We\u2019re proud to announce major enhancements to our digital borrowing base capability. This includes Instant Borrowing Base<\/span>\u2122, <\/b>a new feature that allows borrowers to pass key data (agings, financials) directly from their accounting systems to ABLSoft. This has been a year in the making and we\u2019re excited to see it in action.<\/span>Every lender we meet wants the same thing: portfolio growth.<\/span><\/p>\n They see the opportunity but feel constrained by their own outdated processes.<\/span><\/p>\n \u201cCan we handle it?\u201d, they ask themselves. \u201cCan we scale our portfolio without surging headcount?\u201d\u00a0\u00a0\u00a0<\/span><\/p>\n The answer is \u2018Yes, you can\u2019. That\u2019s exactly what digitizing your borrowing base <\/span>will <\/span>allow you to do. However, it requires a strategic commitment to intelligent automation. Like anything, there is a learning curve – but it\u2019s well worth it.<\/span><\/p>\n The basic problem is <\/span>complexity<\/b>. Every deal has its own unique structure (collateral, sublimits, reports, covenants). Every borrower has her own preferred way of sharing files (emails, password-protected Excel, PDFs).\u00a0<\/span><\/p>\n This complexity causes inefficiency. Tons of custom spreadsheets. Manual entry of borrowing base. Endless back and forth with emails.\u00a0<\/span><\/p>\n The struggle slows you down, causes burnout and hurts the client experience. Growth will falter if you don\u2019t have the right toolset.<\/span><\/p>\n Digitizing your borrowing base streamlines ABL management – from file processing, BBC submission and availability calculation. It cuts the manual effort of collecting files, calculating availability and tracking covenants. No more chasing down files, manual entry or doing custom calculations. ABLSoft provides the full picture, so you can efficiently approve advances.<\/span><\/p>\n The first ingredient is seamless file submission. Borrowers can share files (Agings, BBC, Inventory) however they want. ABLSoft automatically maps Excel docs, converts PDFs and supports online entry of BBC.\u00a0 Even more, with Instant Borrowing Base<\/span>\u2122<\/b>, borrowers can connect directly into borrowers\u2019 accounting systems (QuickBooks, Xero, Sage, etc.) to pull agings, financials and generate the BBC.\u00a0<\/span><\/p>\n The second ingredient is intelligent processing. ABLSoft\u2019s flexibilty enables fully customizable deal structures (sublimits, ineligibles, covenants). This granularity enables us to accurately and instantly calculate availability. <\/span>You can lend with confidence, without all the manual work<\/span><\/p>\n Want to see it for yourself? <\/span>\u00a0<\/b>Email us and we\u2019d be happy to share a demo.<\/span><\/p>\n Remember – efficiency is the first step to sustainable growth. Onward!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Unlocking growth We\u2019re proud to announce major enhancements to our digital borrowing base capability. This includes Instant Borrowing Base\u2122, a new feature that allows borrowers to pass key data (agings, financials) directly from their accounting systems to ABLSoft. This has been a year in the making and we\u2019re excited to see it in action.Every lender […]<\/p>\n","protected":false},"author":2,"featured_media":17,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nBack-office struggle<\/h2>\n
There\u2019s a better way<\/h2>\n