Bectran, Inc., a leader in enterprise solutions for credit, collections, and accounts receivable departments, has been recognized as a 2023 top financial technology partner serving the construction and building products industry by Construction Executive.
“The future of financial technology holds exciting opportunities for many industries, including construction, and we are committed to leading the way,” says Louis Ifeguni, CEO of Bectran, Inc.
Recognized for Risk Management, Customer Relationship Management, Fintech, and Document Management for the second year in a row, Bectran continues to set a new standard in order-to-cash management.
Bectran solidifies its position as a leading provider of enterprise credit management software
The fintech leader has effectively addressed key challenges in the construction industry by streamlining the traditional process of construction job sheets. Historically, B2B construction, roofing and manufacturing credit departments have been hindered by cumbersome paper-based and inefficient processes, often leading to significant project delays, lengthened payment timelines, project cost increases, fraud activity, strained contract terms, and lien data losses.
Bectran’s platform remedies these challenges with process automation and risk optimization - significantly reducing manual workloads and increasing productivity.
With a single dashboard, credit managers can access and review customer credit, contractor and project information, and fully customize job sheet forms to match company processing requirements. Additionally, the system auto-distributes incoming applications to credit managers based on manager workload. Once an application is completed, the Bectran Contractor Job Sheet System scores applications against multiple scoring models and automatically transmits job data to external lien service providers syncing this information with the customer’s ERP or source system. Bectran offers a wide range of integrations that allow users to auto-approve applications, track status, and maintain data integrity end-to-end. Adopters of the platform report experiencing quick credit approvals, fast project commencements, reliable cashflow cycles, and economic growth.
About Construction Executive
Construction Executive (CE) is the leading trade magazine for the construction industry. To create the Top Construction Technology Firms list, CE asked several hundred construction-centered technology and software companies to nominate their top partners based on product efficacy.