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BBC Easy Automates ABL Monitoring, Approvals for Borrowing Base Certificate Filings

December 19, 2012, 07:03 AM
Filed Under: Technology

BBC Easy's new online software makes it easy for banks, credit unions and finance companies to set up asset-based lending parameters with a cloud-based dashboard tool. The customer logs into the BBC Easy dashboard, sets up their account, and with the touch of one button all of the data is retrieved from their accounting package. BBC Easy then automatically generates BBCs with the correct data with supporting documentation, and then forwards it to their loan officer for review in less than 30-seconds.

Bank loan officers can then logon and review the customer's BBC and all supporting documents. With this detailed information at their fingertips, funding decisions can be made in minutes rather than the hours they currently take to complete. No more running reports, no more paperwork and no more errors. Businesses love the time savings and finance companies love the accuracy.

"Many manufacturing, transportation, staffing and service companies that have worked with Borrowing Base Certificates are painfully aware of how cumbersome and time consuming the process is... from running reports to transcribing data and performing calculations, completing a BBC is no fun," said James Walter, BBC Easy's CEO. "Every borrower or lender that sees the automated 30-second BBC immediately recognizes the tremendous value and time savings of using BBC Easy."

View video on BBC Easy site.







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