Automating the Back Office: The First Step in ABL Modernization
Why Start with Back-Office Automation? In the context of asset-based lending, the “back office” refers to the operational backbone that supports credit management and funding decisions. Automating the back office can include various behind-the-scenes processes. These processes ensure collateral is monitored, borrowing bases are calculated accurately, and compliance is maintained. Key back-office responsibilities typically […]
Why ABL Digital Transformation Is No Longer Optional
The Tipping Point for Change The Asset-Based Lending (ABL) industry is at a crossroads. For decades, manual processes, spreadsheets, and static reports have defined how lenders and borrowers interact. However, the margin for error is narrowing. A recent national variance analysis revealed that 89% of borrowing bases include material errors. These errors are considered ‘material’ […]