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New Lenvi Riskfactor Release Puts Debtors in the Spotlight and Offers a More Holistic Approach to Risk Management
Throughout 2023 Lenvi spearheaded a project to gather feedback from clients on how they used the risk management software, Riskfactor and what improvements clients wanted to see. Following this customer feedback Riskfactor’s new release unveils richer debtor insights than ever before with insightful debtor metrics.
The new debtor module helps lenders to improve their risk management strategies and adopt a more holistic approach across their portfolios. The new release means users now have access to a vast array of features on a client’s debtors and can use interactive charts and features such as Follow Ups and Schedules to identify trends and more closely monitor debtor performance.
Lenvi’s risk management software Riskfactor helps receivables finance lenders to manage their risk and prevent fraud through early detection of any changes and unusual activity in portfolios. New release Version 5.0 also launches a new user experience with a more intuitive user journey and a fresh new design.
Lenvi Riskfactor is used by over 90% of the UK receivables finance market and the new debtor insights will support European growth ambitions, following the successful signing of BNP Paribas as a new client last year.
Andrea Tanner, Head of Customer Success at Lenvi, comments:
“It is an exciting time to bring to market our new version of Riskfactor. The team have worked tirelessly to incorporate feedback from clients and the result is a fresh new user interface which is simpler to navigate and will greatly improve the user experience. Alongside this our latest version of the debtor module means lenders now have a one-stop shop where they can view both client and debtor information resulting in improved risk management strategies and a full audit trail.”
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