What we do
Funding Platform for Banks & FI’s
You originate and fund, we’ll provide the daily operations
You originate and fund, we’ll provide the daily operations
Some banks and asset managers want to originate receivables-backed working capital programs, manage the corporate relationships and arrange the funding. But they don’t want to get involved in day-to-day program operation and they often don’t have the in-house infrastructure to deliver them.
Consequently, they either don’t offer their corporate clients a receivables finance solution. Or they provide an inferior form of working capital program that only funds invoices issued to the corporate’s top X debtors.
AronovaTransact! is our outsourced turnkey operational platform. It allows banks and asset managers to originate and fund receivables-backed working capital programs, while we provide all the daily operations.
AronovaTransact! is our on-demand, end-to-end receivables finance platform
Through AronovaTransact! we can now provide a fully outsourced, on-demand, end-to-end platform for the delivery and secure operation of portfolio-wide receivables-backed working capital programs. Spanning origination, data collection and eligibility through to cash reconciliation, fraud monitoring and backup servicing, AronovaTransact! takes the operational headache away from banks and asset managers, allowing them to focus on what they’re good at.
- Automated collection of validated receivables from sellers, factors or invoice processing platforms
- Global, ground-up debtor Insured Limits providing insurance certainty and qualification for capital relief
- Reconciliation of lockbox cash to accounting system receipts and control of cash for receivables purchases
- DUNS match verification of debtor records, situation within global holding structures, sanctions checks and backup servicing
- Application of required eligibility testing, stop purchase, repurchasing, performance triggers and S&P reserving (if used)
- Optimisation of which receivables to sell, borrowing base tests and Cash Manager instructions for funds transfers to seller(s)
- Always-on real-time monitoring for credit control anomalies and potentially fraudulent situations
- Mobile app providing a corporate seller with on-the-go monitoring and real-time notifications of invoice sales and key events
Download our fact sheet to find out more about AronovaTransact!
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