NiuViu Factoring

NiuViu Factoring was developed in conjuction with BNP Paribas to provide the most comprehensive factoring suite available in the market today. It is designed to be usable by companies of all sizes and level of development. It supports management of circulating assets, domestic and international, for imports and exports. It operates directly or through the Factors Chain International (FCI) and International Factors Group (IFG) networks.

NiuViu can be adapted to all company segments, including all types of expertise involving circulating assets:

Factoring, notified or non-notified, delegated and non-delegated
Management

Balances assignment
Reverse factoring
Receivables financing
Carry trade transactions
Credit insurance
Backup securitisation servicing
Customer receivables
Reminders
Collection

NiuViu Factoring is currently used at BNP Group in Europe from their ASP site in Marseille. The suite is multi-site, multi-language, and features mobility through its “thin client” capability, operating through a B2B portal. The original implementation was for IBM AIX, Tuxedo middleware, and the Sybase database, but the underlying technology supports ease of transition to other databases, middleware, and operating systems. Client systems are currently running under MicroSoft Windows and Java.

NiuViu supports the following technological and business capabilites:

Architecture Directly Exposed on the Web: a three-tier (Presentation, Buisness Line, Data) client-server implementation using object mode development, a work-flow development engine, automatic document reading, and XML exchanges with external systems
Compete Functional Coverage: pre-sale (prospect tracking, profitability analysis, drafting of sales proposals, contracts, buyer listings); post-sale (contract parameters, pricing, purchasing and financing); purchasers (credit coverage limits, contact details); and the payment reminder / collection and management process
Real-time Management: just-in-time processing brought seamlessly up to international accountancy
Productivity: computerised exchanges with customers; use of automatic algorithms (credit coverage, invoice classification, reminders, and automatic accounting process); work-flow processes covering risks, dispensations, and large amounts
Electronic Connections: to banks, Factors Chain International (FCI) and International Factors Group (IFG) networks, credit insurers, and commercial intelligence agencies
Complete Customer Reporting: via the Web, exchanges in file and Web service mode; from summary software for supervising contracts to preparation of historical data
Scalability: able to manage significant volumes at optimised cost, depending upon size of the business; can handle volumes from a few dozen to several million invoices