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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 26, 2024

Safeguard Against Credit Application Fraud with Bectran and Cobalt Integration

Bectran, Inc., the industry leader in credit, collections and accounts receivable management technology, has introduced a new collaboration with Cobalt Intelligence, a highly regarded data solutions firm specializing in secretary of state (SOS) data collection. Bectran’s new API integration with Cobalt provides users with a powerful anti-fraud and efficiency generating toolkit. 

“This collaboration is a realization of our goal to make fraud solutions easier to implement and provide impactful solutions for improving risk management,” comments Louis Ifeguni, Bectran CEO. “The integration will equip credit managers with real-time SOS data at the moment of application submission, resulting in tighter fraud security measures and faster credit approvals.” 

Credit Application Fraud Prevention  

Fraud agents prey on out-of-date data, presenting a false face to credit departments with their intimate knowledge of the application process. Utilizing secretary of state real-time data, the risk of approving fraudulent credit applications can be severely curtailed. With direct integration into SOS websites, credit departments can be assured of their data integrity by using up-to-date and reliable records.  

Bectran’s automatic credit application system with real-time SOS website data pulls creates corporate verification reports seamlessly alongside application submissions. The SOS data will then be evaluated through Bectran’s scoring models to determine the authenticity of the application. To ensure data accuracy, a screenshot and link to the corresponding SOS document will be displayed immediately alongside the report. For further protection, a timestamp and watermark are attached to every screenshot, providing users with an audit trail for the verification process. The reports, links and screenshots will include all data and documents available on the corresponding SOS website. This varies by state but can include entity type, corporation status, articles of incorporation, SOS ID, corporate officer information, filing date and more. Credit applicants whose corporation status is found to be inactive or out-of-date can be automatically declined.   

Driving Credit Application Efficiency   

In addition to the benefits of fraud protection, automatic SOS verification brings unparalleled efficiency to the credit application process.   

This integration will lead to quicker credit application approvals, with verification done almost instantly. Manual verification processes are tedious in comparison, as they require significant time and effort from credit departments.  

For more information and to automate your credit applications, visit Bectran.com   

 

About Cobalt   

Cobalt Intelligence is at the forefront of real-time Secretary of State Data and AI automation. Our mission is to streamline the approval process, enhance compliance and drive ethical decision-making using a seamless API integration.   

We are committed to reducing fraud and operational costs and fostering ethical practices in alternative financing. Our real-time Secretary of State data verification and automated KYB compliance ensure precise business analysis and a comprehensive view across multiple states, empowering smarter underwriting decisions.   

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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