This is written for the factor choosing a platform to run its own book on: the owner, the chief operating officer or the controller who has been asked to produce a shortlist. It is not for a business looking to sell its invoices. If that is you, the company you want is a factor, and quite possibly one running software on this list.
We make one of these products, so read what follows knowing that. Every statement about another vendor comes from that vendor's own public material, or from reporting we cite on our comparison and migration pages, checked in August and September 2026. Where a competitor is the better answer for a particular operation, we say so, and we name our own gaps.
How to judge factoring software
Most factoring software demonstrates well on a good day. These criteria separate platforms on a bad one, and each can be tested in a working session.
Finance types covered. Invoice factoring alone, or asset based lending, purchase order finance and reverse factoring on the same record. Two systems for two products means two versions of your exposure to one debtor.
The ledger. Whether the platform keeps a real double entry general ledger, or records transactions and leaves the accounting to a separate package. It decides whether your client statement agrees with your books without somebody making it agree.
AI and evidence. Almost every vendor of AI factoring software now describes some form of AI. The useful question is whether a conclusion opens onto the records that produced it, and whether the software can move money without a person. It should not.
Monitoring. Whether concentration, dilution, debtor payment behavior and covenants are watched as the book moves, or calculated when somebody remembers to run a report.
Integrations, with status. A page of logos is not a register. Ask which connections work today, which need your own vendor contract and keys, and which are planned.
Deployment. Installed, hosted by the vendor, or built on a general accounting product. Each has consequences for who holds your data and how you get it back.
Security posture, stated plainly. Which certifications the vendor holds today, with a report you can read under a confidentiality agreement, and which are still in progress.
Pricing transparency. Whether a price is published at all, and which variable it moves with when your book grows.
Migration. What you can extract from your current system, in what form, and whether the new vendor will re price a sample of your settled invoices and show you every difference before you sign.
The platforms
FactorFox
FactorFox is built for the institutions that fund: factors, asset based lenders, purchase order funders and specialty finance companies. It launched in 2002 as the first cloud platform built specifically for factoring companies, and serves over 100 organizations across North America, Latin America, Europe, Australia and South Africa. It describes itself as AI native and is model agnostic by design, so the model doing the work can be replaced when a better one ships without a migration project.
What it states: invoice factoring software, asset based lending, purchase order finance and reverse factoring on one platform. A true double entry general ledger, where fundings, fee accruals, reserve movements, chargebacks and cash application post against the client, the schedule and the obligor, and the client statement is generated from that ledger. Briefings that answer six fixed questions for each person's responsibility, with the evidence behind every answer. Continuous underwriting on every material event. Borrowing base and covenant monitoring, with days to breach on the current trajectory. The machine may stop money on its own authority, and only a named person may let it through, with four eyes by default. QuickBooks Online and Xero are available on the integration register, approvals inside Microsoft Teams are in controlled release, and there is a white label client portal and a Capital Network for buying and selling participations with other factors.
The gaps, stated as plainly. FactorFox publishes no price. It quotes on a call against the shape of your book. It holds no security certification today: a SOC 2 program is in progress with completion targeted for the end of 2026, and there is no report yet. Reading a facility agreement into covenants is in development rather than in the product.
Best fit: a funder that wants intelligence, ledger, monitoring and approvals in one place across more than one finance type, and wants every conclusion to carry its evidence. See how we compare and what AI native means here.
FactorSoft (Jack Henry)
FactorSoft was built by Bayside Business Solutions of Birmingham, Alabama, founded in 1998, which Jack Henry & Associates acquired in July 2015. The acquisition announcement described CADENCE as a commercial portfolio management platform supporting factoring through asset based loans, including the solution formerly branded FactorSoft. Jack Henry's commercial finance pages today present the product as FactorSoft, sold to banks and commercial lenders for factoring, invoice discounting, asset based lending and other commercial finance.
Jack Henry describes a built in general ledger toolset with trial balance and accounting reports and export to accounting systems, a web portal released in May 2021, and FactorSoft Document AI, which adds artificial intelligence to optical character recognition for invoice processing. Pricing is not published. It is a capable transactional platform, a lot of good books run on it, and depending on the installation an operator may have direct database access to its own records.
Best fit: a bank that already runs Jack Henry for core processing and values keeping commercial finance under one vendor relationship and one due diligence file. Compare the two on our Cadence comparison, and if you run it today, read switching from FactorSoft.
WinFactor (now owned by Lendscape)
WinFactor is a cloud platform with real depth in freight. It states that its software runs on the vendor's cloud infrastructure, so you need no servers of your own. It publicly describes a large library of default reports, a reporting interface intended for business intelligence tools, client facing financial exports through the portal and batch payment file generation. It also publishes a conversion page that names the balances its importer reconciles, which is a more specific public commitment than most vendors in this category make. In October 2025 WinFactor announced it had been acquired by Lendscape, and stated that existing customers would continue to receive the same support and service.
Best fit: a transportation factor that wants a hosted platform built around freight workflow. After a change of ownership, ask for the roadmap and support model in writing. See moving off WinFactor.
