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…
We’re excited to announce the launch of Instant Borrowing Base (IBB). This new capability enables borrowers to pass key data (agings, financials) directly from their accounting systems to ABLSoft. IBB supports real-time import from 9 accounting systems, including QuickBooks, Sage, and Xero. No more chasing…
Unlocking growth We’re proud to announce major enhancements to our digital borrowing base capability. This includes Instant Borrowing Base™, 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…
