DATA ACCESS CHALLENGES:
SLOW – weeks/months to manually receive and manage financial data from SMB customers.
RISKY – manual data collection increases the risk of omissions, errors and loss – accidentally and/or intentionally!
COSTLY – both internal builds as well as outsourced ERP solutions are extremely costly and integration takes time.
SOLUTION:
Railz provides quick, cost-effective and direct access to most of the key SMB Accounting systems (eg. Xero, Quickbooks, MYOB, Sage, etc) via a single API –
- The only solution in the market that normalises all of the disparate accounting data,
- Map all chart of accounts and create a universal data format,
- Provides clean, structured raw data without manual intervention,
- Allows users to conduct risk assessment, as well as financial health, analysis accurately and as often as needed,
- Provides an “out of the box” value-added dashboard to assess risk and fraud metrics, as well as data analytics and insights, and
- Implemented in a mater of days, rather than weeks or months.
Railz is truely a Digital Business Lending and Advisor tool that will assist in the assessment and viability of existing and potential new SMB customers for a range of business services from lending, credit and risk assessment, to financial viability and longevity for activities such M&A. For more detailed information on the Railz®, please follow this link – Railz® API.
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