Lendscape
Lendscape Limited, of London, formerly HPD Lendscape, sells to banks and financial institutions across many markets. Its stated finance types are broad: factoring, international factoring, invoice discounting, invoice level finance, asset based lending, syndication, supply chain finance, construction finance and asset finance, among others. It is hosted by the vendor. On AI, it describes its asset finance product as AI ready, and in June 2026 launched a connection from lenders' systems to AI assistants for equipment finance. It states ISO 27001, SOC 1, SOC 2 and FSQS. Pricing is not published.
Best fit: a bank or large institution whose vendor policy requires certification reports in hand today, or whose book depends on supply chain finance, international factoring or asset finance. On certification specifically, Lendscape is ahead of FactorFox today. See the Lendscape comparison.
FactorCloud
FactorCloud is a modern cloud platform that documents its product publicly and in unusual detail, with an open support site and dated release notes running into 2026. Its entity model treats clients, brokers, debtors and vendors as separate types, with per client and per debtor overrides on terms and granular permissions per entity. Fee escrow, over advances and multi currency appear in its 2026 release notes. As published in August 2026, it offers two tiers, with open API access and custom data retention policies listed in the Enterprise tier rather than the Standard tier.
Best fit: an operator who wants to read the product's documentation before a sales call, and a book where brokers need to be records in their own right. Establish which tier holds your route to your own data before you commit. See moving off FactorCloud.
FactorView
FactorView is a focused browser based platform that has served this industry since 2012, and operators who run on it tend to like the directness of it. Its published feature list covers invoices and verifications, reserves, unlimited rebate schedules and fee types, automatic chargebacks, purchase limits per client and credit limits per debtor, aging and dilution trends, and a client portal. Its published terms state plainly that you retain ownership of the data you put into it, which most vendors in this category do not say at all. Its integration list covers credit, verification and payment partners. No accounting integration is named, so on many books the ledger lives in a separate package.
Best fit: a smaller factor that wants a direct, focused tool and keeps its accounting elsewhere. A small focused vendor often gives an operator closer access to the people who build the product. See moving off FactorView.
FactorAvenue
FactorAvenue presents a broad feature surface and runs one of the better content operations in this category. Section 7 of its published terms states that you retain ownership of your business data. Its integrations page describes REST based APIs with webhook support, and names QuickBooks, Xero and Creditsafe among its partners. It describes cash posting, allocation and reconciliation, with ledger entries synchronized into QuickBooks, and we found no claim of a general ledger of its own. It is marketed as AI powered. Its homepage says SOC 2 Ready Infrastructure and ISO 27001 Aligned Practices, which, like FactorFox's own position, is not a certification claim.
Best fit: a factor that keeps company accounting in QuickBooks or Xero and wants a broad feature set on a hosted platform. See moving off FactorAvenue.
Dancerace
Dancerace, of Bath, England, has been in business since 1992. Dancerace OS comprises c3 Backoffice Control, e3 Client Access, f3 Client Onboarding and r3 RiskOps, sold to banks and lenders. Its stated lending types include loans, invoice discounting, spot invoice finance, factoring, construction finance, recruitment finance, reverse factoring and asset based lending. It offers full cloud hosting, describes intelligent automation for everyday tasks, takes client data from accounting systems through open accounting, and states an API. It shows SOC 1, SOC 2, ISO and FSQS marks, and has long standing teams in the UK and Australia.
Best fit: a UK or Australian bank or lender with recruitment, spot or construction finance books, or one that needs certification marks today. See the Dancerace comparison.
XEN
XEN, from Xen Inc. of New York, is sold to factors and commercial lenders for origination, underwriting and servicing. It publishes a free tier and a Pro tier with self sign up, describes AI powered analysis including document data extraction, and is white labeled with unlimited users. Its named partners include Plaid, Creditsafe, TransUnion, Salesforce and QuickBooks. In January 2026 SFNet reported that PRN Funding had selected XEN as its end to end factoring software platform.
Best fit: a new or very small factor that wants to try software on its own the same afternoon, without sitting through a demonstration. FactorFox does not offer that. See the XEN comparison.
SOFT4Factoring
SOFT4Factoring comes from Softera Baltic, UAB, of Kaunas, Lithuania, and is built on Microsoft Dynamics 365 Business Central in Essential and Premium editions. It is sold to small and medium sized factors, covering recourse and non recourse factoring and reverse factoring, with financial accounting through Business Central included in the license. It describes automation of key factoring processes with invoice OCR. It publishes per user pricing in euros, with setup and support fees, and states ISO 27001 certification.
Best fit: a factor already standardized on Business Central for company accounting that wants a published per user price and a certification in hand. See the SOFT4Factoring comparison.
How to run the shortlist
Pick three. Send each the same slice of your book and the same executed client agreement, and ask each for the same five things: a conclusion opened onto its evidence, live, on a figure you choose; a release refused because the requester tried to approve it; a screen with a data source switched off; the clause in the agreement that governs export on termination; and a re price of a sample of your settled invoices with every difference listed. The best factoring software for your operation is the one that survives that session on your book, not the one with the longest feature list.
The full method, including the committee, the tests and the contract clauses, is on how to choose. When you want to see what FactorFox says about your own book, request a demonstration.