Some details
PRAGMA FAKTORING S.A. is a company that is a leader in providing factoring services outside the banking sector.
CHALLENGE
In 2015 Pragma Faktoring S.A. engaged Mint Software to develop factoring system handling all its products and services. A previous factoring system covered a small range: and employees had to perform many operations
manually and the system did not handle many tasks. This inhibited further development of business processes, impaired efficiency and negatively influenced Pragma image comparing to competition.Mint Software main objectives:
- developing fully automatic online factoring system that offers all functionalities of previous system, based on modern technology and fin-tech solutions,
- developing scalable architecture that offers possibility of extension with added functionalities depending on clients needs and market situation,
- automated settlement without any papers–provided online accounting and booking services,
- developing discount managing algorithms that would offer a client an attractive price considering the nature of transaction and any possible variations,
- precise automated risk analyses and providing economic data collected from different external sources,
- developing the system that would handle a bigger portfolio and increase of sales.
