Integrated into the Factor SQL suite, ABL/SQL offers financial companies a single solution for factoring and asset-based lending (ABL) management. It facilitates the provision of alternative financing, minimizes manual data entry, streamlines ABL processes, and boosts operational efficiency.
To help factors automate key operations, ensure data accuracy, and provide feature-rich customer support, ABL/SQL offers the following functionalities:
- Borrowing Base Certificates (BBCs) User-friendly screen for tracking Accounts Receivables and other collateral, mirroring BBCs provided by clients, Detailed invoices and collection monitoring with automatic data transfer to the Borrowing Base Master, Generation of BBCs on behalf of clients
- Ineligible Master Classification of ineligible receivables based on Accounts Receivables aging, etc., Automatic calculation of ineligible receivables via detailed invoice tracking, Client document management
- Fees Provision to charge fees for Unused Line, Over the Credit Line, and Collateral Management Cost, User-defined interest post day, Option to post interest back to the loan or directly collect it from the client, Minimum monthly fee and monthly processing fee setup
- Reporting Detailed Borrowing Base Ledger for a given period, Client Summary Report for ABL clients
- eFactor Optional add-on module giving clients Web-based access to Loan balances, Select reports, Real-time BBC submission, Share contracts and other client documents
- Flexible structuring of asset-based loans
- Intuitive interface
- Client-relationship-oriented functionality
3i Infotech’s rich domain expertise ensures that businesses derive maximum benefit from ABL/SQL.
- Streamlined operations with single-application access for factoring and asset-based lending management
- Increased productivity with minimized manual data entry
- Enhanced data security and accuracy
- Real-time, electronic access to data
- Efficient loan and collateral monitoring