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    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
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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.
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    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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September 12, 2018

Bectran Announces New Credit Management Tasks Automation System to Lower Operating Costs and Optimize Credit Risk for the Corporate Credit Function

CHICAGO, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Bectran, Inc., the leading B2B credit management SaaS platform, has continued to seek opportunities to abstract and automate most of the everyday tasks performed by credit managers. Some of the credit management tasks automation systems pioneered and refined over the years by Bectran include credit reference checks, configurable automatic credit data gathering from different sources, accounts receivable portfolio tracking and risk optimization, collections management tasks automation, Instant Credit Decisions, and more.

Since the introduction of the Bectran Instant Decision Manager (IDM), companies have been able to cut down as much as 50% of the tasks performed on credit reviews and decisions on certain segments of their customer base. In the emerging credit department, operational cost savings and credit risk containment have continued to drive decisions for competitiveness in the marketplace.

“Digital transformation through process and tasks automation will continue to drive corporate ROI on the credit department in both credit risk optimization and staff productivity,” said Louis Ifeguni, CEO and founder of Bectran.

In response to the yearnings of the Bectran customer community, Bectran is excited to announce the addition of the Automated Decision Processor (ADP) with the capability to collect and analyze information from different sources to eventually reach decisions on credit requests, all based on configurable credit policy and risk models. Industry experts have hailed this as a major step towards freeing increasingly scarce capacity in the credit department and a true emergence of the automated credit worker.

The ADP has been carefully engineered for ease of adoption and builds upon the specificity of a company’s credit management policy. It is quick to set up and deploy, leading companies to experience gains in productivity and risk optimization within days or weeks upon solution rollout.

How it works

The customer completes and submits a credit application. The ADP automatically triggers information gathering based on company policy.  The ADP analyzes all information on the customer within configured thresholds and provides a decision. All the above activities happen without human intervention. The typical cycle time of ADP task execution activities could range from seconds to days.

Benefits

Productivity and Risk Optimization. Given that the automated processes within the ADP model track and execute configured tasks continuously, the credit department achieves a much faster transactions processing rate at very low human costs. The Bectran ADP allows for the implementation of rigorous risk evaluation models with the goal of achieving risk-minimized credit decisions.

Increased Return on Capacity Utilization. With a significant portion of credit management tasks delegated to the Bectran ADP, credit management professionals can redirect their efforts to more high-level strategic credit management activities. With the freed-up capacity, the credit department can invest more time on building collaboration with the sales team the customers to quickly resolve bottlenecks and ultimately boost overall customer satisfaction and revenues.

Availability and Additional Resources
The ADP solution is available beginning today to Bectran’s customers.
Additional information can be found on the Bectran website at www.bectran.com.

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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pr@bectran.com

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