Solifi, a financial technology software partner for the secured finance industry, completed its integration with Codat, a provider of enhanced-connectivity automated solutions. Using pre-built APIs, the integration with Codat permits consented business data, such as accounts receivable and debtor information, to securely integrate into operational systems in real-time, with the aim of providing assed-based lending customers a more comprehensive view of risk.
The integration enables automatic debtor credit limit imports, with the aim of ensuring real-time availability without borrower or lender file processing while enhancing borrower health accuracy and automating manual tasks. Lenders can also monitor accounts receivable changes and ineligibles more frequently, with data pushed by the borrower or pulled by the lender.
“Readily available as part of our ABL solution, this integration empowers lenders with enhanced real-time insights and analysis,” Bill Noel, chief product officer at Solifi, said. “Our customers can now make more informed lending decisions with reduced risk and higher profitability.”
