CIT Commercial Services, part of First Citizens Bank, provides factoring with cash advances on accounts receivable, credit protection, and receivables management. AIMS360 apparel software integrates with CIT to automate order credit approvals, invoice assignments, and factored receivable tracking for better cash flow.
CIT Commercial Services, part of First Citizens Bank, has been a fixture of American factoring for over a century, and the relationship still runs on two documents: the credit approval before goods ship and the invoice assignment after they do. AIMS360 handles both through the integration, so orders reach CIT for approval without re-keying, denials come back flagged for review, and every invoice for shipped goods is assigned automatically with the proper remittance details.
AIMS360 sends your orders to CIT Commercial Services for credit approval through the integration before goods move. Approvals return onto the order, denials are flagged for review, and when approved goods ship, the shipped items are invoiced and each invoice is automatically assigned to CIT with the proper remittance details. Your retailer pays CIT, your funding follows your agreement, and the paperwork side of factoring runs itself.
A naming note: CIT Commercial Services has operated as a wholly owned subsidiary of First Citizens Bank since the two merged in 2022, and it still goes to market under the CIT name. Whichever name is on your paperwork, this is the same factoring operation and the same integration.
CIT traces its roots to 1908, when it began as the Commercial Investment Trust, and its commercial services arm grew into one of the best-known names in US factoring. Today CIT Commercial Services operates as a wholly owned subsidiary of First-Citizens Bank & Trust Company, which gives the factoring business a large bank balance sheet behind it. Its published services run from classic factoring and international factoring on a non-recourse, notification basis to receivables management tools and asset-based lending, and its stated industry focus reads like an AIMS360 customer list: apparel, accessories, footwear, consumer electronics and furniture.
For a brand selling department stores and chains on terms, a factor of CIT's scale means a credit department that already follows virtually every retailer you would ever ship. Whether CIT is the right factor for your brand is a decision you make with their team under your agreement; advances, fees and credit decisions are theirs and yours, not your software's, and this page is not financial advice.
| Step | What happens in AIMS360 |
|---|---|
| 1. Order entered | A wholesale or EDI order lands in your normal queue, tied to the customer whose credit CIT will be asked to approve. |
| 2. Sent to CIT | The order goes to CIT for credit approval through the integration, with no re-keying into a separate portal. |
| 3. Approved | The approval comes back onto the order and stays with it through allocation, picking and shipping, so credit status is visible wherever the order is. |
| 4. Declined | Denials are flagged for review, and your team decides on the record: hold the order, request a revised approval, ship as a house account at your own risk, or ask for payment up front. |
| 5. Shipped and invoiced | Invoices are generated for the items that actually shipped, so partial shipments invoice for exactly what left the building. |
| 6. Assigned to CIT | Each invoice is assigned automatically with the proper remittance details directing your customer to pay CIT, and the factored receivable is tracked from there. |
It is the same spine that runs every factor AIMS360 connects to, so a financing change never becomes an operations change. The factor approvals and assignments page walks the workflow in depth.
The CIT credit approval is requested from the order and returned to the order, so "did credit clear this shipment" is a lookup, not an email thread, all the way through the warehouse.
When CIT's credit team declines, AIMS360 flags it so your team responds deliberately instead of finding out after an unapproved shipment already went out on your own credit.
Every invoice for shipped goods carries the assignment and CIT remittance details the moment it is created, in slow weeks and in the pre-holiday crush, because it is built in rather than remembered.
Factored invoices are tracked as assigned to CIT from creation, so your ledger and your factor's ledger agree by default and disputes do not age receivables while people compare spreadsheets.
CIT's industry focus and EDI retail overlap almost completely: the brands factoring with CIT are shipping the same department stores and chains that demand EDI compliance. In AIMS360 the EDI 810 invoice is generated from the same shipment record as the 856 ASN and the physical cartons, and it follows the same assignment discipline as any printed invoice. The retailer gets its compliant document and CIT gets a properly assigned receivable, both from one record.
Run separately, the EDI routine and the factor routine touch every invoice twice, and each difference between them becomes a dispute that ages a receivable. AIMS360 runs EDI natively inside the ERP, so the factoring flow and the EDI flow are the same flow, which is the quiet reason integrated factoring pays for itself in EDI-heavy books.
This page is for brands that factor with CIT Commercial Services, or are moving to CIT and want operations ready on day one. Whether CIT is the right factor for your brand is between you and their team under the agreement you sign; we make no recommendation between factoring partners.
If you factor elsewhere, the same workflow connects AIMS360 to the other partners on our financing integrations page, including Hilldun, Merchant Financial Group, Wells Fargo, Rosenthal, Resolve, Milberg Factors, White Oak, Hana Financial, First Capital, SLR Business Credit, HSBC, Webster Bank and Truist. Brands that split their book run factored customers through approval and assignment while house accounts skip both, all in one order and invoicing flow.
Yes. AIMS360 sends orders to CIT for credit approval, returns approvals and denials onto the order, and automatically assigns invoices to CIT with the proper remittance details when shipped goods are invoiced. The workflow lives inside the ERP rather than in a separate routine.
Yes. CIT Commercial Services operates as a wholly owned subsidiary of First-Citizens Bank & Trust Company following the 2022 merger, and it continues to serve factoring clients under the CIT name. The AIMS360 integration applies regardless of which name appears on your agreement.
Orders for factored customers are sent to CIT for credit approval through the integration, and the response comes back onto the order. The approval then travels with the order through allocation, picking and shipping, so credit status lives where the work happens.
The denial is flagged for review in AIMS360, and your team decides deliberately: hold the order, request a revised approval, ship as a house account on your own credit, or ask the customer for payment in advance. A denial becomes a recorded decision, not a shipment that slipped out.
Automatically, at invoicing. Each invoice for shipped goods carries the assignment and the remittance details directing your customer to pay CIT, so no factored invoice goes out with the wrong payment instructions and no batch waits for someone to remember it.
Yes. The EDI 810 invoice for a retailer is generated from the same shipment record as the 856 ASN and follows the same assignment flow as a printed invoice, so factored EDI business runs as one process instead of a retailer routine plus a factor routine.
Yes. Factored customers go through approval and assignment, house accounts skip both, and everything stays in one order entry and invoicing flow. Splitting the book is common and the workflow is designed for it.
Invoices are generated for the items that actually shipped, and each is assigned to CIT as it is created. A partially shipped order produces a correct assigned invoice for the shipped units, and the balance follows the same path when it ships.
Advances, fees and terms are set by your factoring agreement with CIT, and we are not part of that negotiation. On the software side, factor approvals and assignments are part of the AIMS360 workflow, and AIMS360 charges no per document fees of its own.
Very little, operationally. Your factored customers are mapped, the approval and assignment flow is pointed at CIT, and the order to invoice routine your team already runs stays the same. Moving factors is a configuration change, not a new operating procedure.
Last reviewed 8 August 2026 by the AIMS360 product team.
Reviewed against the AIMS360 factor integration workflow and CIT Commercial Services' published solutions at First Citizens Bank. This page describes software workflow, not financing terms; your agreement with CIT governs advances, fees and credit decisions, and partner details can change.
Bring a real order and a factored customer. We will walk it from entry to credit approval to an assigned invoice, and show you where the manual steps disappear.
