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Contact SupportCesión de Documentos
Transfer the right to collect payment on an invoice to a third party, usually a bank, in exchange for receiving the money sooner.
This is an add-on module that requires a separate contract and onlythe Sovos Professional Services team can activate. To enable this module, contact your Sovos account representative.
Factoring (cesión) is the process of selling an outstanding invoice to a financial institution at a discount in exchange for immediate payment. For example, if you issue an invoice for $1,000,000 with a 30-day payment term but need cash today, you can transfer that invoice to a bank. The bank pays you $900,000 now and collects the full $1,000,000 from the buyer when the payment is due.
This matters for document management because after a cesión is registered, the buyer needs to know they should pay the bank, not the original seller. This module manages that process and keeps all parties informed.
The module has three sub-sections:
- Gestión de Documentos Cedidos
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Review the status of assigned documents and download Archivo Electrónico de Cesión (AEC) files.
- Carga de Documentos Cedidos
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Upload files for bulk document assignment.
- Administración de Cesionarios
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Manage the list of assignees (banks or companies) registered in the system.