Less application revision and smoother contract preparation
Loans, leasing and factoring require different documents and checks. One of the most important financial situations of a client, another is additionally checking assets or financing an account.
The consumer's ability to discharge obligations is assessed. There is usually no administration of physical assets.
The lender evaluates the company's cash flows, existing liabilities and funding purpose. Non-standard conditions are examined and approved by responsible specialists.
The terms of funding are linked to the specific object, supplier and contractual transfer and insurance.
The account presented, its buyer, seller and payment conditions are evaluated. It is separately examined whether the payment is delayed due to a dispute or because of the buyer's solvency.
The funder accepts applications directly or through trading partners and supervises the contract throughout its duration. The client expects clear requirements, an understandable answer and convenient service of the contract. The convenience of filling in the application must be combined with an appropriate risk assessment and a decision by an authorized specialist.
Data of the client, funded property and partner are collected. The client learns what is needed to examine the application.
The specialist checks the submitted documents, their validity and the information on which the financing assessment depends.
A financing decision is made according to the applicable rules. its justification is preserved and approved conditions are provided to the client.
Before payment, the conclusion of the contract and the fulfilment of all necessary conditions are verified. The actual transfer is linked to the financing agreement.
Monitoring payments and scheduled time limits for asset verification. Delays or customer requests are dealt with along with relevant contract and settlement information.
Information is mainly held in separate files or notes. Employees pass it on and reconcile it manually.
Teams record their work consistently, but sharing information with colleagues still requires considerable manual checking.
Core work is managed in systems. Some information is transferred automatically, but repeated data entry remains.
Systems deliver the required data on time. Employees can see unfinished work and know who is responsible for resolving discrepancies.
The team checks data quality, evaluates results and uses them to improve operations. Automation is applied where its value can be demonstrated.
Smoother data collection helps to start the evaluation faster. The accepted conditions need to be transferred for performance of the contract and the subsequent payment issues are examined according to the specific situation of the customer.