For banks and lenders, choosing and implementing the right software systems is difficult. Knowing where to start is key. We advise banks and lenders to consider eight areas of their business before they begin their search for new workplace technology.
We’ve put Open Accounting at the heart of our vision for the complete, connecting commercial finance lending OS – and banks and lenders worldwide are realising the power of enhanced automation and data transparency for their businesses and borrowers.
For banks and lenders offering receivables finance products, our eSync product type combines the speed and simplicity of invoice discounting with factoring-level visibility and a streamlined borrower experience. This article is designed to help lenders and banks understand if eSync is right for them and their clients.
Google "Open Finance" and you’ll be flooded with info on Open Banking. Rightly so.
Picture the scene. You’re the owner of a small business. You started factoring your invoices two years ago. You chose your factor because they offered a decent cost of capital and made it easy to start borrowing. You simply connected your accounting system to their online system and they did the rest.
[Bath, UK] On Friday, our UK team laced up their boots and trekked the Bath Skyline trail for Prostate Cancer UK – a charity dedicated to raising awareness and solving a condition that affects 1 in 8 men in the UK. In doing so, we raised £1460 from friends and family and had a lot of fun to boot!
ScotPac – the largest non-bank business lender in Australia and New Zealand – has partnered with Dancerace to deliver the next step in its ambitious technology transformation program.
Dancerace CEO Elliot Avison has accepted an invitation to join other lending and technology leaders and academics on the Editorial Board at TRF News.
After 18 years at Lenvi (formerly Equiniti Riskfactor), ABL veteran Jon Watts has joined Dancerace to support us in our mission to deliver the complete, connected ABL operating system for commercial lenders.
Ten years ago, cloud-hosted systems were a new frontier for commercial finance technology. At Dancerace, we were among the first to make the switch, moving our on-premise servers to the cloud in 2009.