Using the ABLSoft system over the last 3 years, a large regional bank headquartered in Georgia has grown their portfolio by over 50% without adding additional headcount. Challenge: The Bank had been utilizing a legacy asset-based lending software, which resulted in an excessive number of…
Industry Assets – October 2023 Before the advent of asset-based lending software, most lenders relied on Excel spreadsheets to manage and monitor the collateral supporting their Borrowing Bases. It was considered the most efficient and versatile method back then, but came with its fair share…
This is the first in a series of three that provide an overview of Asset-Based Lending. Through asset-based lending, businesses can get access to much-needed working capital. The borrowing base certificate is the core concept of asset-based lending and the key processing challenge for lenders….
Asset-based lending, ABL, has become a flexible financing option among businesses. However, it is not only beneficial for borrowers but also for banks. By offering asset-based lending programs, banks can tap into a lucrative market, diversify their portfolios, mitigate risk, and foster long-term client relationships….
Challenge: With key staff retiring, a Lender needed to replace their aging proprietary system in a tight timeframe and budget while ensuring no disruption to clients. A well-established financial company in Georgia needed to replace its proprietary finance system built on an old version of…
Financial institutions that want to remain competitive in today’s market know they must accelerate their digital transformation initiatives. They understand that users demand faster mobile services, personalized products, and transparency in the lending process. In recent years, nimble fintech startups have played a critical role…
The commercial lending industry is undergoing a rapid digital transformation with mounting customer expectations and an influx of new financial technologies. The modern landscape can be daunting if you’re considering a new software. It is easy to go down a wrong path and fall into…
We know that portfolio diversification is an important tactic in hedging risk – even when you have a market specialty. There are a number of variables which impact Borrowing Base Availability and whether a department or agency will fund asset-based lending deals; even more so…
A pandemic came out of nowhere and has hit the economy hard. It has affected global logistics and supply on a scale we’ve never seen before, which has had a trickle-down effect on ABL lenders. Depending on where you sit in the ABL ecosystem,…
The holidays are over, we’ve made our New Year’s resolutions and our minds are still fresh and clear. Let’s take this opportunity to reflect on the future of asset-based lending; asking ourselves a few key questions as we enter a new year: What are the…
