MARCH 14, 2017 – By keeping up with technology, our factoring customers can now look forward to greater accuracy, faster processing times and enhanced communication.
Recently, Foley implemented HubTran, a third-party platform that automates many of our back-end billing processes. One of the highlights of HubTran is its ability to “read” and enter data off the documents our customers send, which eliminates our previous data entry system and ensures information is entered quickly and accurately. Reducing our manual data entry processes also helps us keep costs down for both Foley and our customers.
The International Factoring Association published an article about our implementation of HubTran here: http://www.factoring.org/eNewsletter/WebNews.asp?id=305&aid=4123. To learn more about the benefits of factoring with Foley – including our faster than average collections time, please click here.