advertising section technology
Does your software talk to you? Does it
tell you a client’s funding request needs
attention? Does it tell you that another
client’s financial trends have taken an
Aquarius from HPD Software LLC
talks to users.
Lenders expect a lot from their factoring
or ABL system:
◗;Better risk management
◗;Enhanced experience for the client
◗;Seamless interfaces with other
◗;The flexibility to handle every
imaginable deal structure (and some
unimaginable deal structures)
To achieve these goals, excellent communication makes all the difference.
As a rule, software is passive when it
comes to communication. It tells you
things when you ask.
The best software communicates
without being asked. The best software
calls out for action based on pre-set
rules. The best software notifies the appropriate person if they need to review
and act on certain situations.
For example, when a client submits
a funding request, the best software
reviews the request and proceeds based
on business logic. In one case, the
system may allow the funding to happen
without human interference if the client
has suitable availability and the total
value of the request falls below accept-
able limits. In another case, the system
holds the funding and instantly notifies
the client’s relationship manager that
a funding request requires attention
because it exceeds a certain value. Now
the RM can either approve or disapprove
the funding and the system automati-
cally notifies the client.