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219Hello!
In the Nordic countries customer are frequently using factoring. Factoring means invoice credit, it means that you receive cash in return for selling or pledging your invoices. Factoring is common in many industries, but perhaps especially in industries with long credit terms and project cycles such as construction, contracting and crafts. The result will be that the customer will get paid much faster but has to pay an amout of money to the factoring company. The company that is going to pay for the invoice will not do that to the company that issues the invoice. Instead the invoice has to be paid to the factoring company in full.
I would like to know if there is a nice way of dealing with these kind of issues in D365. I am aware of
- The possibility of using invoice accounts,
- Setting up the factoring company bank accont as the account to be paying to in the field for the supplier (the company that has issued the invoice etc).
But are there any other ways to handle this by using other functionalities that does not require any customizations?
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