It allows brokers to track exactly what stage every application is at and what is needed to deliver a timely and successful outcome for the client.
This includes the submission of key documents at the application stage, after proving that this removes unnecessary delays in the application process.
“When we asked brokers what their major frustration was with lenders, the clear answer was ‘communication’,” said Just Cashflow’s executive chairman, John Davies (pictured above).
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“Our portal recognises this and is designed so brokers can see exactly what stage the application process is at and they don’t have to waste valuable time phoning or emailing to ask.”
Utilising fraud prevention software, the portal also helps brokers identify companies and directors with potential fraudulent intentions.
At application stage, a link is included to Companies House in order to confirm the identity of the company seeking finance, but then proprietary AI-driven software confirms the identity of the company and relevant beneficial owners and possible links to previous fraudulent intentions.
“We believe the investment in our portal will significantly enhance the ease and speed of the application process for both brokers and the all-important end customer,” John added.
“As we emerge from the Covid-19 crisis, SMEs are going to need access to the right financial solutions, so they will welcome innovative ways that show lenders and brokers are working together to get them the funding they need without unnecessary delays.”