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Our Factoring Manifesto
If you were to dream up your very own factoring manifesto, what would it look like? At NN6, we believe in keeping four core values at the...
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The Non-Negotiable Six
What if we had less systems to log into and more efficiencies? We put together a list of what we call the Non-Negotiable Six and it includes everything a factoring organization needs to manage risk and run optimally. The Non-Negotiable Six—an embodiment of our collective experience, meticulously curated to address every facet of risk management and operational optimization. Within this list lie—the foundation upon which factoring organizations can build their empires.
01
Notify
Notification ensures that the account debtors of the client are aware that payment should be directed to the factoring company. This is critical in avoiding misunderstandings or fraudulent activities. Notification is essential for the smooth functioning of factoring operations, ensuring clarity, compliance, and effective communication between the parties involved.
02
Verify
Verification is essential in a factoring company to ensure the authenticity, accuracy, and compliance of invoices, manage risks, protect assets, foster client relationships, and optimize operational efficiency. By implementing real time verification processes, factoring companies can mitigate risk by understanding the nuances of the verifications in its portfolio at the touch of a button.
03
Identify
We all know the Red Flags of Factoring, the key is to identify them BEFORE you fund into a problem. We give you the information you need to know, when you need to know it, with our proprietary Heat Map and Risk scoring model, you will know about issues in real time. No special reports, just what you need when you need it.
04
Audit
We give you an exception management system, taken to the next level. Follow your own funding instructions, with a proactive built-in invoice delivery schedule, and with approvals and roles that are clearly defined, you will be in command of how money goes out the door every single time.
05
Communicate
Seamlessly get your Team on the same page, in one system related to your collateral and relationships you have worked so hard building. Clear communication regarding your next actions to manage risk, build client relationships, and training your team requires a level of transparency that email and unnecessary communication systems can’t give you. Everyone knows who, what, when and why with NN6, it is all in one place.
06
Relationship
Relationships are vital as they contribute to client retention, trust, effective communication, understanding of client needs, problem resolution, referrals, and long-term growth opportunities. Building and nurturing strong relationships with clients and your team is essential for the success and sustainability of a factoring company. And with NN6, your time will be spent building those critical relationships, instead of wasting time building reports.
About
About
Story
The company was founded by 3 tenured factoring executives. Driven by a shared vision, they recognized a pressing need within the industry—a need for innovation, efficiency, and a forward-thinking approach. Thus, with unwavering determination, they set out to create something truly extraordinary.
Vision
To craft a solution that transcended the boundaries of traditional practices—a solution that revolutionized the landscape of factoring. With meticulous attention to detail and a relentless pursuit of excellence, they envisioned a system that not only streamlined operations but also prioritized risk management.
Technology
They birthed a marvel—a proactive, scalable, and modern system unlike any other. This system, adorned with the latest technological advancements, promises to save massive amounts of time and resources while safeguarding against potential pitfalls.
Processes
Over Outcomes
Overall success is determined by the processes we put in place. What can you do better than your competition? How will you outperform them?
Strong Communication, Strong Risk Management
The number one way to cut down on organizational snafus? Clear communication. We show you who is responsible for doing what in real time so you can prevent redundancies and cover all your bases.
Real-Time Data
Over Bias
Facts will always trump thoughts and feelings. We provide access to real-time data on key trends around the non-negotiable portfolio metrics we all know and love.
Operational
Excellence
When you’re unaware of risks, your clients remain in the dark. We make key data around potential risks readily available and provide the tools you need to keep your clients informed.
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Contact Us
Contact Us
Have a question or want to schedule a demo with one of our product consultants? Shoot us a message and we'll get back to you as soon as possible.
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