Home Critical engine Lendflow uses Ocrolus to improve access to credit for small businesses

Lendflow uses Ocrolus to improve access to credit for small businesses

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By Edlyn Cardoza

Today

  • Cash flow
  • credit decision
  • credit management

Ocrolus, the document and data analytics platform that helps financial services firms make high-quality decisions with trusted data, announced that it is working with Lendflow to quickly and accurately determine the viability of borrowers and provide critical access to capital.

“In a challenging economic environment with rising interest rates, small businesses are finding it difficult to access credit from traditional financial institutions that are tightening lending criteria in an effort to mitigate risk,” said John Forrester, Senior Vice President of Products at Ocrolus. “Lendflow has really stepped in to enable every lender, fintech, or SaaS company serving SMBs to provide faster, easier, and cheaper access to credit.”

Lendflow, an embedded solutions provider SME loans, leverages Ocrolus’ document automation technology to analyze data from documents, such as bank statements, W-2s, and business tax returns, and provide critical insights into income, daily balances, and more of a business. Ocrolus provides Lendflow with information about a borrower’s cash flow to determine where a loan request should be routed within its lender network. Lendflow also uses individual cash flow metrics provided by the document and data analytics platform in its credit decision engine, enabling lenders to process SME credit applications efficiently.

“Ocrolus has allowed us to increase efficiency and automation at scale,” said Jon Fry, CEO and co-founder of Lendflow. “With Ocrolus, our customers can launch new credit products and get to market quickly because cash flow analysis is at the heart of decision-making. In turn, they can help their SME clients with seamless and faster access to financing that they didn’t have before. »

Industry leaders like Lendflow are increasingly turning to Ocrolus to make better, faster lending decisions through AI-powered automation. Ocrolus is a document automation platform that powers the digital lending ecosystem, automating credit decisions for small business, mortgages and consumer loans.

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