Clip Factory is available for Axis cameras only. Axis cameras can record live video in a never-ending continuous loop. The loop can be as long as 96 hours. With Clip Factory you can review index images (1 minute thumbnails) to find points within the recorded loop to download. Download from 1 to 20 minutes of live recorded video from any time-period within the last 72 hours (3-days).
While Clip Factory gives you access to live recorded video, Timelapse Factory is available for all cameras (not just Axis) and creates only time lapse movies.