Real-Time Risk Monitoring & Reporting

The Accounts Receivable Automation Software and Payments Technology is deeply data integrated with Firms’ Practice Management Software. The depth of integration and real-time synchronicity provide real-time visibility over a Firm’s accounts receivable ledger and the payment status of every single invoice. Combined with the technology’s automated payment write-back (accounting journal entries) and payment reconciliation process, this ensures real-time debtor risk performance. The real time synchronisation also captures manual ledger adjustments, such as credit notes, reversals, cash payments etc., ensuring error free loan advance rate monitoring to mitigate the risk of loan-to-value (LTV) ratio covenant breaches.

Moreover, the Payments technology provides visibility over the identification and payments performance of every single client of the Firm. This level of transparency ensures real-time risk management, with risk metrics with Lenders to gain comfort over the performance of their loans.