SAQA

All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Manage the operational aspects of the factoring relationship with supplier

SAQA US ID	UNIT STANDARD TITLE
12746	Manage the operational aspects of the factoring relationship with supplier
ORIGINATOR
SGB Banking and Micro Finance
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Finance, Economics and Accounting
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 4	NQF Level 04	8
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Reregistered"		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2026-06-30		2029-06-30

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.

This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

PURPOSE OF THE UNIT STANDARD

This unit standard is intended for learners responsible for operational aspects of the factoring relationship.

Persons credited with this unit standard will be able to demonstrate a knowledge and understanding of the operational requirements from a factoring perspective and from the supplier`s perspective, educate the supplier representative and resolve operational problems.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Open.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Demonstrate knowledge and understanding of the operational requirements from a factoring perspective

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1.The operational factoring process is described according to the factoring house's systems and procedures.

ASSESSMENT CRITERION 2

2.The processing procedures are explained in terms of the requirements of the factoring house's systems and procedures.

ASSESSMENT CRITERION 3

3.The risks associated with receipt and processing of the supplier's offer are understood and explained according to the factoring house's risk management procedures.

ASSESSMENT CRITERION 4

4.The risk management procedures associated with processing an offer are understood and explained according to the factoring house's risk management procedures.

ASSESSMENT CRITERION 5

5.Documentary criteria to be met by the supplier are understood and explained according to the factoring house's systems and procedure.

SPECIFIC OUTCOME 2

Demonstrate knowledge and understanding of the suppliers requirements from factoring

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1.The nature and type of business conducted by the supplier is identified according to analysis of the supplier's debtors and invoices.

ASSESSMENT CRITERION 2

2.The nature of the supplier's requirements for cash flow are identified and explained according to the supplier's creditor and statutory payments.

ASSESSMENT CRITERION 3

3.The supplier's administrative process is understood and explained according to the suppliers accounting systems and practices.

ASSESSMENT CRITERION RANGE

Debtor accounts, creditor accounts, management accounts. Evidence of competence across the entire range is required.

ASSESSMENT CRITERION 4

4.The general quality of the supplier's debtors is identified according to the debtor's age analysis.

ASSESSMENT CRITERION 5

5.The general terms of sales to debtors are explained according to the supplier's credit policy and procedure.

SPECIFIC OUTCOME 3

Educate the supplier representative.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1.The details for the submitting an offer of invoices is explained in a manner the supplier should understand in line with the factoring houses standard procedures.

ASSESSMENT CRITERION 2

2.The documentation required from the client is explained and its use demonstrated to the supplier's representative.

ASSESSMENT CRITERION 3

3.Common errors made in submitting an offer of invoices are explained according to the factoring houses records.

ASSESSMENT CRITERION 4

4.Common problems experienced with offers of invoices are highlighted and explained according to the factoring houses records.

SPECIFIC OUTCOME 4

Resolve suppliers operational problems.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1.A supplier's lack of adherence to the factoring offer requirements are identified and brought to the supplier's attention according to the factoring house's policy and procedure.

ASSESSMENT CRITERION 2

2.Reasons for any invoices not factored are furnished according to the factoring house's policy and procedure.

ASSESSMENT CRITERION 3

3.Reasons for invoices not processed are furnished according to the factoring house's policy and procedure.

ASSESSMENT CRITERION 4

4.Requirements to rectify unprocessed invoices offered are explained according to the factoring house's policy and procedure.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

1.Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2.Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
3.Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

General knowledge of the factoring industry.

Operating and computer systems knowledge sufficient to locate the necessary information and complete the task/function.
General understanding of the specific risks and relevant policies relating to processing factoring transaction.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

To identify and solve problems when reasons for invoices not processed are furnished and the requirements to rectify unprocessed invoices offered are explained.

UNIT STANDARD CCFO COLLECTING

To collect, organise and critically evaluate information when the general quality of the supplier`s debtors is identified according to the debtor`s age analysis.

UNIT STANDARD CCFO COMMUNICATING

To communicate effectively both verbally and in writing when the documentation required from the client is explained and its use demonstrated.

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015.

UNIT STANDARD NOTES

Legal Requirements

All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task.

Terminology

Supplier - A term used in factoring to refer to the party who supplies the invoices for discounting. The term is used to distinguish this party from the terms used for debtors and creditors.
Offer - a term used to refer to the invoices presented to a factoring house for discounting.
Debtor`s age analysis - a report reflecting the length of time debts have been outstanding (expressed in the following terms current i.e. within 30 days of invoice; 30 days after invoice; 60 days after invoice; 90 days after invoice; 120 days after invoice and 120 plus).

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Elective	20185	Further Education and Training Certificate: Banking	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	BANKSETA

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD:

This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.

1.	AAR Trading and Projects (Pty) Ltd
2.	Advanced Assessments and Training (Pty) Ltd
3.	Africa Glory Empowerment Services
4.	Assured Vocational Skills Institute (Pty) Ltd
5.	Brainwave Project 707 Pty Ltd
6.	Brainwave Projects 707
7.	Compuscan Academy
8.	DC Academy
9.	Delmas Development Centre
10.	Fachs Business Consulting and Training
11.	Gigimo Tourism Academy
12.	MAT 007 (PTY) LTD
13.	Matibidi Raphela Investments (Pty) LTD
14.	Octomate Education Pty Ltd
15.	Octopus Training Solutions
16.	Production Management Institute of Southern Africa (Pty) Ltd
17.	RIAPHATHUTSHEDZA
18.	SIGNA ACADEMY (PTY) LTD
19.	Sinovuyolethu Trading (Pty) Ltd
20.	THE SHERQ CENTRE OF EXCELLENCE PTY LTD