Current Situation
Currently, lending is a process that happens outside of the normal treasury workflow. A shortfall is identified and a bank is contacted and information is exchanged, all happening outside of the core ERP or TMS system. This is a slow often paper-centric process where treasurers have to take their attention away from their current tasking to facilitate.
Goals and Objectives
Bring the process back within the workflow so that lending can be done at the point of decision. This embedded feature also provides back with unprecedented access to tailor loan terms specifically for their customers.
Technology Deployed
ERP, AR, AP, treasury management systems, and capital banking interfaces
Use Case Summary
Getting access to the lending markets can be difficult for some (i.e., small businesses, new business models), and embedded lending can work to optimize the B2B lending process for business of all sizes.