A UK first for FlexABL! Launch New Digital Onboarding System

We are delighted to be the first lender in the UK to launch the new online application system, powered by Dancerace’s F3 software, which will simplify and speed up the application and onboarding process for clients. We want to make it easier than ever for advisors to small businesses to obtain funding for their clients, keeping them in control of the process at all times.

Whilst we are excited to be rolling out this new technology, we do want to reassure our introducers and client that this does not mean that we are walking away from the ‘old way’ of doing things, we love chatting with people and getting to know what really makes business tick and building those relationships. We also know that some people like the ease of doing things online when they have a spare 10 minutes.  Either way you now have a choice of how you work with your FlexABL lending provider.

In the first instance, we ask introducers to get in touch with us, to let us know that an application is on its way and to also discuss the proposal in outline, especially if there are any particular issues that we need to be aware of.

Once this is done, the new application process is fast, simple and secure. All applicants need to do is as follows:

1. Access our online portal at Apply now – FlexABL and enter their borrowing requirements.
2. Confirm their Companies House details.
3. Connect their online or offline accounting package – our system supports the major cloud-based accounts packages, such as Xero, Quickbooks and Sage.
4. Upload any additional required documentation – eg year-end accounts and bank statements.
5. We use this information to assess the application and to deliver an indicative offer within 24 hours.

There’s no paperwork or time-consuming email trails and answering the online questions and connecting an accounting system takes minutes, enabling introducers to maximise the time they spend with their clients.

This new system is the latest addition to our range of digital services, including e-sync technology which integrates with clients’ cloud-based accounting packages to make the whole process of raising cash from outstanding invoices easier and quicker than ever before. Combined with our online AML processes and paperless e-signing, FlexABL is leading the way in delivering efficient and sustainable funding.

Fundamentally, however, these systems are all designed to enhance the overall service that we deliver and are optional – we still have the ability to run client facilities in the time-honoured way. Our key strength remains the personal relationships that we build with our clients and introducers – something that technology cannot replace. If you have got any questions regarding our range of digital services, or if you have any new business proposals to discuss then please get in touch – while we love the benefits that digital brings, we much prefer to talk!