Phoenix Capital Group (PCG), a division of Gulf Coast Bank & Trust and a transportation factor for over 25 years, has launched on XEN, an end-to-end factoring platform, to manage all origination and underwriting. The partnership marks a major step forward in streamlining and accelerating PCG’s front-end operations.
“XEN’s impact on our deal flow, win rates and client experience was immediate,” Bryan Alsobrooks, president of PCG, said. “Speed is everything in transportation factoring, and XEN has transformed our ability to move fast. Processes that used to take days now take hours or minutes, and the prospect experience on XEN has become a competitive advantage that sets our client relationships up for success.”
Through XEN’s platform, PCG has transformed every stage of the deal process: application intake and document collection are now automated; due diligence is centralized through XEN’s integrated partner network; and closing new clients is now seamless.
“Partnering with Phoenix Capital Group, a longtime, respected leader in transportation factoring, is an exciting milestone as we continue to scale our business and platform,” Alexander Kayfetz-Gaum, senior vice president at XEN, said. “PCG came to us with clear goals: move faster, close more and deliver their prospects a better experience. They hit all three within weeks. These are the results our clients can expect when they partner with XEN.”
