International Factoring Association Announces New Preferred Vendor

The International Factoring Association (IFA) has added a new vendor to their preferred vendor program: Decipher, a leading provider of front and middle office automation technology for factoring companies. Decipher will offer IFA members a special discount available only to IFA member firms. All companies in the vendor program undergo a rigorous screening process before being selected and are subject to ongoing monitoring.  

“We are excited to welcome Decipher into our preferred vendor program,” Bert Goldberg, executive director of the International Factoring Association, said. “We continue to grow the preferred vendor program with additional providers of high-quality services for our members. Their service offers a highly configurable and robust cloud-based solution that automates the entire lending process from start to funding.”

Decipher’s Factoring Origination System streamlines client application, onboarding, underwriting, closing and document management. The platform includes more than 20 APIs integrating credit bureaus, bank account verification, accounting system connections, UCC search and file, tax monitoring, electronic signature, and offers automatic financial spreading, bank account analysis and monitoring as well as risk evaluation and auto approval with client criteria. Clients streamline the entire process from application to closing and provide a better customer experience with less risk. 

For more information about the IFA’s preferred vendor program and to view a listing of preferred vendors, please visit www.factoring.org.