These cookies are required for the website to function properly. They ensure security, enable basic features like page navigation, and store user session data. You cannot disable these cookies.
- Invoice Factoring Platform
- Who it's for
- Settlement operations teams
Settlement operations teams
A settlement team often works several provider requests at once. The instruction workboard separates Draft, Review, Authorized, Submitted and Pending work so the next actor can see where a case stands. The operations overview ranks recorded exceptions for the day. The team can follow provider identifiers and source events without interpreting a submitted request as settled money.
How Invoice Factoring Platform is set up for you
Preparation desk
Accounting Preparer owns the instruction and its supporting documents until it reaches review.
Review desk
Accounting Reviewer sees requests awaiting an independent decision and checks the revision before approval or rejection.
Provider follow-up
A submitted instruction retains its provider identifier and related document lines while the team waits for conclusive evidence.
Exception desk
Unmatched cash applications and operation receipts needing review keep their source identifiers and concrete reasons for investigation.
A settlement team often works several provider requests at once. The instruction workboard separates Draft, Review, Authorized, Submitted and Pending work so the next actor can see where a case stands. The operations overview ranks recorded exceptions for the day. The team can follow provider identifiers and source events without interpreting a submitted request as settled money.
Begin with one day's ordinary settlement requests for a single organization. Assign the preparer and a different reviewer, then agree who monitors pending provider responses. Set a cut-off time for reviewing unresolved events without changing their status simply because the day ended. Have the team compare each provider event's amount, occurrence date and account with the confirmed instruction. An exact match can move forward; a mismatch stays visible.
Test an action receipt whose claimed effect is missing. The reviewer should find the discrepancy, mark it for review and avoid sending the banking instruction again. Test a provider correction as a new evidence line while retaining the earlier confirmation and decision. The Auditor should be able to read the resulting sequence from the parent instruction and its related records.
Features to start with
Roles on the team
- Auditor
- Read authorized evidence and reports in a scoped, read-only audit view. No record writes and no action execution.
- Accounting Preparer
- Prepare assigned operational records and execute eligible reviewed actions. Own organization and draft scope only; accepted, posted and provider evidence is read-only; guarded workflows authorize every transition.
- Accounting Reviewer
- Review eligible accounting document revisions independently and reconcile operational evidence. Approve or reject through guarded actions only; no unrestricted editing of protected or executed records; a reviewer cannot approve their own submission.
Set up Invoice Factoring Platform your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.