Ethniki Factors has proceeded to adopt the EDI solution from ENTERSOFTONE IMPACT, achieving complete digitization of the invoice submission process and automated notification of business receivables. In this context, Ethniki Factors, a specialized business debt collection agency and subsidiary of National Bank, is modernizing its services by introducing a new digital connectivity standard with partner businesses, aimed at improving the quality and speed of data exchange.
Ethniki Factors: New digital communication environment
The new end-to-end data flow ensures direct exchange and registration of documents between the information systems (ERP) of both parties. This way, communication transitions to a fully automated digital environment, definitively eliminating the need for Excel or PDF files, as well as data exchange via email.
The implementation of automatic data validation mechanisms ensures absolute validity of information and eliminates errors from manual entries, while monitoring the flow through the EDI Management Console enhances transparency and operational control at every stage.
ENTERSOFTONE IMPACT’s EDI solution allows connectivity with any existing operational system, without requiring modification of businesses’ existing infrastructure. Additionally, companies already integrated into ENTERSOFTONE IMPACT’s EINVOICING network can immediately activate the new service as EDI ready, reducing implementation time and accelerating business value creation.
By leveraging the EDI service, Ethniki Factors strengthens the digital transformation of the assignable receivables notification process, emphasizing data reliability, automation, and optimization of operational procedures.
Alexandros Kontopoulos, Managing Director of Ethniki Factors stated: “At Ethniki Factors we continuously invest in solutions that simplify processes and reduce service time for our clients. Our collaboration with ENTERSOFTONE IMPACT reinforces our commitment to offering modern factoring services that meet the market’s growing needs for simplicity, speed, and reliability.”
