Client Overview

Australian firm, THN Capital Solutions (THNCS) specializes in business finance. The team is dedicated to help its business customers grow their business and enhance their cash flow position.

Key Objectives

Automating existing invoice factoring & underwriting process that was implemented using a manually-intensive process.
System to thoroughly assess the information about both the business owner and the customers, including (but not limited to) bank statements, ID verifications, IT returns, any bankruptcy filings, repayment plans for outstanding debts, etc was needed.
Market competition and the need for a quick turnaround on loan applications required Salesforce implementation to be scalable, competitive, and profitable.

“Automating invoice assessment and streamlining credit decisioning has immensely improved our team’s efficiency. The complexity to arrive at the prioritized leads suing Credit Scores was cracked by LendingLogik folks very well and has actually led us to realize better efficiencies.”

Hirdesh Prasad

CEO – THN Capital Pty Ltd.

Salesforce Integrations

Solution Highlights

Better client onboarding process using verification from APLYiD against public DB & biometric capabilities (using photo & fingerprints).
Designed a self-service online portal for businesses to upload their invoices with the accounts receivable details to help assess their creditworthiness, using integration with bankstatement.com.
Credit Decisioning made easier using an action-based guided intuitive component.
Helped THN comply with documentation trail depending on the loan type such as accounts receivable aging report, invoices to factor, and business formation documents.
Helped quick lead prioritization on the Salesforce UI, using color-coded Credit Scores that adapted in real time to underlying financial data.

Value Delivered

Automatic creation and updating of customer records in Salesforce, and siloed spreadsheets.
More targeted, risk-averse decision making by the underwriting team.

Reduced time spent on training of new loan assessors and arduous paperwork used for identity verification.
System allows the flexibility to connect with bankstatement.com platform to assess invoice information.

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