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Cync Asset Based Lending

Cync Asset Based Lending (ABL)

The Cync Banking Solution:
Security, Automation & Productivity

Cync Software’s Asset Based Lending (ABL) application is designed to improve the lenders’ ABL portfolio management and increase productivity through BBC automation. Cync starts calculating ineligibles, collateral values and borrowing base certificates upon collateral file upload. It tracks inventory, receivables, payables and provides data analysis and reporting as text or graphs at the client or portfolio level. Additionally, it provides loan administration capabilities including financial statement analysis, risk management, loan agreement and covenant monitoring.

Automation & Productivity

  • Automatic (or manual) calculation of A/R and Inventory collateral
  • Advance Rate including Seasonal Advance Rates/Multiple Advance Rates
  • Auto calculation of ineligibles
  • Parameter flexibility for ineligibles
  • Commitments and Limits
  • Participation party tracking
  • Electronically sign BBC’s
  • Sub limits on all collateral types
  • Electronic document & historical data storage
  • Client portal
  • Notifications (text & email)
  • Document compliance tracking
  • Exception tracking, reporting and trending
  • Activity tickler
  • Covenant compliance and tracking
  • Online helpdesk
  • Interface with Bank’s Core System
  • Multi-Currency
  • Multiple Loans
  • 50+ Reports & Trend Cards

Security

  • 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)
Cync BBC Trend Report

Figure 1. Cync BBC Trend Report

Better manage your overall portfolio risk by providing a detailed analysis of BBC’s, debtor concentration and trends.