- In the supply chain business, invoices mature daily and asset cover needs to be monitored to ensure cash does not leak.
- The Finvisage system is an outsourced technology solution that allows the borrower to upate asset cover and for auditors to add verifications online.
Transaction Summary:
Finvisage is a reporting tool which updates lenders with the asset cover and portfolio performance of collateral supporting the loans.
Delivers daily updates of asset cover and portfolio days past due data.
Ability for trustee and lenders to monitor the collateral while auditors add their signatures to the reports.
Host systems are insulated.
Key Take Away:
- Monitoring from multiple agencies who can create reports and identify collateral without requesting Borrower intervention.
- Provides an audited track record of payments to enable credit rating”