Secure Online Payments
Mobile apps also provide secure platforms for you to make online payments, eliminating the need for manual check processing while reducing the risk of fraud or mistakes.
If the factoring company you partner with offers a mobile app, you can get real-time updates on the status of your invoices, allowing you to stay informed and make timely decisions about your finances.
Electronic Document Management
These applications also allow you to capture, format, store, and access important documents relating to your account, including invoices, contracts, or other financial records. With auto invoice creation features, you can also create invoices on the go, saving you time. Plus, if you want to submit more invoices for funding, you can do that through the app.
By using a mobile application, businesses can easily communicate with their factoring company and track their account status through messaging and notifications – streamlining the factoring process and overall experience for your company.
Additional Benefits of Factoring Company Mobile Apps
Some of the other benefits of choosing a factoring company that has an app include:
Trucking companies can see a complete history of their loads in one place
Trucking companies can add or edit loads easily, provide delivery updates, and navigate to assigned loads using Google Maps features
Some apps will have credit check capabilities, so you can vet potential customers before you agree to do business with them
Secure logins ensure all your information is protected
You can get faster funding by doing everything through your factoring mobile app
Much more than just helping you manage your factoring account, these apps are there to help ensure you are paid for your services faster and more efficiently.
Explore our Factoring Guide to find out more about invoice factoring and what additional benefits, like mobile applications, various factoring companies offer. Alternatively, you can request a complimentary factoring rate quote!