Requirements checklist
What to ask for when choosing software for business finance providers.
A checklist built from how business finance providers work, to print or save as a PDF and bring to any supplier meeting.
What the software should cover
Tick each one that matters to your business.
- Borrower file and group view
- Sanction, limit and conditions
- Drawdown requests against the limit
- Security and documents register
- Repayments and receipts matched to the bank
- Overdue follow-up and reminders
- Reports for credit and management
Where the work usually breaks today
Circle the ones you recognise. They set the order of the project.
- The limit and its use are in different files
- Conditions of sanction are tracked by memory
- Repayments are matched by hand
- Overdue follow-up runs from a stale list
- Group exposure is hard to see
Prefer to talk it through? See the business finance providers page.