Media Hub | News | 2020

Just Cashflow launches Enhanced Broker Portal

Increases the speed, efficiency and security of the application process and utilises leading fraud prevention software.

Just Cashflow is introducing a significantly enhanced Broker Portal that both increase the speed, efficiency and security of the application process and utilises leading fraud prevention software.

Just Cashflow’s Executive Chairman John Davies says,”The enhancements to our portal have been driven by feedback from Brokers. The result is a focus on ease of submission, transparency and the ability to track exactly what stage every application is at and, most importantly, what is needed to deliver a timely and successful outcome for the end customer.

“When we asked Brokers what their major frustration was with lenders the clear answer was ‘communication’.

“Just one enhancement example is submission of key documents at the application stage and testing has proven that this removes unnecessary delays in the application process”

Turning to the fraud prevention focus, John explains,” SMEs lose around £1.5bn in fraud every year* and the portal uses the latest technology to help 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 goes to work to confirm 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.

“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.”

Notes

At Just Cash Flow PLC we partner with ambitious, well run businesses by providing fast flexible financial help to ensure sustainable long term growth and prosperity. Our principal product is our Revolving Credit Facility that works in exactly the same way as a traditional bank overdraft.

We employ a combination of technology to quickly assess if businesses qualify for our flexible finance options.

Highly experienced business underwriters then take the time to show genuine interest in potential customers’ businesses and recommend the appropriate facility.Increasingly, we are now offering additional banking services to our customers that they tell us they would value.

Footnotes

Loss estimates come from research conducted among SME owners by law firm Slater and Gordon in October 2016. The same research also revealed that 18% of SME victims did not report the loss – equivalent to £260m of a total nearly £1.5bn fraud (£1.44bn).

Download the Press Release

Date Issued July 2020.

Follow @justcashflowuk on Twitter for more like this.

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