CA Apparel News: Hana Financial’s IT Factor

Hana Financial has been an innovator in the financial and factoring arena since its farsighted founder, Sunnie Kim, created the company in 1994. From its early days in equipment leasing, Hana has grown to be a top-seven factor and top-25 SBA lender in the country, with offerings that include trade finance, wealth management, and home mortgage.

It is no surprise, then, that Hana has been all over the information technology (IT) revolution as it applies to the apparel industry–more widely referred to as e-factoring. Hana’s e-factoring system is a web-based internet application that covers many aspects of the factoring process: requesting credit approval, advances, and L/Cs; viewing aging reports; and checking fund availability, statements, collection reports, check images, and accounts-payable invoices. Hana consistently has invested in research and development in the IT arena and today boasts a track record second to none.

For the rest of the story, please click here.