Credit Research Foundation Hosts Annual Expo in Bectran’s Hometown

Bectran Showcases New Features During Credit Research Foundation (CRF) Expo

ITASCA, IL–(Marketwired – August 18, 2016) – Every year credit practitioners gather together to network, learn, and share their knowledge at the Credit Research Foundation Forum and Expo. In downtown Chicago, from August 8th-10th, Bectran had the opportunity to actively participate with sixty other vendors and three hundred members of the credit community.

Upon surveying key participants across different levels at the conference, there was a notable increase in demand for credit management automation solutions. This indicates that companies are increasingly willing to make the needed investment in technology to boost the productivity of their employees and retool their credit process.

During the Open Forum, over 75% of inquiries submitted by participants at the conference cantered on ways and tools to automate their current manual credit management process, while also streamlining data exchange across interdependent software systems. As the industry leader in credit management automation and credit process optimization, companies across a broad spectrum: wholesalers, distributors, manufacturers, service providers, etc.; sought advice from the Bectran team on how to repower their credit process and reposition their credit department for high performance. The conference also provided the opportunity to showcase some of the latest technologies in Bectran’s suite that facilitates seamless integration and data exchanges between the Bectran platform and ERPs including other interdependent software platforms.

Overall, this year’s CRF conference was a very exciting and rewarding experience for Bectran and the company looks forward to furthering the partnership with the Credit Research Foundation.

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 Attends ARO2C Conference

Bectran to Showcase How Latest Advancements in the Bectran Platform Are Helping Companies Across Multiple Industries Improve Their Order-to-Cash Cycle

ITASCA, IL–(Marketwired – April 29, 2016) – This May, Bectran, the industry leader in B2B Credit Management SaaS solution will be teaming up with industry experts at the Accounts Receivable & Order-To-Cash Conference (ARO2C). This year’s conference will be held at the Disney Contemporary Resort in Orlando, Florida at Walt Disney World on May 24-26, 2016.

/EINPresswire.com/ — For more facts, view the complete guide to ARO2C for the Conference details and registration.

Topics of sessions at the conference range from a panel discussing managing multiple generations, to AR automation, and essential strategies on collections. Discussion leaders include Sam Hall of Rolls-Royce plc, Holly Veasy of Graphic Packaging International, Inc., and Susan Bova-Fasano, APM of the IOFM (Institute of Finance & Management) to name a few. The pre-conference workshop conducted by Rob Rogers of IOFM includes a leadership summit, with senior AR executives, for a roundtable discussion on concerns and solutions within their respective departments. Valuable certification training is also available for Accounts Receivable and Order-to-Cash regarding those processes.

Bectran is excited to partner with the ARO2C to share with participants some of the latest innovative technologies on the Bectran platform. At the conference, Bectran will be hosting experts and professionals in the credit industry on round-table discussions, exhibitions, and sharing major customer success stories. The Bectran platform is designed to help companies cut down on the cost of Accounts Receivable Collections while significantly shortening the Order-to-Cash cycle.

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.

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 Features Global Credit Management Platform at ICTF’s Global Credit Professionals Symposium

Bectran Introduces International and Multi-Lingual Enhancements in their All-In-One B2B Credit Management Platform

ITASCA, IL –(Marketwired – February 12, 2016) – Leading provider of the industry standard B2B Credit Management Platform, Bectran is pleased to sponsor ICTF’s Global Credit Professionals Symposium, which will be held in Chicago, IL April 17-19, 2016. The symposium will offer educational opportunities specific to the international marketplace, especially emerging markets, as well as offer networking events to top credit professionals.

View the complete program for ICTF’s Global Credit Symposium and register for the event.

The conference subject matter coincides with Bectran’s launch of multilingual credit applications, country risk discounting of credit worthiness assessment, financial statement analysis across multiple currencies and exchange rate impacts on credit decisions. The product launch includes a localized customer facing portal tailored to specific regions of the world.

This upgrade allows our clients to expand and enhance their capacity and effectiveness in assessing their customers for credit in the global marketplace. By acquiring more complete and accurate data that reflects the local market risk in which a customer operates, our clients are able to significantly improve their chances of attaining higher quality credit decisions and thus minimizing their overall global credit risk exposure.

Bectran is excited about the opportunity to meet with international credit management professionals at ICTF and to share best practices based on our experiences with our client’s global operations.

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.

Bectran Automates Instant Credit Intelligence Data Gathering From Credit Bureaus Worldwide

ITASCA, IL–(Marketwired – December 15, 2015) – Cloud-Based B2B Credit Management Platform Company, Bectran, announced today the release of the Instant Credit Intelligence Data Gathering Automation capability for major Business Credit Bureaus worldwide. This capability significantly cuts down on the time to reach quality credit decisions thus shortening the Credit-To-Cash cycle.

