Speed matters before the first funding
Sales needs a timely answer while credit still needs enough information to make an informed decision.
Factoring Software
Factoring Software Built for Faster, More Connected Client Approval
Bring client intake, diligence, underwriting, credit approval, and closing into one connected workflow — then move approved information into the factoring management system your operations team already uses.
ONE CONNECTED FACTORING WORKFLOW
Factoring Origination, Credit and Closing in One Connected Workflow
Decipher is factoring software that help factoring companies connect prospect intake, business and owner diligence, underwriting, credit approval, closing, and downstream factoring operations. It keeps the information, documents, analysis, and workflow for a new factoring client connected from the first opportunity through handoff to the factoring management system.
CLIENT, OWNER & RECEIVABLES DILIGENCE
Factoring Credit Approval Has to Move Quickly — and Stay Connected to Operations
A new factoring opportunity can move from initial conversation to funding quickly, but the credit team still has to understand the company, the people behind it, the aging receivables and debtors being factored, debtor concentrations, relevant financial information, existing liens, and the requirements that must be satisfied before closing. Just as important, an approved client ultimately has to move into the system used to operate the factoring relationship.
The credit file comes from multiple sources
Applications, business information, owners, documents, agings, financial information, bank data, UCCs, and third-party diligence can arrive separately.
Requirements vary by factor and deal type
Different factoring companies — and different factoring products like staffing factoring, oil & gas factoring, transportation factoring, construction factoring, medical receivables factoring, government contractor factoring, and other factoring products within the same company — may use different workflows, criteria, documents, and approval steps.
Approval is not the end of the process
Closing information should move into factoring operations without creating another round of manual entry.
FACTORING CREDIT WORKFLOW
From Prospect to Approved Factoring Client
Decipher connects the steps that move a factoring opportunity from initial intake through diligence, analysis, credit approval, closing, and handoff to operations.
01
Capture the Opportunity
Start from a digital application, the lender website, Decipher, an integrated CRM, referral source, or supported API.
02
Verify the Business and Owners
Bring business, ownership, identity, background, KYB/KYC, and other required diligence into the deal where configured.
03
Collect and Analyze the Credit File
Gather documents and analyze the information relevant to the factor's credit process, including agings, debtor information, financial information, bank data, sample invoice, MSAs and other supporting material.
04
Review UCCs and Other Diligence
Incorporate UCC searches, lien review, and other required third-party checks into the workflow.
05
Review and Approve
Apply the factor's configured credit requirements, workflows, tasks, criteria, and approval process.
06
Close the Client
Generate factoring agreements, disclosures, and other closing documents, manage conditions, and route documents for e-signature.
07
Connect to Factoring Operations
Move relevant approved client and deal information into the factoring management or operations system through supported integrations, APIs, or webhooks.
How Decipher Supports Factoring Teams
Keep the Factoring Credit File Connected From Intake Through Closing
Decipher brings the data, documents, diligence, analysis, and workflow for a new factoring client into one configurable deal record so teams can spend less time moving information between systems and more time evaluating the opportunity.
Bring the Deal In Once
Start directly in Decipher, from the lender website, from Salesforce or HubSpot, or through supported APIs.
Centralize Credit Diligence
Bring business verification, ownership information, identity checks, background information, UCCs, bank verification, and other configured diligence into the same deal.
Analyze the Information That Matters
Use Decipher to structure and analyze agings, debtor concentration, financial information, bank data, and other credit documents where those analyses are part of the factor’s process.
Keep the Deal Moving
Use configurable workflows, tasks, statuses, scorecards, criteria, and approval routing to keep the deal moving while giving exceptions the additional review they need.
Move Approval Into Closing
Reuse information already collected to support factoring agreements, closing documents, conditions, and e-signature rather than rebuilding the file after approval.
CONNECTED FACTORING WORKFLOW
Connect Origination and Credit to Factoring Operations
Decipher manages the analysis and workflow before a client becomes an active funded account and connects approved information to the systems used after funding. Factors can modernize prospect intake, credit, and closing without replacing the CRM or factoring management system their teams already rely on.
