FinSoft Asset Based Lending Software

FinSoft, LLC specializes in Asset Based Lending (ABL) software, providing robust solutions for secured commercial finance back-office operations and field examinations.

The company offers two primary products: AssetReader and AssetWriter. Both products are designed to enhance audit efficiencies by incorporating advanced features such as ineligible collateral calculations, report writing, data analytics, and automation. These functionalities aim to improve accuracy while streamlining operations in the ABL industry.

AssetReader is a user-friendly tool that enables users to analyze and calculate ineligible collateral for accounts receivable and inventory. It facilitates data import in various formats without requiring programming knowledge, making it accessible for users with differing skill levels. Notably, the software incorporates machine learning and built-in business intelligence to provide fast and accurate reporting and analysis, enhancing overall efficiency.

AssetWriter, on the other hand, is a comprehensive stand-alone program designed specifically for ABL field examinations, workpapers, due diligence, and business analysis. Revamped in 2021, it addresses the limitations of traditional spreadsheets and in-house systems by offering more than 140 workpaper variations and enhanced report customization through template-based setups. It allows for faster Excel export capabilities and includes detailed borrowing base reports. An optional currency translation module is available for international transactions, making it versatile for various business needs.

Both software packages are crafted to deliver significant time savings and productivity boosts for users, ensuring reliable and focused results for major lenders and outsource firms. With a commitment to continuous evolution since its inception in 1996, FinSoft strives to address the unique challenges faced in the ABL sector.