Atlanta, GA (June 22, 2020) – FactorCloud factoring software today announced that it has entered into an integration partnership with Ansonia Credit Data. FactorCloud customers are now able to leverage Ansonia’s business credit and collections decisioning tools.
Ansonia Credit Data is fully integrated with the FactorCloud system. This allows FactorCloud customers to set criteria for factoring invoices, which will automatically approve or decline each loan based on the company’s credit score and other KPIs. Since these routine decisions will be made via automation, factoring companies’ teams can turn their attention to higher risk decisions instead.
“FactorCloud customers are now able to make better, faster credit decisions, thanks to our partnership with Ansonia,” said Todd Ehrlich, CEO of FactorCloud. “They no longer need two logins – it’s all built into one, streamlined platform.”
“Not only will the integration offer FactorCloud’s customers streamlined credit decisioning and submission of data files, we are very excited FactorCloud is looking to the future and will also integrate TrakiQ, Ansonia’s collection solution that automates invoice status lookup at third party payment portals,” said Ansonia Vice President and industry veteran Jeff Jones.
About Ansonia Credit Data
Ansonia is your next-generation business credit and collections solution offering decisioning tools and over $1.3 trillion in accounts receivable data from major industries across North America. See why 200+ factors and 70% of North American Truckload, LTL and 3PLs provide data to Ansonia and/or use our business credit and collections decisioning tools. Now with Ansonia’s Dashboard Portfolio Monitoring Tool get new insights, quickly expose hidden data, portfolio histories, view trends, metrics and industry comparisons. Integrations with the largest factoring software providers allow factors to seamlessly pull and review Ansonia Credit Reports without changing platforms as well as ease of data submission to receive discounted report pricing. Your collections process can take advantage of greater efficiency with Ansonia’s SaaS products to improve cash flow, lower labor costs and receive early detection of rejected or short-pay invoices in third party payment portals. No annual fee or long-term contracts — just quality data and credit and collections intelligence you can afford.
FactorCloud allows factoring companies, asset-based lenders and banks to reduce costs, increase efficiencies, reduce errors, and lower risk. The easy-to-use Software-as-a-Service (SaaS) solution is the only product on the market with computer vision and artificial intelligence built in. Teams using FactorCloud have handled more transactions without adding staff. The platform, which has funded over $1.5 billion in transactions to date, offers its customers the lowest total cost of ownership on the market. For more information, visit https://www.factorcloud.com/.