Where Deals Start
Website
Salesforce
HubSpot
Decipher
API
→
Decipher
Origination → Diligence → Analysis → Credit Approval → Closing
Origination
Diligence
Credit Approval
Closing
→
Factoring Operations
FactorCloud
FactorEvo
ABLSoft
Other FMS / API
What Changes When the Process Is Connected
Less Re-Keying. Faster Analysis. Clearer Handoffs. More Time for Credit.
When the factoring credit process is connected, sales, credit, closing, and operations no longer have to reconstruct the same client file at each stage.
Sales can see where the opportunity stands
Deal status, missing information, and next steps are easier to see without chasing underwriting for updates.
Credit works from a more complete file
Diligence, documents, analysis, notes, and exceptions stay connected to the same deal and a credit memo can be generated automatically to help the credit committee make better credit decisions.
Closing starts with information already collected
Approved information can be reused for agreements, documents, credit terms, conditions, and e-signature.
Operations receives a cleaner handoff
Relevant approved client and deal information can move into downstream systems through supported connections.
FACTORING CUSTOMER PERSPECTIVE
Built for the Way Factoring Teams Actually Work
“Switching to Decipher Credit has streamlined our factoring business. Processes that previously required hours now take only minutes. The platform automates underwriting reviews to provide immediate credit insights, which significantly reduces our processing time. Furthermore, the efficiency gains in generating legal documentation have accelerated our funding speed. Decipher is a valuable tool for factors looking to scale their operations.”
DECIPHER FACTORING WORKFLOWS
Explore Decipher Across the Factoring Credit Process
Factoring companies may use different combinations of Decipher depending on how they originate, analyze, approve, close, and review clients.
Digital Origination
Capture opportunities from the lender website, CRM, Decipher, or supported APIs.
Underwriting
Bring documents, diligence, analysis, and credit information into a structured deal file.
Decisioning Workflows
Apply configured credit criteria, scorecards, tasks, exceptions, and approval routing.
Monitoring & Credit Reviews
Carry the client file forward into periodic review and monitoring workflows where appropriate.
FREQUENTLY ASKED QUESTIONS
FACTORING
SOFTWARE FAQ's
Factoring software can refer to systems used for prospect intake, underwriting, client and debtor approval, closing, account operations, or a combination of those functions. Decipher focuses on the workflow from prospect intake through diligence, analysis, credit approval, and closing, then connects approved information to downstream factoring operations systems.
Decipher can centralize digital intake, business and owner information, documents, identity and background diligence, UCC review, bank information, accounts receivables and payables analysis, workflow, and closing requirements in each deal so teams do not have to manage the new-client process across manually or across disconnected tools.
Yes. Decipher can ingest and analyze AR and AP aging information and keep the resulting analysis connected to the rest of the credit file. It can also extract the list of debtors and keep all relevant supporting documentation in one place.
Yes. UCC search and filing can be incorporated into the client approval process so lien information remains connected to the deal.
Yes. A factoring opportunity can originate in Decipher, from the lender website, from integrated CRM systems such as Salesforce or HubSpot, or through supported APIs. The goal is to connect the credit process without forcing the sales team to replace the CRM it already uses. Decipher also has a built-in CRM for factors to use.
Yes. Decipher can connect approved client and deal information with factoring management or operations systems including FactorCloud, FactorEvo, ABLSoft, and other supported platforms through integrations, APIs, and webhooks.
No. Decipher is designed to work alongside the system used to operate funded factoring accounts. Decipher manages the workflow before and through approval and closing, then connects relevant approved information to downstream operations and can be used for ongoing credit reviews.
Yes. Decipher is configurable so teams can apply different information requirements, documents, criteria, statuses, tasks, and approval workflows to different factoring products or business units.
See what a More Connected Credit Process Looks Like.
Explore how Decipher can help your team streamline origination, underwriting, decisioning, and ongoing credit management--while working with the systems and processes you already have.