Alliance Business Lending, LLC., a privately held provider of asset-based loans in the Midwest, and ABLSoft, Inc., a leading provider of 100% Web asset-based lending software, announces the successful integration of Alliance’s asset based lending loan portfolio into ABLSoft’s Professional software.
Alliance Business Lending began operations in January, 2012 and selected Radar from several systems it reviewed in conjunction with its IT consultant. Alliance determined the Radar system offered a combination of sophistication and simplicity required to meet its internal needs as well as those of its target borrowers. One of the key functions Alliance required was a user friendly web portal which would allow it’s borrowers to electronically submit advance requests and their required reporting.
Because Radar is cloud based, as a startup, Alliance was able to realize an immediate cost savings due to the minimal in–house IT effort required to bring the system online. With no on site servers, Alliance was able to focus its resources on marketing and building its brand awareness, The cloud access and price structure was viewed as a strong benefit for a start-up business.
“The Radar software has been well received both by our borrowers and our operations staff. Our clients are looking for efficient methods of providing reporting and interacting with our back office operations to assist in keeping their costs down. Likewise, the electronic storage Radar provides allows Alliance to maintain a minimal amount of paper-based records, allowing us to maximize our efficiency. Where necessary, the ABLSoft customer service and support team have been very responsive in addressing issues and adapting the system to meet our specific needs. Our borrowers like the modern feel and appearance of the system, and find it very easy to navigate,” said Steve Kieffner, President and CEO of Alliance Business Lending.
Alliance’s clients have found the system to be quite easy to integrate into their processes, typically requiring less than a month to fully adapt.
Headquartered in Cincinnati, Ohio, Alliance Business Lending began operations in January, 2012, and has become a recognized asset-based lender in the Midwest. Alliance offers working capital lines of credit between $1 million to $6 million secured by accounts receivable, inventory, and machinery & equipment. It provides state of the art collateral monitoring and loan administration services, and is focused on the small to medium size business market primarily within the states of Ohio, Kentucky, Indiana, West Virginia, Tennessee, and Pennsylvania.
With well over a decade of investment in scalable Web-based financial solutions, ABLSoft’s Radar software offers a new generation of commercial lending software for banks, asset-based lenders and factors. ABLSoft’s 100% Web asset based lending software offers a state-of-the art and user friendly environment for collateral monitoring, invoice detailing, and risk management.