Tuesday, May 11, 2010

Finovate: FTRANS

How do we get more cash back onto bank balance books? Outsource accounts receivable, having cash get back into the bank account faster, enabling banks to get at the funds faster. This is a service offered when your small business has debt with a bank. This simplifies the AR process for businesses and gets some control back for the bank.

Its an interesting idea for banks wanting to reduce the risk on many loans they have with small businesses and maybe it will convince banks to start lending to small businesses again.

More than just AR, there are a lot of risk related dashboards for the bank to help them analyze the risk on the many loans they have.

Interesting idea that would take a little more thinking to get my head around it

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