Cloudsquare, an end-to-end lending platform built on Salesforce, is helping lenders bring greater control, visibility and consistency to payment operations through its partnership with ACH Works, an ACH payment processor and risk management provider.
Through this partnership, Cloudsquare brings ACH Works directly into the lending workflow, enabling lenders to manage payment activity within the same system they use to originate, fund and service deals. Payments, returns and transaction updates are centralized, giving servicing teams the visibility and control needed to operate more efficiently.
With ACH Works integrated into Cloudsquare, lenders can:
- Automate ACH payments and recurring collections within their existing workflows
- Monitor payment activity, including statuses and returns, in a centralized view
- Reduce manual reconciliation and back-office workload
- Support growing transaction volumes with structured, reliable payment operations
“Managing ACH payments gets messy fast,” Jeffrey Morgenstein, CEO of Cloudsquare, said. “A borrower wants to change their schedule, adjust amounts or pause payments, and suddenly it’s a bunch of manual work and back-and-forth. ACH Works gives us the payment infrastructure, and Cloudsquare makes it easy to manage all of that in one place without the headache.”
ACH Works provides ACH payment processing and risk management solutions for businesses that require secure and compliant transaction handling. When integrated with Cloudsquare, this infrastructure becomes part of the lender’s day-to-day workflow, rather than a separate system that teams have to manage independently.
“Lenders need security, transparency and control when it comes to receiving payments,” Ryan McCurry, president at ACH Works, said. “Working with Cloudsquare allows our mutual clients to possess vital payment processing and the ability to monitor directly in the systems lenders rely on to run their operations.”
