Project Management
Project-based sales, purchasing, collections, payments, advances, budget and guarantees.
Finance Management
Guarantee ManagementTrack guarantees given and received along with their due dates
Guarantee Management keeps records of guarantees given and received, letters of guarantee and cash collateral, and tracks cash collateral refunds.
Simplifies the tracking, evaluation and management of guarantees; organizes guarantee documents and guarantee relationships.
Which challenges does Guarantee Management address?
- Return dates for letters of guarantee are forgotten.
- You cannot see at a glance how much guarantee has been received from which customer.
- Cash collateral refunds are reflected in accounting late.
Key features
The 5 features in Guarantee Management and the packages each one is offered in.
- Guarantees GivenIncluded from Mid-sized Business
- Guarantees ReceivedIncluded from Mid-sized Business
- Letters of GuaranteeIncluded from Mid-sized Business
- Cash CollateralIncluded from Mid-sized Business
- Cash Collateral RefundIncluded from Mid-sized Business
Comparison by package
"Included": part of the package. "Add-on": can be added as an option. "Higher tier": not part of this package; available by upgrading to a higher tier.
| Feature | Micro Business | Small Business | Mid-sized Business | Large Business | Corporate | Enterprise | Tailored |
|---|---|---|---|---|---|---|---|
| Guarantees Given | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Guarantees Received | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Letters of Guarantee | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Cash Collateral | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Cash Collateral Refund | Higher tier | Higher tier | Included | Included | Included | Included | Included |
Source: Factorbooks product and package scope list. For current pricing and additional requirements, request a quote.
Solutions that include this module
Financial visibility and cash flow
Bring bank, cash, current accounts, loans and cheques/promissory notes together in one place; see your forecast cash flow in advance.
Guarantee Management: frequently asked questions
Which packages include Guarantee Management?
All features are included from Mid-sized Business. See the comparison table on this page for package-level details.
Which modules is Guarantee Management used with?
Guarantee Management runs on the same platform as these modules: Project Management, Receivables Management, Risk Management.
How do I request a demo of Guarantee Management?
Just mention the module you are interested in and your needs in the demo request form. Our sales team will prepare the demo around this module and the related processes.
See Guarantee Management in a live demo
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.