International Factoring Association Announces WinFactor as New Preferred Vendor

The International Factoring Association (IFA) added WinFactor to its preferred vendor program. WinFactor will offer IFA members a special discount available only to IFA member firms. All companies in the preferred vendor program undergo a rigorous screening process before being selected and are subject to ongoing monitoring.

WinFactor is a browser-based software for complete invoice factoring management with rigorous permissions and secure multi-authentication. It is easy to learn and simple to navigate, eliminating the need for expensive and clumsy third-party apps. The client portal allows for easy submission of invoices and bulk upload of supporting documents and photos via desktop computer or mobile phone so it can be accessed anytime, anywhere. The integrated credit system saves factors thousands on external credit searches and provides buy/no buy guidelines in the client portal to inform clients' hauling decisions. With the WinFactorPay prepaid card, factors can also earn revenue from money spent on their custom branded prepaid debit cards, a first in the factoring software space.

“We are excited to welcome WinFactor to our preferred vendor program,” Tania Daniel, executive director of the International Factoring Association, said. “The IFA has built strong relationships with more than 25 vendor firms and continue to accept vendors into our program who can offer expert solutions and provide quality services and discounts.”