Leading in Innovation, Bectran Brings Users the Ability to Choose Data to Make Most Credit Decisions Within Its Platform
ITASCA, IL–(Marketwired – July 07, 2016) – During Q1, Bectran has teamed up with California-based Credit Management Association (CMA) to bring users its innovative anscersX™ multibureau trade credit data reports, allowing customers to access trade credit data from the big three reporting bureaus (Dun and Bradstreet, Experian and Equifax) within one click of the mouse. With the anscersX report, Bectran users gain access to important financial information, to provide a more complete picture of a company’s payment history resulting in more accurate and informed credit decisions.
“We put a lot of effort in including only the most pertinent information needed to assess a company’s credit worthiness,” explains Managing Partner of Trade Information Exchange, Robert Shultz. “We want to help businesses save time and costs while still remaining thorough in their evaluations. The anscersX report helps our users know that they have done due diligence in their decision-making.”
“The anscersX report is one resource that we use to better serve credit management professionals,” states CMA president Mike Mitchell. “You can never guess which provider(s) a particular company is reporting to. By bringing together data from the three main reporting agencies, we are helping credit managers save time as well as ensuring that all information has been taken into consideration.”
Within Bectran, users can choose to pull up to three credit reports from the bureaus, and users pay based on variable pricing, depending on how much data they need. This data is then summarized and scored for the user, and broken down to review for a decision. This data can automatically be pushed into Bectran’s standard scoring models, or a customized model can be built with specified weights and ratios tailored to the specific needs of a business. Pricing for the reports varies from $29 to $70, determined by the number of bureaus the user requests.
“Working with the entire CMA and anscersX teams has been a great experience for us, and important for our customers too. From initial call to deployment, our teams produced the seamless ability to access the right reports for all of our customers, with the ease and flexibility they demand,” says Eric Lee, Business Development Manager at Bectran Inc.
Bectran, the industry leading SaaS platform, has grown rapidly over the last five years to become the companion toolkit for the Credit Department just as CRM is for the Sales Department. From simple to complex organizations, SMEs to Fortune 500 companies, Bectran has helped companies cut down the time to process and approve credit by over 90% whilst significantly lowering the risk of credit defaults and the cost of collections. Our customers enjoy the ease, speed, and cost-effectiveness of adopting the Bectran platform. New clients are on-boarded in matter of days/weeks. Credit Professionals in various industries have described the Bectran platform as the future of the credit department. Recently, Bectran was recognized as a top innovator in the credit software industry.