Editor’s Note: Aditya Birla Minacs’ Shweta Verma, along with Ramesh Revuru, is participating in the 18th Annual Factoring Conference by the International Factoring Association (IFA) in Huntington Beach, California over April 18-21. Minacs is launching Factorin SaaS at the conference; make sure you catch up with them at Booth 21 for a demo!

A. Aditya Birla Minacs has delivered innovative technology and business solutions to clients both in the financial services sector, and their customers in manufacturing/distribution based industries, for over a decade. We are now set to launch Factorin SaaS. Factorin is a “Gen Next” Factoring product, which enables Factoring transactions to be performed with a “single” click. Using traditional Factoring systems, Factors spend large amounts of time performing transactions, which take resources and quality time away from their core business. With Factorin, most transactions are just a click away.

	Factorin: Factoring Business Transformed with a Single Click

Using the Factorin solution, Factors can now perform various transactions like invoice booking, payment disbursement, collection, and bill discounting transactions with just a single click. Factorin is a comprehensive corporate trade-focused suite of solutions which bundles business functionality, a growing library of versatile components, frameworks and tools, and professional solution integration services, to add significant value to our Factor, Financial Institution and Corporate Banking clients.

	Factorin: Web-enabled Business Solution for Invoice Booking, Payment Disbursement, Collection and More…

We take pride in sharing the fact that one of South Asia’s leading Factors uses Factorin to deliver Factoring services to its customers, driving 70% of the Factoring business in India.

A. We are looking forward to meeting leading Factors and consultants from across the globe. Overall, 650+ delegates are expected to attend the conference, which is a great opportunity for Minacs to showcase our award winning product. Visitors to our booth will have the chance to play our Factorin slot machine and win some great prizes too!!!

With the weakened global economy still recovering, there are many financial pressures that businesses are facing—more so in the midmarket. Factoring is particularly important for these firms since it helps manage cash flows and working capital. In that context, apart from our banking software platforms like Factorin or the TradeFree^TM suite, Minacs is strongly placed to offer financial services players and businesses complete outsourcing business solutions, such as IT or information management, back office transaction processing, accounts receivables management or full-fledged finance and accounting outsourcing services.

A. We’re expecting our participation in the conference to help us understand the latest trends in the Factoring space and further enrich our considerable knowledge in this domain to support further product development and enhancements. We are also looking forward to sharing our own learning with others.

An Idea Exchange session on the last day has been one of the most popular events of the Factoring conference in previous years. During this session, we will be sharing our ideas about emerging opportunities and technology in this space.

The conference will be a great networking opportunity, which I am sure, will open doors to new business relationships and partnership opportunities in finance and accounting, and technology.

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• An Outsourcing Framework for Transforming CFOs

Events:
Join Shweta Verma and Ramesh Revuru at the 18th Annual Factoring Conference April 18-21 in Huntington Beach, California.