Dynamics Community Forum Thread Details

how can implement Factoring?

Excuse my english.

I´m a little new in Dynamics AX and I have to implement a payment way called "Factoring" , The business logic tell me that I most:

Add factoring (companies in vendors Form) that basically will pay to our vendors´ invoices and give us a credit line to pay them.
Factoring companies will be intermediaries , and the solution that I'm thinking it's register each payment to vendor in normal way but with a factoring companie account like offsetaccount. (This is done automatically by Ax)
But what i have to do it's cut this process in AX to reassign the debt , i.e. register that i've to pay to the factoring company (without invoices) and considering all implications to future payments to my new vendors:'Factoring companies' that finally they will paid from my account company. The problem is that I don't know all conflicts with system clases and errors that I could cause doing that.

I've saw that there's a lot of system clases involved in Payments Journal that update Ledger Journal Table, LedgerJournalTrans and VendTrans Table, but they are too many, there's no good documentation , and actualIy I don't know how exactly I could implement a solution.

That's why i'm here for suggestions.

Thanks in advance

Hi,

Did you find any good documentations for factoring in AX 2012? Im stuggelig with the same problem and I find that there is a lack of documentation on this topic. Do you know how the standard set up for factoring is done in AX2012?

What options /solutions are there in AX2012 considering;

- How do you set up the customers in customer library?

- What need to be set up in the customer parameters

- How do you set up matching of payments (amounts invoiced and amounts received from the factoring partner will be different due to transaction fees by the factoring partner)?

- How will the factoring affect the Acccounts Recievable (will the receivable amount remain on the customer account or be transferred to the account of the factoring partner)?

Great regards Jane

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