Salesforce Products Used
Sales Cloud
Salesforce Integrations
Sales Cloud
THN Capital Solutions (THNCS) specializes in finance and financial management. The team is dedicated to help its business customers grow their business and enhance their cash flow position.
At THN Capital, invoice factoring underwriting process was implemented using a manual-intensive process. Providing an immediate cash flow to business owners leveraging their unpaid customer invoices as collateral requires thorough information about both the business owner and the customers, including (but not limited to) bank statements, IT returns, any bankruptcy filings, repayment plans for outstanding debts, etc. Market pressure and the need for a quick turnaround on loan applications required Salesforce implementation to be scalable, competitive, and profitable.
In terms of delivering fast work, I really count for this team. They converted my Idea as per my choice, exactly the same market currently need. Absolutely fine services, which makes me happy. Great consultant, a good listener and prompt result.
Helped THN Capital adopt ID verification solutions by APLYiDBetter onboarding process for the business and its clients using verification against public databases and biometric capabilities (using photo and fingerprint assessments)Designed a self-service online portal for businesses to upload their invoices with the accounts receivable details to help assess the creditworthinessAllows capturing various aspects of the business and its financing requirement to create a comprehensive Fact File.Dynamically shows list of required documents depending on the loan type such as accounts receivable aging report, invoices to factor, and business formation documentsWebpage branding customized for each business customer.Webpage shared with the customer as a weblink and can be used to upload documents at various times with system keeps track what has been uploaded.System allows invoices to be automatically shared, using integration with bankstatement.comNew system (and built-in user interface) can automatically trigger appropriate stipulation workflows for data capture and analysis.Credit Decisioning made easier using an action-based guided intuitive component.Enriched with features such as algorithm to check loan criteria for each lead, provision to escalate for priority leads, etc.Created an algorithm to score all prospects using information from multiple data sources.Assess the color-coded scores of each and every lead in real time and display the score on the screen dynamically as the data changes.
System allows the flexibility to connect to the platform or upload the invoices on which financing needs to be done.Removed cumbersome manual upload of invoices that could be prone to errors.Reduced time spent on training of new loan assessors and arduous paperwork used for identity verification.More complete visibility into the status of all deals in the pipeline.More targeted, risk-averse decision making by the underwriting team.Resulted in far more deal submissions.Automatic creation and updating of customer records in Salesforce, and elimination of risk of deals getting lost in the shuffle of email messages and siloed spreadsheets.
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