With its ability to cater for the widest range of commercial lending products, our partnership with Trade Ledger will help us support customers more effectively
Gavin Opperman – Group Business Director, Virgin Money
Trade Ledger unlocks the market so lenders can serve more business borrowers.
This is data-driven lending.
In the past, lending has been difficult and expensive, and 200 million companies globally couldn’t get the credit they needed. Trade Ledger transforms your ability to lend to small and medium enterprises (SMEs) – with asset finance, invoice finance, term loans, embedded finance and more.
Make your business lending faster, easier and more profitable.
The best lending experiences are created with Trade Ledger
Trade Ledger gives you a simpler way of working. It brings together all the data you need throughout the customer lifecycle. It provides analysis, automates processes, and shows the information you need to make good decisions.
50% less cost,
50% more conversion
Borrowers submit just a few details. The Trade Ledger platform fetches all the information that’s needed for a decision, in seconds. There’s no need for anyone to track down documents from multiple systems, folders or emails. The integration work, to bring it all together, has been done for you.
- 4 minutes: time needed for borrowers to apply, compared to the 30 hours for a traditional application.
- 1 hour: as little as one hour time-to-offer.
- Under a day: time to initial drawdown, compared with 90 days for traditional loans.
Finally, businesses can get the cash they need
…and you can grow your loan books and expand into new markets.
Trade Ledger supports asset finance, invoice finance, term loans, embedded finance and bespoke lending.
Enable businesses to finance new or existing equipment, vehicles or parts with fixed payments.
Enable businesses to manage their cashflow and build working capital by lending against invoices.
Help businesses to achieve more financial freedom with easily configured repayment schedules.
Build new data-driven cash-flow products, including embedded finance and bespoke lending.
Who it’s for
Global, regional and national trade banks, and alternative finance lenders, are already using Trade Ledger.
Just by improving the way information is handled, Trade Ledger can improve customer satisfaction, margins, market share and operational efficiency.
Improve customer satisfaction
- Get cash to borrowers faster
- Reduce dropouts
- Increase repeat business, cross-sell and up-sell
Win market share
- Launch new financing products
- Capture market share for finance on intangible assets
Improve margins
- Reduce onboarding and servicing costs
- Reduce errors and re-work during origination and onboarding
- Win higher-margin business by lending more quickly
Gain operational benefits
- Manage risk more effectively
- Update systems with minimum disruption
Customer experience is at the heart of what we do and we are continuously looking for ways to enhance the way SMEs interact and transact with us online. Our partnership with Trade Ledger reflects this continuous improvement, enabling SMEs searching for finance to quickly and easily apply for the funding they need.
Edward Winterton, UK CEO of Bibby Financial Services
How it works:
the lending-as-a-service platform
Borrowers apply on your lending website, or brokers/introducers add them via a dedicated portal.
The Trade Ledger platform fetches the information needed for a decision. The information is always up to date. The platform also stores any documents that are needed.
The same information is available to all your teams – sales, relationship management, operations, legal – a single view of the customer for their whole lifecycle. The broker portal gives introducers much of this information too.
Some or all of your origination and other processes can be automated. The platform can apply risk models, to augment decision-making.
Of all the vendors we assessed for our Open Account Trade Finance Platform,
Trade Ledger had by far the most advanced architecture we had seen.
Tier 1 Global Bank
Enabling credit for every business
Trade Ledger is a purpose-driven company.
It helps small businesses succeed, so they can sustain and create jobs.
Their biggest problem is getting finance, because high onboarding and servicing costs made it uneconomic for lenders to serve this sector.
Trade Ledger makes it easy and profitable for you to lend to SMEs.
WIN A SHARE OF THE £1.2 tn MARKET
Get cash into borrowers’ hands faster
Enable credit on intangible assets
Meet changing market needs, with rapid product launches
BOOST PROFITABILITY
Speed up origination with fewer errors, re-work and bottlenecks
Monitor risk in real time and with better information
Increase up-sell and repeat business
IMPROVE THE CUSTOMER EXPERIENCE
Offer simplified cashflow products
Create trusting relationships with borrowers
Digitise at the pace that’s right for you
Latest white papers
Corporate Banking
Predictions 2021
Data-driven
business lending
Post-pandemic
business finance