Otkritie Factoring has expanded the range of digital services for customers

2022: Robotization of operational processes

Otkritie Factoring completed pilot projects to robotize operational processes and create a distributed IT infrastructure. This was announced on August 30, 2022 by Otkritie Bank.

Otkritie Factoring digital services allow you to optimize the process of financing receivables from verification to direct payment of funds. We are talking about auto-stepping, auto-financing, auto-verification and auto-distribution of payments. According to Otkritie Factoring, at the end of August 2022, the number of robotic communications is 30% of the total volume of operations performed.

A project for auto-stepping receivables for suppliers of federal retail chains has been launched. The solution allows you to automatically carry out factoring transactions, reducing the process of providing a register from the client and verifying supplies from the factor. This greatly facilitates operational procedures for both the factoring company and the customer. For new Otkritie Factoring partners, obtaining funding for the assignment of a monetary claim under an accelerated automated model is available immediately upon conclusion of the agreement. The transfer of existing customers is carried out in a planned mode.

The use of advanced technologies in combination with its own developments will allow Otkritie Factoring to ensure the versatility of processes, replacing the previous monolithic solution with a flexible multi-service platform under the working name Grazia. This platform seamlessly integrates with different internal corporate information systems as well as external services.

The first stage of testing was successfully completed using 1C platforms: ZUP, Accounting, EDO and automated banking systems. The platform implements the continuity of all operating systems that use each other's capabilities. This allows you to significantly speed up business processes while maintaining their integrity.

{{quote 'author = said Alexander Pestov, CEO of Otkritie Factoring. | Current user scenarios allow you to look at traditional financial products from a different angle. We have taken a serious step in implementing fintech solutions in a multiservice space. We plan to develop our own IT area, consistently work on expanding the company's IT offering and synchronizing it with the needs of our customers. In the near future, the Otkritie Factoring product line will include new digital solutions for the factoring market. The Otkritie Factoring team has the necessary industry expertise and development baggage to become the competence center for digitalization of the factoring industry,}}