CHICAGO--(BUSINESS WIRE)--Credit, Collections & Accounts Receivable Software leader Bectran, Inc. today unveiled the Enhanced SME API, a data integration solution designed to simplify and accelerate the dual integration of ERP and other third-party data into the Bectran platform for SMEs. The Enhanced SME API provides a simplified and less technical data preparation and transmission capability to match the scale, data complexity and corporate IT capability of SMEs, with dynamic real-time API performance metrics.
The pressure on Corporate IT teams has been intensifying as new technologies and processes are being adopted in their organizations. The adoption of cloud-based SaaS technology solutions is radically changing the way services are configured, deployed, and scaled. Enterprise data integration remains at the core of every enterprise process implementation on a SaaS platform, and Credit, Collections and Accounts Receivable data are no different. The Enhanced SME API achieves a significant advancement in the ease and simplicity of data integration with minimal corporate IT support.
The enhanced SME API is specifically designed to facilitate the automatic transmission of data between the Bectran platform and independent third-party platforms. Third-party credit and accounts receivable data is collected and analyzed in Bectran and provides the bedrock for credit risk management, cash applications and collections management.
“The real-time transmission of credit intelligence is critical to the functions of a cloud-based financial management platform. The Enhanced SME API was designed with the goal of improving the efficiency of data integration, empowering credit departments to transition to a dynamic data management system without intensive IT support. Access to an inflow of real-time third-party credit and accounts receivable data provides businesses with the end-to-end visibility needed to make smarter, data-enabled financial decisions,” said Louis Ifeguni, CEO and Founder of Bectran.
“Michelin sought to find a credit management solution that had full integration capabilities with our current CRM. We needed this integration to give our team instant access to the whole customer history, enabling them to make data driven credit decisions. With weekly implementation meetings and the full support of Bectran’s technical team, information from our CRM was seamlessly integrated into the Bectran application. The automated data aggregation and credit evaluation capabilities of Bectran’s IDM supported Michelin’s credit department in making quicker data driven credit decisions,” said Tim Murphy, senior information systems project manager at Michelin, the world-leading manufacturer and distributor of tires.
Additional Resources and Availability
Bectran Enhanced SME API is generally available to customers later in the month of February.
For more information, please visit: bectran.com/enterprise-data-management.html.
About Bectran, Inc.
Bectran, the industry leading SaaS platform, has grown rapidly over the years to become the companion toolkit for the Credit Department just as CRM is for the Sales Department. From simple to complex organizations and SMEs to Fortune 500 companies, Bectran has helped companies cut down the time to process and approve credit by over 90% while significantly lowering the risk of credit defaults and the cost of collections.
A growing number of companies are depending on Bectran to manage their Accounts Receivable and Collections. With significant process and task automation, companies are able to cut down the cost of collections by as much as 60-90% while accelerating the cash receipts cycle with complete and accurate cash applications.
Bectran’s clients enjoy the ease, speed, and cost-effectiveness of adopting the Bectran platform. New clients are onboarded in a matter of days or weeks. Credit professionals in various industries have described the Bectran platform as the future of the Credit Department. To learn more, visit www.bectran.com
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