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What is Softloans?

Softloans technology equips various platforms, such as payment processors, marketplaces, marketing agencies, and logistics firms, with the capability to offer financial solutions to their business clients. By granting access to vital working capital, businesses can enhance the success of their clients while simultaneously creating a new revenue stream through commissions on each loan processed. This versatile solution is engineered for rapid implementation across Europe and beyond. By decreasing the likelihood of false rejections in loan applications, Softloans boosts profitability for lenders. Designed for assessments of both individuals and corporations, it provides unique benefits like detecting risky behaviors, including gambling, and analyzing the financial situations of users. It also delivers crucial insights into the relationships between customers and suppliers, enabling thorough analysis of both operational and financing cash flows. Overall, this technology cultivates a more informed lending landscape, promoting advantages for both lenders and borrowers while fostering a supportive ecosystem for financial growth.

What is Scorto Loan Manager SME?

The difficulties associated with bad debts are especially significant for loans to small and medium enterprises (SMEs) when compared to other types of retail financing. To effectively address these challenges, it is crucial to utilize skilled personnel efficiently, a task that Scorto excels at. There is an urgent requirement to reduce the operational expenses linked to SME lending while also boosting overall operational efficiency. Given the fierce competition in the SME sector, it is vital to continuously refine credit strategies and accurately gauge performance metrics. A comprehensive financial evaluation of potential borrowers' businesses is essential, along with the automation of the loan application process for SMEs. Implementing pricing based on risk is critical, and it is equally important to carry out thorough credit risk assessments throughout each phase of the loan's lifecycle. Organizations must also prioritize the scoring, rating, and categorization of their clients. In addition, analyzing payment trends and evaluating credit risk entails estimating important parameters like the Probability of Default (PD), Exposure at Default (EAD), and Loss Given Default (LGD), which are necessary for determining Risk-Weighted Assets (RWA) in accordance with Basel II standards. Moreover, integrating tools that support cross-selling and upselling strategies should be a priority, in conjunction with effective business rules and process management tailored for SME lending. Regularly automated reassessments of default risk and key financial ratios are critical for obtaining an accurate analysis of SMEs. By adopting this thorough approach, organizations not only mitigate risks but also promote sustainable growth and stability within the SME lending sector, ensuring that they remain competitive in an ever-evolving market.

Media

Media

Integrations Supported

Google Ads
Shopify
Stripe

Integrations Supported

Google Ads
Shopify
Stripe

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Softloans

Date Founded

2022

Company Location

Lithuania

Company Website

softloans.io

Company Facts

Organization Name

Scorto

Date Founded

2001

Company Location

United States

Company Website

scorto.com/loan-manager-sme/

Categories and Features

Categories and Features

Commercial Loan

Asset Management
Audit Trail
Complex Debt Structures
Dashboard
Document Management
Exposure Management
Lead Management
Pipeline Management
Risk Management
Trend Analysis

Loan Servicing

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans

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