Lenders are constantly seeking innovative solutions to streamline their operations, mitigate risks, and enhance borrower experiences. Using cutting-edge technology, automation is a game-changer designed to revolutionize ABL portfolio management and increase productivity. Let’s delve into the myriad benefits and features that are a must-have for lenders navigating the complexities of asset-based lending.
Collateral Monitoring for Portfolio Management
Lenders have diverse needs when it comes to asset-based lending, and require a comprehensive solution that can be tailored to meet hose needs. From traditional Commercial and Industrial (C&I) collateral tied to Accounts Receivable (AR) and Inventory to specialized areas like Agricultural and Government Contract (GovCon) lending, lenders need adaptive capabilities to ensure unparalleled efficiency and accuracy in collateral monitoring.
Compatibility with Government Contract (GovCon) lending, especially, enables lenders to swiftly and accurately calculate ineligibles, even amidst varying aging structures or cross-aging requirements.
Streamline Borrowing Base Processes through Automation
Manual processing and Excel-based workflows are a thing of the past with automation. By automating the Borrowing Base Certificate (BBC) process, lenders can significantly boost productivity while minimizing costs. Solutions with robust monitoring capabilities not only benefit lenders but also empower borrowers by simplifying operational challenges associated with manual processing and monitoring.
By offering lenders the ability to process BBCs on a daily, weekly, monthly, or on-demand basis, automated solutions can ensure seamless collateral valuation and ineligibles calculation, facilitating swift funding requests and approvals through electronic channels.
Revolutionize Marketable Securities Collateral Monitoring
With customizable closing dates and real-time stock price integration into BBCs, lenders gain unprecedented visibility into their exposure and risk profiles by utilizing solutions with built-in marketable securities collateral monitoring. Client and portfolio-level reporting further enriches decision-making by reflecting gains and deficits within top stocks.
Empowering Portfolio Management and Loan Servicing
Some solutions go above and beyond collateral monitoring, offering robust portfolio management and loan servicing. These solutions can simplify complex processes from cash collection and adjustments to interest and fee management while providing exceptional document tracking and risk management capabilities.
Seamless Integration and Customization
Solutions with REST API support ensures seamless integration with lenders’ core systems, facilitating secure information exchange through standard formats like JSON, XML, HTML, and text. Moreover, highly customizable solutions allow lenders to tailor commitments, sub-limits, and seasonal advance rates to their specific requirements, ensuring optimal flexibility and efficiency.
The Need for Unparalleled Monitoring and Servicing Features
From automated notifications and activity ticklers to customizable general ledger tracking and analyst workflows, lenders need comprehensive monitoring and servicing capabilities. Trend cards can provide real-time insights, while secure historical data storage ensures compliance and audit readiness.
Conclusion
Lenders looking to unlock the full potential of their asset-based lending operations can discover how our innovative software can transform their portfolio management, streamline processes, and elevate borrower experiences.
By revolutionizing their asset-based lending processes with a solution like Cync Software’s ABL application, lenders can embark on a transformative journey towards greater efficiency, reduced risk, and enhanced profitability. With robust features, seamless integration, and unparalleled customization options, solutions like Cync ABL emerge as the ultimate ally for lenders navigating the complexities of asset-based lending.