From the Wires
BBC Easy Automates Asset-Based Lending Monitoring and Approvals for Manufacturing and Service Businesses That File Borrowing Base Certificates (BBCs) With Banks and Finance Companies
The Cloud-Based Software Links Into Many Popular Accounting Packages Such as Maxwell Systems, Microsoft Dynamics, Peachtree, QuickBooks and Sage Products to Automate the BBC Filing Process
By: Marketwired .
Dec. 18, 2012 08:31 AM
SEATTLE, WA -- (Marketwire) -- 12/18/12 -- BBC Easy's new online software makes it easy for banks, credit unions and finance companies to set up asset-based lending parameters with a cloud-based dashboard tool. The customer logs into the BBC Easy dashboard, sets up their account, and with the touch of one button all of the data is retrieved from their accounting package. BBC Easy then automatically generates BBCs with the correct data with supporting documentation, and then forwards it to their loan officer for review in less than 30-seconds. Chief Credit Officers (CCOs) and CFOs can watch how easy the 30-second BBC Easy tool is to use at: http://www.bbceasy.com/videos.
Bank loan officers can then logon and review the customer's BBC and all supporting documents. With this detailed information at their fingertips, funding decisions can be made in minutes rather than the hours they currently take to complete. No more running reports, no more paperwork and no more errors. Businesses love the time savings and finance companies love the accuracy.
"Many manufacturing, transportation, staffing and service companies that have worked with Borrowing Base Certificates are painfully aware of how cumbersome and time consuming the process is... from running reports to transcribing data and performing calculations, completing a BBC is no fun," said James Walter, BBC Easy's CEO. "Every borrower or lender that sees the automated 30-second BBC immediately recognizes the tremendous value and time savings of using BBC Easy."
"When customers on both sides of the BBC filing process see our dashboard, they know they are going to save lots of time and money with this tool," stated Corey Ross, BBC Easy's Vice President of Sales. "All end users want the product because they know the ROI will greatly exceed the cost and will enable executives to focus on running their core business instead of performing lots of data entry to manage their BBC paperwork."
BBC Easy provides a white-label reseller program and free training classes to all banking associations. Download the www.bbceasy.com/FactSheet for more information.
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