SOURCE: Recombo Inc.

Agreement Express, powered by SimQ

October 17, 2014 08:30 ET

Base Commerce Automates Underwriting With Agreement Express, Powered by SimQ

One of the Fastest Growing Private Companies in the US is Using a Remarkable Cloud-Hosted Solution that Automates the Onboarding and Underwriting Process

VANCOUVER, BC--(Marketwired - October 17, 2014) - Recombo, the provider of Agreement Express, a SaaS based automated onboarding and underwriting solution, is pleased to announce that Base Commerce is their newest customer. By using Agreement Express, Base Commerce, is able to increase profitability as they grow by making their underwriting team more productive.

Through an integration with Salesforce.com, one of the key advantages of the solution, Agreement Express will automatically underwrite more than half of Base Commerce's new accounts. "Agreement Express by Recombo was the obvious choice. The Recombo team took the time to understand our business requirements and built an elegant and straightforward solution that works within our existing business process," said Jason Doolittle, Chief Operating Officer of Base Commerce.

"Base Commerce is one of the fastest growing private companies in the United States, and by automating their underwriting process we're going to help them become one of the most profitable," explains Mike Gardner, CEO of Recombo. "Revenue will now grow faster than cost because Agreement Express automates the new volume that they traditionally would have had to hire new underwriters for." In addition, an automated risk scorecard will take information like the MCC code, processing volume, and delivery timeframe as well as information collected from credit bureaus, identity verification services, and the MasterCard MATCH list to automatically adjudicate new accounts.

The leadership team of Recombo (Booth 328) and Base Commerce, respectively, will be attending Money 20/20 held at the Aria Resort & Casino on Nov 2-5, 2014 in Las Vegas. 

About Recombo: Canadian-based Recombo is the maker of Agreement Express - a SaaS based rapid customer onboarding and underwriting platform that manages the intake and processes of new merchant applications, verifies data within applications, and easily offers access to thousands of data points. An entire transaction is automated from beginning to end, starting with the right paperwork to approval and set-up. Agreement Express is used by leading Fortune 500 financial institutions and three of the top five global acquirers in electronic payments. For more information, visit http://www.recombo.com/

About Base Commerce: Founded in 2008, Base Commerce is a next generation API driven payments platform that enables any company to accept payments easily. The technology transcends traditional payments platforms by providing businesses with features and functions that help keep fraud minimal and margins high. Additionally, the company provides deep customization to pricing models and merchant onboarding processes, which gives developers completely new revenue pathways, and merchants full transparency. Base Commerce was named the 23rd fastest growing private company in the US on the 2014 Inc. 5000 list. For more information, visit http://www.basecommerce.com/

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