The Cync Banking Solution:
Security, Automation & Productivity
Cync Software’s Asset Based Lending (ABL) application is designed to improve the lenders’ ABL portfolio management and increase productivity through BBC automation. Cync starts calculating ineligibles, collateral values and borrowing base certificates upon collateral file upload. It tracks inventory, receivables, payables and provides data analysis and reporting as text or graphs at the client or portfolio level. Additionally, it provides loan administration capabilities including financial statement analysis, risk management, loan agreement and covenant monitoring.
Integrations
- Salesforce: The Salesforce framework integration service enables customers to securely transfer their data into Cync applications by managing the data ingestion and validation processes with speed, agility, and reliability for peace of mind.
- Quickbooks: This integration allows customers to fetch invoices from their Quickbooks account and import them directly into Cync. Customers can easily connect to the Quickbooks application in just a few minutes without waiting days or weeks to code custom connectors.
- Codat: Customers can connect their accounting to Codat in just a few minutes without waiting days or weeks to code custom connectors. Codat keeps the record synced in a configured interval and Cync will pull the invoices from Codat whenever required.
- Financial Asset Monitoring: our latest collateral monitoring feature allows the lender to choose a closing date and pull stock prices directly into the Borrowing Base Certificate.
Automation & Productivity
- Automatic (or manual) calculation of A/R and Inventory collateral
- Advance Rate including Seasonal Advance Rates/Multiple Advance Rates
- Auto calculation of ineligibles
- Parameter flexibility for ineligibles
- Commitments and Limits
- Participation party tracking
- Electronically sign BBC’s
- Sub limits on all collateral types
- Electronic document & historical data storage
- Client portal
- Notifications (text & email)
- Document compliance tracking
- Exception tracking, reporting and trending
- Activity tickler
- Covenant compliance and tracking
- Online helpdesk
- Interface with Bank’s Core System
- Multi-Currency
- Multiple Loans
- 50+ Reports & Trend Cards
