Cync Asset-Based Lending

Why Lenders Choose Cync ABL

Cync Software’s Asset-Based Lending (ABL) application is designed to improve a lender’s ABL portfolio management and increase productivity through BBC automation. Cync ABL’s reporting, trending, and graphs provide complete control and analysis for asset-based lenders, enabling them to grow their commercial portfolio profitably while minimizing risk and improving the borrower’s experience.

BBC Trend Reports for Detailed Analysis of BBCs

Cync ABL allows lenders to better manage overall portfolio risk by providing a detailed analysis of BBCs, debtor concentration, and trends.

Figure 1. Cync BBC Trend Report allows lenders to better manage their overall portfolio risk by providing a detailed analysis of BBCs, debtor concentration, and trends.

Automation & Productivity

Lenders use ABL to calculate how much a borrower is allowed to receive as a loan disbursement or advance. ABL’s primary function is efficiently and effectively making calculations based on the borrower’s collateral, which usually consists of AR, inventory, and equipment.

Cync ABL extracts data and automatically calculates ineligibles simply by uploading a file to the application. Lenders can schedule a daily file export from the core banking system to keep ABL up-to-date with loan details, such as balances and maturity dates. ABL also offers a range of account debtor maintenance tools to give collateral analysts the upper hand when it comes to risk assessment.

With this information, lenders can easily make funding decisions within minutes.

Cync ABL Integrations & Development Solutions

Cync ABL integrates with different services to allow customer data to be safely and securely transferred into the application.

Salesforce Integration

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 Integration

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 minutes without waiting days or weeks to code custom connectors.

Codat Integration for Automated Spreading

Customers can connect their accounting to Codat in 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.

Security Features

The Cync Software Application Suite is a SOC2-certified application that is hosted on Amazon Web Services (AWS). AWS is an Infrastructure as a service (IaaS) provider, which is highly available, scalable, and fault tolerant.

View Cync Software Security Information

• Independently SOC 2 Certified
• Amazon Web Services (AWS) Certifications
  • ISO 27001, 27017 and 27018
  • PCI DSS for S3, EBS, VPC, RDS, ELB, IAM
  • FISMA Moderate Compliant Controls
  • HIPAA & ITAR Compliant Architecture
• Auditable infrastructure
• Encrypted URL
• AWS platform is monitored 24/7
• Disaster recovery plan
• Single Sign-On (SSO)