HPD Software powers the first factoring service in Morocco

HPD Software are very pleased to announce that their Aquarius software is powering the first factoring service available in Morocco, that is being delivered by Société Générale’s Moroccan factoring subsidiary – Sogefactoring.

This new digital on-line factoring service allows factoring clients to manage their remote cash requirements, including referencing of their positions, tracking their transactions, monitoring their applications and providing regular reports. The digital tool is accessible 24/7 from desktop computers, smartphones or tablets. With this new system in place Sogefactoring anticipate making invoice financing funds accessible to clients within 48 hours.

Head of Sogefactoring, Hassan Amor described the development as a “major innovation” in the world of factoring in Morocco and went on to comment – “HPD Software are helping us accelerate our transition to digital, proving once again, their commitment to our customer satisfaction. We are delighted to be partnering with a world-class provider of factoring and invoice financing solutions and are proud to be the first to market with such an advanced system here in Morocco.”

Kevin Day, chief operations officer of HPD Software, said: “We have thoroughly enjoyed working with Société Générale to help bring innovation and the latest factoring technologies to the Moroccan market.”