Vision Critical’s OSMO® service has transformed the c. £200bn UK Asset Based Lending market through deployments by Close Invoice Finance, Credit Agricole Commercial Finance, Fortis Commercial Finance, HSBC Commercial Finance, Leumi ABL and Lloyds TSB Commercial Finance.
OSMO® gives invoice discounters and asset based lenders the ability to improve visibility and control, offer higher levels of funding and reduce operational costs – all at the same time. It provides the optimum way in which financial data can be extracted from the borrowers’ accounting packages effortlessly and cost-effectively, eliminating error risk through manual intervention. The ability to extract relevant data to monitor debtors down to invoice level, gives lenders a vital competitive edge.
The only reliable source of predictive financial information is within the accounting package. Vision Critical is now able to access this information effortlessly, rendering the real-time financial picture of a business. Using the sum of this information, lenders can predict the financial position going forward with far greater certainty.
The service allows lenders to truly understand their risk at an early stage, reduces the risk of concealment and can be implemented without the need to replace a lender’s current IT infrastructure.
Vision Critical delivers:
- Connection to 90% of corporate accounting packages
- Effortless automation of data transfer between borrower and lender
- Collection of 12 months transaction history
- Re-creation of the sales and payable ledger on a daily basis
- Presentation of individual invoice line level detail
The benefits are:
- Low cost effortless transfer with assured data integrity
- Re-creation of transaction history, including a borrower’s invoices, by lender
- Real-time visibility of lender’s security
- Ease of assignment of invoices by borrower
- Improved lender profitability with reduced risk
- Vision Critical has documented increases in the value of transactions of 20% and reduced costs of 30%
- Return on investment is well documented among some of the largest and most demanding customers
Vision Critical has transformed the Asset Based Lending industry. Contact us now to see how we can enhance your business performance.
