One of the greatest strengths of the ABLSoft platform is its flexibility. While we are committed to providing each client with a bespoke build of the platform, our commitment to flexibility extends to core functionality as well. The BBC workflow is a good example of this not only due to how central the borrowing base is in ABL, but also because of how many different ways we support entering client BBC information.

Just as we support all flavors of ABL, we support a wide variety of methods for entering and adjusting your borrowing base. Whether it be the client who submits documentation or the lending team, whether a third-party integration is needed, or whether you need ledgered ABL support, the ABLSoft platform has a sleek workflow that can improve efficiency.

Below are some of the various workflows we offer and the unique advantages each one has.

1. Borrower Uploads BBC in the Client Portal

This is one of the more straightforward workflows, wherein the Lender handles all of the calculations after the Borrower uploads their document to the system. 

1. Borrower uploads the BBC/AR document to the portal
2. The Lender then maps or parses the AR and publishes the data
3. Rollforward processing and ineligible reconciliations are adjusted manually by the Lender
4. If borrower submits an advance request, the Lender can then review and approve any requests directly in the portal

2. Digital Borrowing Base: Borrower BBC is attached during Advance Request submission

If the Lender’s process involves Borrowers submitting their own rollforward and ineligibles, this is the workflow to use. This method allows Lenders to compare the Borrower’s ineligible entries against the system’s calculations and the aging balance to the rollforward balance.

1. Borrower adds an aging document to the BBC interface to enter ineligibles, sales, collection, then submits
2. Lender is notified and goes to Approval Worklist screen
3. Lender processes the document from the Approval Worklist
4. Warning flags show up on Lender Approval BBC screen to indicate differences
5. After reconciling variances, Lender can approve requests
   

   

3. Instant Borrowing Base: Borrower BBC is imported via accounting software

If you get BBC information from a third party, that’s no problem for the ABLSoft system. After integrating, it’s a very simple process to import the borrower’s data into the platform.

1. Borrower initiates push via their accounting system in our BBC Screen
2. Transactions are digitally pulled into the system and Ineligibles, Sales and Collection are automatically calculated
3. System calculates draft BBC, which is then sent to both the borrower and to the lender for review in Excel format via email
4. Borrower can make changes and then officially submit
5. Lender notified and goes to Approval Worklist screen
6. Warning flags show up on Lender Approval BBC screen to indicate differences in ineligible calculations
7. After reconciling, Lender can review and approve requests

4. Ledgered ABL BBC Import

This is the ideal method for lenders who need to tag and detail cash as part of their process. In addition to this unique workflow, our ledgered ABL solution includes bespoke reporting options.

1. Borrower uploads invoices as a sales journal and processes the document or enters individual invoices on the Invoice Entry screen
2. Lender approves invoices
3. Lender posts payments to invoices when they are received 
4. Lender calculates ineligibles either for the loan or the entire portfolio
5. Borrower makes advance request through borrowing base screen and submits request
6. The Lender can then review and approve any advance requests

For more detailed information, or if you would like to see a demonstration of any of these workflows, please contact sales@ablsoft.com