New hybrid ID comes online. A new hybrid Invoice Discounting product that uses the best risk features of Full Service Factoring is now operational. Day to Day the client submits batches broken down by customer. The client can submit batches broken down by invoice as per a normal factoring account. Collections are auto allocated to customers from the uploaded Bank file. At month end the client reconciles the period and uploads a reconciled Aged Trial Balance broken down to the invoice level. Disapprovals and Availibility is now calculated from the uploaded ATB.
Welcome to Ingenuity Systems
Ingenuity Systems is a software company which has developed a niche product ISPAR for factoring and invoice discounting companies. Our client, Scottish Pacific is a leading non-bank provider of debtor finance in Australia and New Zealand.
Ingenuity Systems is an Affiliate Member of the Institute of Factors and Discounters Australia and New Zealand (IFD).
Contact Us
For further information, please contact the CEO, Frank Fitzgerald.
| Phone | +61 (0)407476792 |
| frank@is-pl.com | |
| Address | PO Box 159 Floreat Forum, Western Australia, 6014 |
Or submit your enquiry using the form below:
About Us
Frank Fitzgerald - CEO
Frank has had over 30 years experience in software development. Prior to commencing Ingenuity Systems Pty Ltd in 1999, Frank was a joint founder and the Technical Director of All Solutions, a company specialising in developing financial software products for trust companies and fund managers. Clients included Perpetual, Asgard, IOOF, AXA, Flexiplan, Excelsior, WA Trustees, Permanent Trustees and Standard Chartered Bank. All Solutions was acquired by SunGard in 1995.Services
ISPAR - Ingenuity Systems Purchasing Accounts Receivable
Ingenuity Systems developed ISPAR as a solution for clients in Australia and New Zealand. The product has been re-developed encompassing the latest web technologies and rolled out to the Scottish Pacific Benchmark Group.
Features
- utilises the latest web technologies in a secure environment
- encompasses cloud computing for the provision of IT infrastructure
- is built on the LAMP framework - Linux, Apache, MySQL, PHP
- provides a dynamic and secure environment
- incorporates risk management features
Our point of difference is that clients can lease access to source code.
Advantages
- Smaller initial capital outlay as a result of reduced hardware requirements.
- Affordability: potential for a lower cost entry solution designed to offer your business flexibility.
- Flexibility and Responsiveness: with the access to source option your business can rapidly deploy staff to enhance or maintain the system.
- Internal IT development: your business can align the product with user requirements. The product can be dynamic and encompass advanced user functionality.
Stream
Over 10 million invoices now posted over a range of product types.
Post by Frank | Permalink | Tue 17th of Apr 2012
Our website is currently being upgraded.
We're currently finalising all of the content, so be sure to check back soon for interesting Stream content and information on ISPAR!
Post by Frank | Permalink | Tue 2nd of Aug 2011
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