ABLSoft and Decipher Credit Partner on ABL Automation - ABLSoft
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ABLSoft and Decipher Credit Partner to Provide End-to-End Asset-Based Lending Automation

kkryah, 4 months ago
13 min read

Burlingame, CA – March 25, 2024 – ABLSoft, the premier Cloud asset based lending and factoring portfolio management system and Decipher Credit, the leading loan origination and underwriting platform for factoring and asset-based lenders, announced an exciting partnership to provide an end-to-end asset-based lending automation. The partnership will enable asset-based lenders to automate the entire lending process from origination and underwriting to managing and tracking loan compliance in one seamless solution. Shared user will benefit from the assurance of a pre-vetted best of breed solution that will ensure data integrity and efficiency for lenders by eliminating laborious manual task, not to mention, time and cost savings on conducting individual research.

“Lenders today want more automation and efficiency. Our partnership with Decipher Credit gives asset based lenders a streamlined end-to-end solution covering the entire lending process, from loan origination to lending approval workflow, to tracking and managing loan performance”, said Nancy Lee, Founder and CEO of ABLSoft. “Decipher Credit is highly experienced and trusted within the receivables community and their credit origination and underwriting technology automates the processing of loan applications to mere minutes and enables lenders to benefit from advanced financial analysis tools in order to approve and close loans more quickly while ABLSoft helps lenders digitize the Borrowing Base and with flexible deal structures, easily manage loans and track loan compliance. Our services complement one another, and we share a desire to build cutting edge ABL software solutions that optimally serve asset-based lenders we have both worked with for numerous years.”

“Our partnership with ABLSoft is very exciting,” said Raul Velarde, CEO of Decipher Credit. “Through this partnership asset-based lenders will be able to accelerate the entire lending process. Offering comprehensive services will give our clients an edge over other lenders in a very competitive lending environment. ABLSoft is a leader in the asset-based lending software industry and has a proven track record in helping lenders easily manage and track complex loans. We share many commonalities, including partnering with our clients to help them reduce manual work, make better credit decisions, and increase lending efficiencies.”

The need for integration of existing commercial lending software like ABLSoft and Decipher is increasing so that lenders can cut down on manual tasks and increase efficiencies throughout the entire lending process. “The shared expertise in specialty commercial lending and commitment to technology provides lenders with an assurance of a best of breed solution ,” Mr. Velarde added.

“We are excited to give lenders a well vetted certified solution that they can trust and utilize to increase automation in every area of their lending business,” added Nancy Lee.

About ABLSoft
ABLSoft is the premier Cloud asset-based lending and factoring portfolio management software. Pioneering the first Cloud native solution for the industry, ABLSoft continues to push the envelope with its focus on intelligent automation and ease of use. The platform supports a diverse range of lending styles, from bulk to ledgered ABL, inventory lending, participations, financial compliance, APIs, and more. ABLSoft’s extensive functionality gives lenders unparalleled flexibility in lending structures and greater control over the borrower experience. Committed to a customer-first approach and dedicated to helping commerce lenders reduce friction and achieve profitable growth, ABLSoft is the foremost provider in asset-based lending and factoring solutions. For more information or to schedule a software demo, visit www.ablsoft.com.

About Decipher Credit
Decipher Credit is a financial technology company that empowers commercial lenders and asset-based lenders to offer the latest digital tools to streamline origination, accelerate underwriting and approval, and win more clients. The Decipher cloud-based platform gives commercial lenders access to a sophisticated commercial loan origination system, with an easy and secure application portal, underwriting automation, customized risk scoring, credit decisioning engine, advanced financial analysis, credit approval workflows, Credit Memo automation as well as document management with digital signature. Decipher also provides credit and background reports, bank account data verification and monitoring as well as connections to accounting systems for instant financial spreading and accounts receivable and payables analysis. For more information or to schedule a software demo, visit https://deciphercredit.com/.

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