Built by factors, for factors.
In a market full of antiquated factoring software, our founders saw an opportunity to disrupt the space with a modern, cloud-based platform.
Our Story
Our founders were part of a rapidly growing factor business, processing over 60k invoices per month. As their time in the industry grew, they continued to see how the industry was plagued with inefficiencies. They quickly grew tired of doing their processes manually or being forced to use the old, outdated systems that filled the market at the time.
They wanted a system that was easy and intuitive to use, cloud-based so it could scale, and robust enough to keep up with their volume. They wanted to future-proof it by building with an open-API so it could easily integrate with the latest and great solutions in the industry. In 2014 they built their dream system, FactorCloud.
Shortly after building the platform, they saw 80% more NFE, without the need to grow their workforce. That’s why they decided to productize the platform, and open it up to other factors looking to grow.
Fast forward to 2022, and FactorCloud has invested the past 2 years into further developing the platform to become the go-to factoring solution, growing their team with a new CEO and 45+ developers, ensuring the platform grows and adapts at the rapid pace needed.
Why choose FactorCloud?
Simply put, FactorCloud is the only software built on a modern platform, designed to grow with you and your business. As a FactorCloud customer you’ll see this in action through our:
Unparalleled customer support:
With an average response time under 5 minutes, you’ll get the help you need, when you need it.
Open API
Our restful API allows you to seamlessly integrate to the platforms you need to be successful
Secure and agile
We’re SOC2 compliant and cloud-based. With access to 45+ software developers, our system is agile and configurable to adapt and innovate based on customer feedback.
OCR Automation
Our OCR software, BrightBolt, saves thousands of hours by automating the schedule creation process. It reads documents, scrapes data and automatically creates schedules in FactorCloud.
