Sberbank Factoring Online

Main articles:

• Factoring (market of Russia)
• EDMS (more detailed)

The Sberbank Factoring Online platform is completely remote service for financing of current assets. Suppliers can load far off documents and registers of deliveries, to sign agreements of factoring and tripartite notifications, to request financing, etc. To be connected to digital factoring, the enterprise needs to own any UKEP and to be registered on the platform.

2020

Start of a pre-sale office

The Sberbank Faktoring company entering Sber's ecosystem announced on November 13, 2020 implementation on the digital platform "Sberfaktoring Online" of a pre-sale (presale) office to increase convenience of receiving factoring to the client.

Now it is enough to supplier to pass from the official site of Sberfaktoring into a personal account of the digital platform, passing processing of the request on the website and to leave the address on the planned transaction. The client has an opportunity, without waiting for a call of the client manager to check the relevant status according to the request and to load documents in response to automatic query. All processes happen online.

After obtaining the positive solution, the client on the platform signs contractual documentation, transfers registers of deliveries and receives financing.

Implementation of a preseyl-office considerably increases convenience and speed of receiving factoring financing to the client due to process automation and completely contactless interaction.

Start of the designer of reports for suppliers

The Sberbank Factoring company (enters an ecosystem of Sberbank) announced on August 11, 2020 start of the designer of reports on the digital platform "Sberbank Factoring Online". This free expansion of functionality for clients of the platform thanks to which suppliers can configure information on factoring under the individual requirements.

The functionality allows to use a sleduyushcha. technology of work: reports form automatically and allow the supplier to orient quickly in data on deliveries and to control receivables status. Now the client in real time can see the broad picture of the factoring transaction and, thanks to up-to-date information, quicker make decisions.

"We expanded a range of reports for suppliers from 3 to 15. Now information on the performed factoring operations became wider. Thanks to the designer performance was increased during the work with Big Data: now each report forms on average about 10 sec., and each client — from the accountant to the top head — can independently configure reports under the needs", - Dmitry Sivukha, the head of development of processes and technologies "Sberbank Factoring" reported.

Start of digital service of collecting of payments

In the second quarter 2020 "Sberbank Factoring" started service of collecting of payments for suppliers. This solution which allows to be focused on business, without being distracted by non-core tasks. With its help the supplier can resolve the issues connected with control of financial discipline of buyers and accounts receivable management. On August 3, 2020 Sberbank Factoring" reported about it ".

Service allows to trace completion dates of obligations of debtors for payments and in general to increase transparency during the work with the buyer. Control of payments and a reminder to debtors on need of debt repayment performs directly "Sberbank Factoring". Information on the status, the course of transactions, data on deliveries and status reports on receivables affect in a personal account of the client the digital platform "Sberbank Factoring Online".

Work with receivables requires planning and accurately built risk management process of non-payments. Therefore we created service for management of contractual commitments. A system allows to keep the analysis of the invoices both paid, and not paid from partners, to estimate the existing and potential buyers and in general to optimize costs due to outsourcing of accounts receivable management, - Denis Maksimenko, the director of management of credit analysis "Sberbank Factoring".

Start of digital factoring

On April 7, 2020 "Sberbank" announced Factoring start of digital factoring — completely remote service for financing of current assets.

Entrepreneurs can leave the request on the website sberbank-factoring.ru, after loading of documents on the Sberbank Factoring Online platform to sign the agreement of factoring and to begin operational service. Signing of documents in service happens to the help of the strengthened qualified electronic signature (SQES). Any UKEP which entrepreneurs use at delivery of accounting documents in the tax inspection is also suitable for work on the platform.

Factoring Online suppliers can load into Sberbank in the remote mode documents and registers of deliveries, to sign agreements of factoring and tripartite notifications, to request financing, to create reports on factoring for accounting. Service of digital factoring will expand further the functionality useful to all participants of the transaction. In the II quarter 2020 the option of the signature of notifications according to the link and also integration with ERP systems of the enterprise will become available to buyers. Clients of Sberbank — users of the application of SBBOL — will be able to issue the request for factoring by seamless transition to the platform and also to work with any products of bank in a single window.

The current difficult situation in world economy once again confirmed importance and need of digital services, thanks to them business can receive financing and not stop the work. It is simple to be connected to digital factoring — the enterprise needs to own any UKEP and to be registered on the platform, told Alexander Pestov, the managing director for sales and development "Sberbank Factoring"

2019

Implementation of technology of pro-active factoring

On October 29, 2019 Sberbank Factoring reported that it financed the transaction on technology of pro-active factoring which provides verification of deliveries before receiving from the supplier of registers on financing. Now the client sees in the personal account on the platform Sberbank Factoring Online the deliveries confirmed with the buyer and can send them for financing at once. Thanks to technology of pro-active factoring the supplier is saved from labor-consuming loading of registers in a personal account, and time of its waiting of verification of deliveries is reduced to zero.

For October, 2019 in a pilot project 17 supply of construction materials to DIY network to the amount of 17 million rubles are financed.

Within a week after implementation of a pilot project all partners of DIY network who are serviced in Sberbank Factoring will be able to use pro-active factoring. Further the company will connect to technology of other debtors.

the Stage of verification, confirmation of the fact and the amount of delivery from the buyer – the most important and longest, expensive process when financing and rendering factoring services. The technology of information exchange with buyers and simple logic in delivery confirmation, in total with a convenient service for the supplier on the platform Sberbank Factoring Online, is transparent and, the most important, fast service which allows suppliers to receive with guarantee financing without long waiting,

Representation of Sberbank Factoring Online service

On September 5, 2019 Sberbank Factoring reported that it provided and Factoring Online carried out the first transaction on the digital platform Sberbank. The feature of the project is that now the client can perform all operations on factoring without paper and within one service. In particular, to provide a document package for execution of the request, to sign the agreement of factoring, to create registers of deliveries, to receive delivery confirmation from the debtor and to trace information on financing.

For clients Sberbank Factoring work on the platform is free. Security and confidentiality of transactions in Sberbank Factoring Online is provided with the strengthened qualified electronic signature which can be received in the accredited centers for all Russia. Clients of Sberbank can be connected to the platform by means of "a green token" Sberbank Business Online - the digital signature certificate written on the physical medium.

In the factoring market there is a set of services and providers of electronic document management who "digitize" separate operational processes: delivery confirmation, loading of documents, signing of notifications. We managed to close all cycle of the factoring transaction on own IT platform – from the invitation of the client as the user, his identification in service before loading and signing of documents, financing payment. Thanking Sberbank Factoring Online, in the medium term we completely will exclude a human factor from operational process, and the term of an execution of transactions will be reduced till several o'clock, told Leonid Kultygin, the operating officer Sberbank Factoring