Delegating everyday credit management tasks to automated software processes has remained the founding core of the Bectran Platform. Credit Intelligence data gathering is time consuming and costly. The time to attain a credit decision on a customer and the quality of credit decision reached continues to drive the success of the B2B Credit Process and thus the Credit-To-Cash cycle time. With the Instant Credit Bureau Data gathering capability, credit departments automatically receive customer credit intelligence data in digital format from credit bureaus of their choice when a customer submits a credit application using the Bectran Electronic Credit Application System (ECAS). Customer Credit Bureau Data are automatically fed into the Bectran Custom Scoring Models to determine a comprehensive credit risk profile of the customer within seconds of a customer submitting a credit application.

“This is again another Auto Pilot feature on the Bectran platform that is at zero cost to end customers with significant task-time savings for the credit department,” said Louis Ifeguni, CEO of Bectran. With automated credit intelligence data gathering, credit departments are able to quickly learn about the credit risk profile of the customer and reach higher quality credit decisions in significantly shorter times.

Here is how it works:

The customer fills out a credit application using the Bectran Electronic Credit Application System (ECAS). The ECAS automatically verifies the accuracy and completeness of the credit application based on the underlying credit policies of the client. Bectran automatically pulls the client’s preferred credit bureau data in digital format, organizes and stores the credit data in custom virtual filing cabinets. The Bectran Custom Credit Management Workflow aggregates all credit significant data on the customer and performs instant evaluation using the client’s Custom Scoring Model.

Bectran continues to lead the front-end B2B Credit Management Solutions Industry in SaaS platform innovation with this additional Auto Pilot feature.

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 Announces Product Enhancements

July 3, 2012 (Credit Today) Bectran: #1 Cloud-based (SaaS) B2B Trade Credit Management Solution

Today Bectran announced the release of new functionality within its all-in-one cloud-based B2B trade credit management solution. Bectran has added the following product enhancements:

  • Tax Exemption Certificate Management: automatically attach certificates to specific accounts and notify existing customers of expiring certificates and the need to update.
  • C-S Pack: allow Customer Service and/or Sales staff to complete digital credit applications on behalf of prospective customers and automatically acquire customer’s digital signature.
  • Custom Credit Applications: Create customized credit apps to meet specific criteria.
  • Multi Business Support: Create multiple credit apps, with specific T’s & C’s for various business groups within an organization.
  • Credit Bureau Integration: Add credit bureau data to the Bectran analytical model for credit risk and credit limit assessment.
  • Custom Credit Scoring: Customize Bectran analytics to suite your specific business models.
  • Extended Document Management: Import, add and manage multiple documents within customer accounts.

Imagine taking the old-school, paper-based, labor intensive, manual practice of verifying and qualifying credit requests and moving to an entirely paperless, automated process. The Bectran solution is designed to streamline and automate the entire credit process; from credit application/request, to reference check, analysis and approval. The solution ushers in a revolutionary shift in B2B trade credit transaction processing by digitizing trade credit information and automating everyday credit processing tasks. The Bectran solution allows for 100% electronic trade credit processing with No paper, No faxes, No phone calls. It delivers breakthrough efficiency through the digitization and end-to-end automation of the credit transaction process by eliminating over 90% of the time to process credit requests as compared to old-school, paper intensive, manual processes.

Bectran is the leader in cloud-based B2B Credit Management Solutions. Bectran enables companies to eliminate all the paper associated with traditional credit transaction processing; No paper/pdf credit applications, No paper credit references, No paper financial statements, No paper personal guarantees, No faxes back and forth, and No phone calls. The Bectran platform offers a true digital world with credit transaction processing at electronic speeds. The ROI, with the elimination of all paper and most manual credit processing tasks, is months and because the solution is cloud-based, there’s No investment for software or hardware and No IT support is required to install or maintain the Bectran solution! Best of all, the Bectran platform can be installed and up and running in minutes as opposed to days or weeks for traditional, PC or server based software. Bectran also integrates seamlessly with your legacy/enterprise systems using world class, platform independent APIs.

About BECTEAN
Bectran is the #1 cloud-based B2B trade credit management solution. The Bectran solution streamlines and automates the entire credit process; from credit request, to reference check, to analysis and final approval. No paper, No fax, No phone calls. Bectran, One Tower Lane, Suite 1700, Oakbrook Terrace, IL 60181 For more information, please contact Louis Ifeguni at louis.ifeguni@bectran.com For a demonstration and/or a FREE trial, please visit us at www.bectran.com