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William Stucky & Associates, Inc. (WSA)
has been a leader in the Asset-Based and
Factoring software markets for 35 years.
During this time we have developed and
implemented systems that support the
needs of lenders in all tiers of the market
- from the entrepreneurial start up to
the Fortune 100 bank. It is through these
close working relationships with lenders
that WSA products remain ahead of the
curve in terms of application features
that meet the ever changing technology, business, and regulatory trends of
today’s lender and borrower.
WSA came to prominence with
outstanding Asset-Based Lending software systems. As times have changed
so have our products. Our flagship
system, NT\ABL, was recently reintroduced under the .NET framework.
Many of our existing lenders migrated
to ABLM.NET to leverage off the latest
technology and new lenders sought
out WSA solutions as a result of our
commitment to remain current with
the latest development standards.
Borrowers also want to reap the
benefits of system enhancements.
Borrower facing web portals are
a standard in all of our products.
Customer demands for readily available reporting and interactive access
points resulted in StuckyNetLink.NET
and NovaCS Web – internet portals
for ABL and Factoring borrowers to
communicate with their lender. Both
offer the borrower secure, real time,
interactive communication 24/7/365.
Web portal apps, hosted by the lender
or WSA, deliver statements, check images, debtor credit decisions, accounts
receivable updates – in addition to
what the borrower can ‘get’ from the
web portal, they can also ‘give’ information and data to the lender; posting
debtor invoices, keying debtor credit
requests, funding requests, and agings
can easily be delivered to the lender.
In 1998 WSA was chosen to develop
the most comprehensive Factoring
system to date. The evolution of that
effort is seen today in
Stratus. It is these Factoring applications that set us apart from other
software companies. With over $35
Billion dollars in Factored receivables
managed on WSA Factoring systems
worldwide we can easily say that we
are the leading vendor of Factoring
Stratus systems deliver what the lender
and their borrower demand – efficient
and reliable management of account
While the ABL and Factoring businesses are similar – it’s where they are
NovaCS.NET and Stratus
set us apart.
The successful Factor will understand that efficiently managing
collateral details will benefit all. In
a typical day the ABL lender will post
a single collateral update for its borrower but the Factor will easily post
1,000’s of collateral updates. NovaCS.
NET and Stratus have robust algo-
rithms to process data files without
user involvement and exception han-
dling work queues. The work queues
are a dashboard to management of
items pending resolution, a vehicle
to allocate work among staff, and an
efficient way to recall diary items that
require follow up.
Successful lenders are quick to
adapt new and cost effective ways to
managing their portfolios. No longer
are we asked about nice-to-haves - au-
tomation, data mining, security, ease
of use, multi-currency, and multi-lin-
gual capabilities are all ‘must-haves’
for lenders to remain competitive and
compliant in today’s environment.
Expansion of WSA ABL and Factor-
ing systems in recent years into the
European, South African, and Canadi-
an markets tell us that the challenges
of our domestic lenders are the same
as those in other countries.
Being able to foresee and adapt to
changes in business models and economic climate has made our software
clients successful and we embrace the
same approach to working side-by-side with these innovative lenders.
For more information about William Stucky &
Associates, Inc. or any of our products you
can contact Rosanne Doyle at (570) 941-
9037 or Rosanne.Doyle@Stuckynet.com.
STAYING ON The
JUST GOT eASIeR
BY ROSANNe DOYLe