<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/000420" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Factoring</Title>
		<Keyword><Level1>Factoring</Level1>
			<Level2>overview</Level2>
		</Keyword>
	</Header>
	<GeneralSection><Paragraph>SSA ERP supports the <Link href="/baanerp/tf/glossary/glossary#000428" role="glossary">factoring</Link> of your outstanding receivables as well as the payment of purchase invoices to <Link href="/baanerp/tf/glossary/glossary#000429" role="glossary">factors</Link> used by your suppliers.</Paragraph>
	</GeneralSection>
	<GeneralSection><Paragraph>For accounts receivable, you can set up the factoring of your sales invoices. The factor becomes the pay-by business partner and the pay-by business partner that is linked to the invoice-to business partner becomes the original pay-by business partner.</Paragraph>
		<Paragraph>For accounts payable, if your supplier factors the invoices, you can specify the pay-to business partner's factoring company and the factor's bank. Payments of purchase invoices are then made to the factor.</Paragraph>
		<Paragraph>You usually receive a <Link href="/baanerp/tf/glossary/glossary#000430" role="glossary">factor's advance</Link> from the factor against the receivables factored with it. Usually, the factor's advance is 70% to 80% of the factored amount.</Paragraph>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000423" role="manual">Factoring of accounts receivables</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000424" role="manual">Factoring with recourse</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000425" role="manual">Factoring without recourse</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000426" role="manual">Factoring - receipts</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
