provides complete outsource processing for banks and other financial institutions who would like to offer their clients an Asset-Based Lending product supported by the bank client’s accounts receivable. Many financial institutions do not have the time or manpower to administer these lines in a safe and timely fashion. makes the management of these programs easy due to the quality and versatility of our software platform and the experience and expertise of our back-office personnel. Complete visibility into a fluctuating real-time daily borrowing base helps give total transparency to the bank/funding source. Real-time reports make it easy for the financial entity to manage the borrowing base while outsourcing the workload to 's Processing Center.




's partners select the way they want the borrowing base processed including which safety/business rules they would like incorporated. The program is completely customized to the bank's credit culture. 's experienced Processing Center staff does the work.

In other words...you custom design the controls to fit your credit culture, you create the controls, and you set the controls. processes according to your pre-set controls.

Our financial partners can choose and customize any of the following safety controls and will then process according to the pre-selected safety controls as defined by the bank.

• Customer Credit
  provides comprehensive credit analysis of the company paying the invoice, referred to as the bank client's customers. The bank will then decide what credit rating will be selected to exclude invoices from the borrowing base. 's Processing Center will exclude all such invoices from the borrowing base.
  
  
• Type of Administration
  offers the bank two types of administration to choose from:
  1. Invoice-Specific: This would require the bank clients to upload their invoices and payments via their accounting package.
  2. Aging Upload (invoice-specific): Bank clients upload their invoice agings on a predetermined basis. This can be done daily to provide real-time accounts receivable monitoring. No more being in the dark for 30 days while waiting for the next month's aging.
  
  
• Redirection of Payment
  At the bank's selection, will either:
  (a) contact each of the bank client's customers to notify them of the relationship between the bank and the bank client and to redirect payment to the bank's lockbox, or
  (b) notify each of the bank client's customers regarding the bank client’s change of address for payment remittance.
  
  
• Validation
  Validation refers to making sure the invoice is "real". will validate each invoice in the borrowing base according to the validation parameters pre-selected by the bank/funding source. Validation can be done on an individual invoice basis or on a sampling basis, and there are many different types of validation. A complete customization of the validation controls will be setup when each client is admitted to the program.
  
  
• Verification
  Verification relates to verified accuracy of the information on the invoice itself. 's experienced staff will conduct verification checks on invoices which support the borrowing base according to the verification parameters established by the bank.
  
  
• Drop from Borrowing Base:
  Safety rules can be set to exclude invoices that have reached x number of days from the borrowing base.
  
  
• Customer Concentration:
  The bank can set up an overall customer concentration percentage that applies across the entire portfolio. When an invoice from a customer that exceeds the preset percentage enters the borrowing base, it will be rejected. Depending on the individual set of circumstances, the bank/funding source has the flexibility to override this safety rule if they so choose.
  
  
• Maximum Invoice Age:
  Safety rules can be set to exclude invoices that are x number of days old from entering into the borrowing base.
  
  
• Maximum Invoice Amount:
  Any invoice that is a preset amount can be excluded from entering into the borrowing base.
  
  
• ECP:
  Any new invoice can be excluded from the borrowing base if it belongs to a customer that has existing invoices in the borrowing base that are already past their expected collection period (ECP).
  
  
• Collections:
  's trained collectors will professionally and sensitively conduct collection activity which will speed up payments.
  
  
• Posting:
  specialists will post from a feed or file copy supplied by the bank— taken from checks that went to the bank's lockbox. Posting will be done in the system the same day the information reaches our Processing Center.
  
  

All work performed at the Processing Center is done professionally and in a timely manner. This valuable service enables banks to take advantage of offering Asset-Based Lending to their clients without the hassles of the extra workload involved in maintaining them.