SOURCE: Bectran Inc.

Bectran B2B Credit Management Platform

September 29, 2015 09:30 ET

Bectran Launches New and Expanded Features within Their State-of-the-Art B2B Software

ITASCA, IL--(Marketwired - September 29, 2015) - Their customers spoke, and Bectran listened. Gone are the days when only the largest organizations could afford to have a customizable and robust B2B credit management tool at their disposal. With Bectran’s latest software update, every company who extends business credit, including small and medium-sized businesses, will have the opportunity to streamline their entire credit approval process, without exceeding their budget.

“We couldn’t be more excited to get this new tool in front of credit managers everywhere. Our Engineers have worked tirelessly to implement changes to make this the most flexible credit management tool on the market”Louis Ifeguni, CEO of Bectran

In a recent survey, Bectran’s clients have reported a 90% savings in time to process credit requests for approval. With a fully electronic system, there are no incomplete or inaccurate credit applications. The survey also indicated some clients have even received bank and trade references back the same day the application was submitted. Bectran’s tool also integrates real-time with the major credit bureaus and can even use that data to create custom scoring for their clients.

The platform is entirely SaaS-based, which means Bectran has the ability to make immediate adjustments to their client’s software as their business needs evolve.

“The Bectran solution is the clear leader in the front-end B2B trade credit management solution space. It was flexible, easy and quick to implement and was rolled out nationally for our client, FleetPride. Payback was significant and almost immediate. Bectran provided the visibility to the sales force they never had before. We have incorporated Bectran as a major component of our order-to-cash optimization consulting practice.”Raj Thangavelsamy, Senior Director, SSA & COMPANY

Bectran, the industry leading SaaS platform, has grown rapidly over the last five years to become the companion toolkit for the Credit Department just as CRM is for the Sales Department. From simple to complex organizations, SMEs to Fortune 500 companies, Bectran has helped companies cut down the time to process and approve credit by over 90% whilst significantly lowering the risk of credit defaults and the cost of collections. Their customers enjoy the ease, speed, and cost-effectiveness of adopting the Bectran platform. New clients are on-boarded in matter of days and weeks. Credit Professionals in various industries have described the Bectran platform as the future of the credit department. Recently, Bectran was recognized as a top innovator in the credit software industry.

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