Cync Asset-Based Lending (ABL)

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, all the while minimizing risk and improving the borrower’s experience.

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 hands 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.

Codat Integration for Automated Spreading

Customers can connect to Codat in just a few minutes without waiting days or weeks for a custom connection to be coded. Codat keeps records synced in a configured interval and Cync LOS pulls the invoices from Codat whenever required. The Spreading feature engages with Codat for mapping statements from a borrower’s accounting software directly into LOS.

Salesforce Integration

The Salesforce framework integration service enables customers to securely transfer their data into the Cync applications by managing data ingestion and validation processes with speed, agility, and reliability for peace of mind.

Quickbooks Integration

This integration allows lenders 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 a custom connection.

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)