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    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
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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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September 22, 2022

Bectran Unveils Support for Complex Account Hierarchy Structure to Provide Optimal Credit Risk Aggregation

CHICAGO, September 22, 2022 — (BUSINESS WIRE) — Credit, Collections & Accounts Receivable Software leader Bectran, Inc. has continued to enhance the account hierarchy capabilities across its platform to provide optimal credit risk visibility. This intentional design amplifies the capability to instantaneously view multiple layers of data for an account and its transacting affiliates and projects at the enterprise level.

An account hierarchy is a framework to visualize a set of accounts organized according to their positions in relation to each other. The different levels of hierarchy within each account represent the multiple layers of detail available for companies with many branches, locations or affiliates, much in the same way that many account structures refer to parent/child relationships. Accordingly, the Bectran account hierarchy structure was designed with the intention of making monitoring and reporting a more seamless, simplified and customizable process for the end user while easily identifying and highlighting potential risk factors. 

At scale, continuing to monitor and measure your exposure comprehensively is an arduous process, especially when a company has a complex enterprise structure. Additionally, the likelihood of falsely identifying an account as low risk or overlooking a high-risk project increases exponentially as companies scale and add more transactions. Further, paper-based methods of viewing structural components of a business rarely depict an optimal snapshot of total risk exposure of all related accounts simultaneously, putting businesses at a greater threat of error in identifying and acting on issues. Ultimately, this leaves the company susceptible to inaccurate results and inefficient time usage.  

Bectran’s account hierarchy structure was specifically developed to account for transaction risk in a complex account structure. Consistent and side-by-side analysis and reporting enable a business to maintain a comprehensive portrait of its critical risk indicators at scale, while gaining valuable data-driven insights into the health of an account. Furthermore, with this structure, you have the freedom to dictate which data to capture specific to your own organizational needs and what you consider most valuable. This structure also provides several metrics for measuring the performance and effectiveness of the credit management process — or, inversely, for viewing, monitoring and rectifying risk factors — across the entire hierarchy. Above all, the intricate level of detail and customizable design makes reporting and monitoring risk a seamless process, resulting in significant time savings and comprehensive monitoring of exposure. 

Supporting Quotes  
“The Bectran account hierarchy structure was designed to allow credit managers to take back their time, and to evaluate exposure quickly on one screen. Bectran’s account hierarchy enables the enterprise-level user to operate at scale across all locations of an organization. At Bectran, we recognize the need to have end-to-end visibility in exposure and the importance of having the most comprehensive and customizable data structure at your fingertips, which is what prompted this continued enhancement of the platform” said Louis Ifeguni, CEO of Bectran.  

Additional Resources and Availability 
The Bectran account hierarchy structure is now available to our customers. Learn more about Bectran's capabilities at https://www.bectran.com. 

 

Media Contact
Angelina Rose
703-596-8089

PR@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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