- At the level of the Customer record, “Financial” tab, a factoring company has been specified. This customer is thus supposed to be regularly managed by this factoring company.<\/li><\/ul>
- At the level of the sales invoice, “Invoice” tab, a factoring company has already been entered.<\/li><\/ul>
- At the level of the customer invoice header, a factoring company has already been entered.<\/li><\/ul><\/li>
- The creation of the receipts to generate lists of transferred invoices accompanied with an account receivable transfer letter are proposed for printing.<\/li>
- Posting of these receipts. This posting generates the creation of a magnetic file that can be transmitted to the factoring company. This magnetic file can be regenerated via a dedicated function.<\/li>
- Payment notification. You need to save a payment receipt in the same amount as on the factoring company’s receipt. The phase follows the normal payment flow.<\/li><\/ul>\n\n\n\n
The factoring company is not considered a BP. The payment must be entered on the account of the factoring company, without mentioning the BP.<\/em><\/em><\/p>\n\n\n\n
Assigning a factoring company to invoices is carried out in a single screen where you enter the search criteria and a grid that displays the invoices that match your criteria. The invoices that have already been received or for which the amount is null are not displayed.<\/p>\n\n\n\n
For better understanding, please find out below steps:<\/p>\n\n\n\n
- Navigate to custom import function.<\/li>
- You must enter the BP code of the Customer for which one or more invoices need to be processed.<\/li><\/ol>\n\n\n\n
You can narrow your search results with the following options:<\/p>\n\n\n\n
- Company issuing the invoice<\/li>
- Site issuing the invoice<\/li>
- Invoice number ranges<\/li><\/ul>\n\n\n\n\n\n
- This grid displays all the invoices matching the selection criteria detailed in the header.<\/li><\/ol>\n\n\n\n
For each invoice listed, you can only edit the Factor column to assign the Factoring company to which the accounts receivable will be transferred. The Company\/Site for the Factoring company must be compatible with the Company\/Site for the invoice.<\/p>\n\n\n\n\n\n
4. There can be list of factors for selection as shown below. You can choose the required one and save the details.<\/p>\n\n\n\n
![\"\"](\"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-content\/uploads\/2023\/12\/factor-selection-1.jpg\")
Fig03: Factor Selection<\/strong><\/figcaption><\/figure>\n\n\n\n Click Save to apply any Factor assignments and then you can add them to a receipt.<\/p>\n\n\n\n
Thus, we can assign all receivables\/debts to third party using factor assignment functionality.<\/p>\n\n\n\n
About Us<\/strong><\/p>\n\n\n\n
Greytrix<\/a> – a globally recognized Premier Sage Gold Development Partner is a one-stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development and implementation expertise.<\/p>\n\n\n\n
Greytrix<\/a> caters to a wide range of Sage X3 (Sage Enterprise Management) offerings – a Sage Business Cloud Solution. Our unique GUMU™ integrations include Sage X3 for Sage CRM<\/a>, Salesforce.com<\/a> and Magento eCommerce<\/a> along with Implementation and Technical Support worldwide for Sage X3<\/a> (Sage Enterprise Management). Currently we are Sage X3 Implementation Partner<\/a> in East Africa, Middles East, Australia, Asia. We also offer best-in-class Sage X3 customization and development services<\/a>, integrated applications such as POS<\/a> | WMS<\/a> | Payment Gateway<\/a> | Shipping System<\/a> | Business Intelligence<\/a> | eCommerce<\/a> and have developed add-ons such as Catch \u2013 Weight <\/a> and Letter of Credit<\/a> for Sage X3 to Sage business partners, end users and Sage PSG worldwide.<\/p>\n\n\n\n
Greytrix is a recognized Sage Rockstar ISV Partner<\/a> for GUMU™ Sage X3 – Sage CRM integration also listed on Sage Marketplace<\/a>; GUMU™ integration for Sage X3 – Salesforce is a 5-star app listed on Salesforce AppExchange<\/a>.<\/p>\n\n\n\n
For more information on Sage X3 Integration and Services, please contact us at x3@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"
Factoring consists in transferring all or part of the customer accounts receivable or debts to a third party financial body: the factoring company or factor. The factoring company collects the accounts receivable that have been transferred to it and the related non-payment risk. In exchange, the factoring company settles the amount of the invoices, minus\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,3162,8,3642,10,2796,11],"tags":[477,3920,3921,3922,3080,1822,1839,1945],"class_list":["post-27886","post","type-post","status-publish","format-standard","hentry","category-configuration","category-features","category-greytrix","category-sage-erp-x3","category-sage-x3","category-standard","category-technical","category-tips","tag-customer","tag-factor","tag-factor-assignment","tag-factor-companies","tag-invoices","tag-sage-x3","tag-sage-x3-blogs","tag-sage-x3-technical-blogs"],"_links":{"self":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/27886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/comments?post=27886"}],"version-history":[{"count":1,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/27886\/revisions"}],"predecessor-version":[{"id":27891,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/27886\/revisions\/27891"}],"wp:attachment":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/media?parent=27886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/categories?post=27886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/tags?post=27886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- This grid displays all the invoices matching the selection criteria detailed in the header.<\/li><\/ol>\n\n\n\n
- At the level of the sales invoice, “Invoice” tab, a factoring company has already been entered.<\/li><\/ul>