Bectran to Offer CMA anscersX Multibureau Trade Credit Report

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.

ABOUT BECTRAN

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.

Bectran Proud to Exhibit at the 2016 CMA Spring CreditScape Newport Beach

ITASCA, IL–(Marketwired – April 06, 2016) – Bectran’s Sharath Venkata, VP of Technology and Eric Lee, Business Development Manager had the opportunity of exhibiting and sponsoring the Spring 2016 CMA CreditScape. Focused on “The Efficient Digital Credit Department,” professionals from Sysco Foods, Equinix, Watsco, Jackson Family Wines, SRS Distribution, Ganal Lumber, and Walters Wholesale to name a few, shared in detail some of the successes achieved by going digital. The credit professionals also shared their collective experiences of internally selling new technology adoptions up the chain of commands in the organizational hierarchy.

“Having such a well-respected peer speak on behalf of your product offers such real world and hands on insight that can only be experienced by a platform user.” – Eric Lee, Business Development Manager

Many of the takeaways from the meeting included: identifying opportunities that justify the decision to adopt automation and digital approach, determining the underlying ROI and other benefits, and reviewing case studies of successful implementation. The credit professionals also discussed hot items in the credit world including international business risk and smartphone credit apps. The session rounded off with an exciting look into the future where Credit Personnel imagined what technology could bring to the future of their credit departments in a credit themed Shark Tank.

The conference also hosted several networking events held in the beautiful Newport Beach that allowed credit professionals to review their processes with many of the industry experts with cross learning of newer insights from experts and peers.

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. Their customers enjoy the ease, speed, and cost-effectiveness of adopting the Bectran platform. New clients are on-boarded in matter of days and 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.

Bectran to Co-Sponsor CreditScape Spring Summit in March

Showcasing the 21st Century B2B Digital Credit Management Platform

ITASCA, IL–(Marketwired – February 22, 2016) – Bectran, leading provider of the industry standard B2B Credit Management Platform, is excited to co-sponsor this year’s CreditScape Spring Summit, hosted by the Credit Management Association, which will be held in Newport Beach, CA, March 24-25, 2016. This year the Annual Meeting will focus on “The Efficient Digital Credit Department”, and will feature two days of workshop training and networking events for credit professionals. This conference will offer credit practitioners of varying levels of expertise the opportunity to exchange insights with their colleagues on some of the key strategic and operating challenges in their everyday credit management activities.

Learn more about CreditScape and register for the event.

In today’s fast changing business landscape, speed is critical for success. Credit departments that approve credit faster for their customers do more business than their slower counterparts. The reality is that most credit departments still operate at manual speed because their credit process is manual with lots of paper work. The Bectran digital platform helps companies transform their credit departments into the 21stcentury electronic office processing transactions at electronic speed.

Over the years, Bectran clients have grown consistently their base of happy customers and reversed the years of poor credit performance prior to the adoption of Bectran. Our clients have seen increased and faster collaboration amongst their sales team, customer service, credit departments, customers and other stakeholders, resulting in faster resolution of credit issues of varying complexities. Overall, within the first 6 months of adoption, 99% of our customers have achieved significantly shorter credit-to-cash cycle with higher quality receivables. Capabilities offered include: Electronic Credit Application System, Reference Automation, Credit Scoring & Risk Analytics, Portfolio Reviews, Credit Operations Management, Global Credit Management capabilities, Decision Automation, Credit Workflow, Document Management, etc.

One of Bectran’s esteemed clients will also be heading a discussion on utilizing an online credit management workflow system. As a Credit Director from a Fortune 100 company with over 15 years of experience, she will be sharing her practical knowledge of adopting a digital work environment, and how to overcome obstacles, as well as how customers may react to the new technology environment. She will also be our guest for a “meet and greet networking event” to talk about her experiences in a more intimate manner.

Bectran is pleased to continue a strong partnership with the CMA and the opportunity to meet with credit professionals from all over the country.

ABOUT BECTRAN

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. Their 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.