One of the greatest strengths of the ABLSoft platform is its flexibility. While we are committed to providing each client with a bespoke build of the platform, our commitment to flexibility extends to core functionality as well. The BBC workflow is a good example of…
As we approach the end of Q1, taking stock of the evolving landscape of Asset-Based Lending (ABL) and the key trends shaping the industry is important. Here are some key insights we are finding on the state of ABL and what we see lying ahead. Resilience…
A recent article in the Wall Street Journal explores how businesses move from traditional cash-flow and balance-sheet lending to asset-based lending because of flexibility. As the economic landscape evolves, businesses find innovative ways to secure capital and maintain stability. This is where asset-based financing becomes…
Reflecting on the events of 2023 and looking ahead to 2024, various aspects provide insights into what the future holds. In response to the challenges posed by rising inflation and increased interest rates last year, banks adjusted their focus toward credit quality. While the importance…
Using the ABLSoft system over the last 3 years, a large regional bank headquartered in Georgia has grown their portfolio by over 50% without adding additional headcount. Challenge: The Bank had been utilizing a legacy asset-based lending software, which resulted in an excessive number of…
Industry Assets – October 2023 Before the advent of asset-based lending software, most lenders relied on Excel spreadsheets to manage and monitor the collateral supporting their Borrowing Bases. It was considered the most efficient and versatile method back then, but came with its fair share…
Financial institutions that want to remain competitive in today’s market know they must accelerate their digital transformation initiatives. They understand that users demand faster mobile services, personalized products, and transparency in the lending process. In recent years, nimble fintech startups have played a critical role…
We’re excited to announce the launch of Instant Borrowing Base (IBB). This new capability enables borrowers to pass key data (agings, financials) directly from their accounting systems to ABLSoft. IBB supports real-time import from 9 accounting systems, including QuickBooks, Sage, and Xero. No more chasing…
