NOVA Commercial Services/Factoring System (NOVA-CS)


Overview

Nova Commercial Services is our premier factoring software. NovaCS is a time tested solution for the international and domestic lender. WSA has employed state-of-the-art Microsoft and web technologies to deliver real time information to both internal and external users. NovaCS is scalable across many users, offices, and countries; easily meeting the demands of the multi-billion dollar factor and its sophisticated borrowers.


NovaCS is designed to provide the lender with maximum flexibility in financial products and pricing. NovaCS is a full commercial services system including modules to support bulk A/R, inventory, documentary and standby letters of credit, purchase guarantees, and term/mortgage loans.


Understanding the paper and people intensive nature of factoring, WSA designed NovaCS with many EDI and web interfaced programs that allow both clients and customers to communicate electronically with the factor. Client entry of credit requests, invoice details, along with daily and monthly report retrieval via web portal offer both time and money savings to lender and client alike.


Automated application of cash receipts from bank lockbox files, credit scoring for automated decisions on single order and revolving credit lines, document storage and fully customizable general ledger feed allow NovaCS to work for you. The system supports multi-currency processing and will accommodate multi-country portfolios.


Primary Functions of NOVA-CS

  • New Business Administration
  • Client Administration
  • Facility/Loan Maintenance
  • Letters of Credit
  • Customer Credit
  • EDI Interfaces
  • Invoice Processing
  • Remittance Processing
  • CID-Customer Identification
  • Collection
  • Bad Debt Collection
  • Reporting

To fully appreciate the power and ease of NovaCS\Factoring please contact our office to schedule a demonstration. Sales information is available from WSA by contacting Rosanne Doyle at (678) 682-8184 or via E-Mail: .