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    Bectran

    Credit, Collections & Accounts Receivable Management

    Transform your credit department with digital task management and process automation.

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    Credit Management

    Credit Application System Credit Application System Credit Management Workflow Credit Management Workflow Credit Analysis & Decision Credit Analysis & Decision Accounts Receivable Review Accounts Receivable Review
    Construction Job Sheet System Construction Job Sheet System Credit Document Management Credit Document Management Credit Operations Management Credit Operations Management Auto Decision Manager Auto Decision Manager

    Collections Management

    Collections Tasks Management Collections Tasks Management Collections Officer Digital Workspace Collections Officer Digital Workspace Pre-Collections Tasks Management Pre-Collections Tasks Management Promise-To-Pay Plan Promise-To-Pay Plan

    AR Management

    Disputes, Claims & Settlements Disputes, Claims & Settlements Cash Application Invoicing, Billing & Payments Invoicing, Billing & Payments AR Portfolio Analytics AR Portfolio Analytics Order Hold Management Order Hold Management
  • Enterprise

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    Enterprise Data Management

    Seamless integration with clients’ back-end ERPs, CRMs and e-commerce sites for fast two-way delivery of credit data. Request a Demo
    Consumer Credit Reporting
    Connect directly to credit bureaus within the Bectran platform.
    Corporate Business Credit Reporting
    Verify new companies’ financial data and corporate history.
    Payment Method Verification
    Authenticate payment methods before approving applications.
    Corporate Registration Verification
    Verify corporate registrations to mitigate fraudulent activity. 
    Personal Identification Verification
    Mitigate fraud by verifying driver’s license information.
    CRM Integrations
    Integrate directly with your preferred CRM to speed up communication.
    E-Commerce Integrations
    Link your preferred e-commerce platform directly with Bectran.
    Financial Data Repository
    Verify the financial history of any publicly traded US company.
    Construction Lien Tracking Integration
    Track and organize lien information with the click of a button.
    UCC Filing Data Integrations
    Retrieve UCC filing data without ever leaving the Bectran platform.
    Payment Gateways
    Effortlessly connect your preferred payment gateway directly to Bectran.
  • Pricing
    Credit Management
    Choose from multiple levels of user access, module combinations and volume tiers to create pricing built especially for your business.
    AR & Collections Management
    Like our credit management plans, pricing for AR & collections modules are built specifically to meet the unique needs of your company.
    Custom Pricing
    Build a pricing package to fit your company’s growth objectives. Contact our sales team to create a custom pricing plan today.
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November 12, 2024

Bectran Adds RSA Encryption for Customer Data

Keeping information secure is both a leading challenge and priority among B2B credit, collections and accounts receivables departments. It requires vigilance against scams like identity theft and hacks that intercept vital business and customer information in transit. 

Bectran, Inc., putting security at the forefront of order-to-cash software, has implemented an option allowing businesses to further safeguard their customer data. The option provides an additional layer of encryption to protect the transmission of sensitive data like SSN, date of birth and other personally identifiable information (PII) across systems—including external company systems—and a range of additional use cases.  

“Data security is at the core of our platform,” adds Bectran’s CEO, Louis Ifeguni. “This latest enhancement solves the challenge of keeping customer information secured to the highest standards while enabling businesses to confidently manage that information for effective credit operations.” 

Further Securing Transmissions  

Credit departments have to balance two needs around privileged customer information. On the one hand, they need to keep that information as secure as possible, for compliance and for customer wellbeing. On the other hand, effective operations require access to that information. 

Software providers compliant with industry-leading security standards, like Bectran, address these needs by encrypting stored customer data and by using trusted network communication protocols. However, departments that need to send privileged data to external company systems have another challenge, as transmitted data needs additional outbound security.  

Bectran’s latest update solves the challenge of safely transmitting privileged information. Using RSA encryption—an approach widely trusted in sensitive network communications—Bectran allows businesses to “black box” customer data prior to transmission. Data secured in this way can only be decrypted by a private key on the credit department’s end, keeping it safe from eavesdropping or tampering by anyone between sending and receiving.  

The added RSA encryption option allows businesses to confidently transmit customer information even to external company systems, supporting a wide range of additional use cases. Customers’ privileged data is safeguarded against hacking schemes like man-in-the-middle—where attackers intercept data in transit—since hackers cannot decrypt the information without the private key. 

“At Bectran, we see the threat bad actors pose to credit and AR operations, and specifically to the security of their company and customer data,” comments Ali Kidwai, Sr. Manager of Product & Implementation at Bectran. “This latest enhancement compliments our fraud suite with additional defenses against hackers intercepting data in transit. It does this without compromising our clients’ operations and data needs, advancing our commitment to order-to-cash efficiency.”  

About Bectran

Bectran, the industry leading SaaS platform, has grown rapidly over the years to become the companion toolkit for the Credit Department just as CRM is for the Sales Department. From simple to complex organizations and SMEs to Fortune 500 companies, Bectran has helped companies cut down the time to process and approve credit by over 90% while significantly lowering the risk of credit defaults and the cost of collections.

A growing number of companies are depending on Bectran to manage their Accounts Receivable and Collections. With significant process and task automation, companies are able to cut down the cost of collections by as much as 60-90% while accelerating the cash receipts cycle with complete and accurate cash applications.

Bectran’s clients enjoy the ease, speed and cost-effectiveness of adopting the Bectran platform. New clients are onboarded in a matter of days or weeks. Credit professionals in various industries have described the Bectran platform as the future of the Credit Department.


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