advertising section technology
account entries for all the daily
◗;Instant Credit will process debtor
credit requests and grant one
time order approvals or revolving
credit lines depending on the client
preference. Internal and external
debtor credit history is weighted
and evaluated with the flexibility of
client specific tolerances. Instant
Credit decisions are just that –
instant. The decision is available
immediately on the NovaCS web
pages and via e-file several times
throughout the day.
◗;Paperless Reporting is another
time-and-money saving feature of
our factoring systems. All daily and
monthly client reporting is placed
on the NovaCS web pages for retrieval by the client. The options of
viewing, printing, or downloading
to excel exists with all reports.
◗;Lender rates, balances, and collateral activity are communicated
electronically to internal and
external partners – trading partners
(such as FCI), general accounting
systems, lender treasury departments, clients, and others.
WSA has long been recognized as the
industry leader for Asset-Based Lending software, but in recent years our
prominence as a Factoring software
provider has taken off.
In 1997 WSA began development of
Nova Commercial Services, known as
NovaCS. This product has been successfully installed in many factors in
the United States. A ‘lite’ version of
the system, Pegasus, was recently released to meet the needs of the entry
to mid level lender. Pegasus, is gaining
international recognition and is currently installed in South Africa.
NovaCS and Pegasus are both
end-to-end processing systems with
tremendous flexibility and share a
state-of-the art client facing web front
end. Many of the system features
are automated to ensure maximum
efficiency by the lender.
challenge banks, the Factoring and
Asset-Based Lenders are poised for
success. The lenders using WSA products understand the importance of
accurate, immediate, and detailed collateral management. The WSA suite of
products offers the lenders the tools
they need to meet these needs. At the
same time our Factoring web pages
offer the borrowers secure and easily
accessible collateral and loan reporting information along with interactive
links to transmit data and communicate with their Account Managers.
Today we are proud to support in
excess of $16 billion in worldwide
factored volume with this number
expected to grow to in excess of $25
billion before year-end 2010.
We have been able to achieve this
level of success and recognition by
utilizing an experienced and talented
staff of developers and business analysts while working alongside some of
the premier lenders of the last decade.
As WSA enters its 31st year in business
we remain excited about the opportunities that await us in the ever flattening world of Asset-Based Finance.
◗;Auto Cash acts as a ‘mini’ 820 process
by taking a bank file with remittance
details and closing invoices, writing
adjustments, and creating cash on
Within a single database NovaCS and
Pegasus can support a multitude of
transaction types: old line factoring,
non-disclosure factoring, credit insur-
ance and underwriting, asset based
loans, term loans, and various other