee
Additonal costs
Total initial annual cost:
1 User
2 Users
3 Users
4 Users
1 User
2 Users
3 Users
4 Users
No-risk Guarantee
Support Costs
.
.
Annual lease/
subscription
Set up/training charge
Optional features:
Integrated Scanning
Set up fee
Manual Web reports
upload
Set up fee
MS SQL Server version
Data conversion & Set up fee
Additonal costs
Total initial annual cost:
1 User
2 Users
3 Users
4 Users
1 User
2 Users
3 Users
4 Users
FactorFox
Yes
Phone/email during business hours whenever needed.
No time limits
No extra support charges
$1,595/year subscription -- 4 users
$0
$0 - DocuFox built in
$0
Manual web uploads not needed
$0
$0 - Online features built in
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
Yes
Phone/email during business hours whenever needed.
No time limits
No extra support charges
$1,595/year subscription -- 4 users
$0
$0 - DocuFox built in
$0
Manual web uploads not needed
$0
$0 - Online features built in
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
$1,595, support included
WinFactor
No
Up to 3 hours online/phone
support for first 45 days only.
Then: Support @ $130/hr
in 1 hour increments
Or: Minimum of 4 hrs. prepaid support @ $80/hr in 1/2 hr increments
$550/year lease for 1 user
+ $110/year per additional
user (4 users = $880/year lease)
$350 -- one-time (required)
Extra 20% of annual lease
$125
Extra 20% of annual lease
$125
Extra 20% of annual lease
$2500
+ Hardware server
+ MS SQL license
Without MS SQL verson:
$1,370 + support
$1,524 + support
$1,678 + support
$1,859 + support
With MS SQL version & scanning (add Server + MS SQL license to each):
$3,749 + support
$3,899 + support
$4,053 + support
$4,156 + support
No
Up to 3 hours online/phone
support for first 45 days only.
Then: Support @ $130/hr
in 1 hour increments
Or: Minimum of 4 hrs. prepaid support @ $80/hr in 1/2 hr increments
$550/year lease for 1 user
+ $110/year per additional
user (4 users = $880/year lease)
$350 -- one-time (required)
Extra 20% of annual lease
$125
Extra 20% of annual lease
$125
Extra 20% of annual lease
$2500
+ Hardware server
+ MS SQL license
Without MS SQL verson:
$1,370 + support
$1,524 + support
$1,678 + support
$1,859 + support
With MS SQL version & scanning (add Server + MS SQL license to each):
$3,749 + support
$3,899 + support
$4,053 + support
$4,156 + support
Below is a chart which compares FactorFox with WinFactor, a competing software program used by some factoring companies.
FactorSoft and FactorSQL are not included in this chart because their prices start at $8,000 and $12,000 for initial purchase, with additional features extra.
Scroll down to see the entire chart.
FactorSoft and FactorSQL are not included in this chart because their prices start at $8,000 and $12,000 for initial purchase, with additional features extra.
Scroll down to see the entire chart.
