Supply Chain Financing through Factoring is a vital solution enabling banks and financial institutions to optimize their clients cash flow and enhance their working capital This product allows corporate customers to initiate invoice or cheque discounting seamlessly with the flexibility of using either recourse or non recourse discounting options It facilitates the lodging of multiple invoices for discounting purposes maintaining buyer wise counterparty limits sourced directly from the Core Banking system Each transaction undergoes a robust validation process to ensure compliance with limit checks and available balances while also meticulously recording realization details for complete transparency Additionally this solution is engineered for seamless integration with Core Banking and Courier systems enhancing operational efficiency The process begins with corporate customers creating and submitting invoice discounting orders through a user friendly client front end These orders can involve one or more invoices clubbed under a single request which then prompts an internal 4 eye approval process before reaching the bank The bank s side mirrors this diligence by employing a maker checker mechanism to validate and approve the order prior to execution Furthermore the system provides clients with real time updates regarding the status of their orders enabling them to manage their cash flow effectively while retaining control and visibility over their transactions