If a bank or a financial institution is the financier, they need to notify the member/debtor and/or collect the invoice in case of delay or non-payment.
iFactor assists the process by automatically notifying the debtor/member before the due date and after the due date in case of non-payment. Additionally, on the iFactor platform, you have the possibility to insure your claims through iFactor’s partners, thus minimizing the risk of non-payment.
