AssetReader


Ineligible & Data Mining Software

 

Not Just Parsing, a Better Idea for ABL

 

Do you key in data all of the time, too much of the time?  From calculating ineligible collateral to summarizing sales, cash and GL activity for field examinations (audits), AssetReader is the industry specific tool to for electronic file analysis and calculations that are Asset Based Lending specific.  From a one page report to a 10,000 page report, AssetReader can import the data in popular formats and quickly calculate ineligible collateral, stats, summaries and other ABL specific data with no programming needed by the software user.

We're the folks that wrote the ineligible definition "guidebook" with ABL-Help, the leading software reference tool in the ABL industry.  This leadership in creating and maintaining the most complete Asset Based Lending ineligible calculations reference is used at all of the major asset based lending institutions.  Our efforts to automate ineligible calculations and speed the gathering of stats comes from over 28 years in the ABL profession in the areas of field examinations and back-office management. 

AssetReader is the best way to analyze agings and ineligible accounts and transactions in record time.  In fact, AssetReader is a better idea for ineligible software than any other solution on the market because it actually has real ABL analysis built-in.  We have seen the difficulty in using other general accounting products that simply parse data or analyze accounting data with no ABL specific settings.  

A simple to use interface with the power to get the job done well for the ABL community allows AssetReader users to log-onto almost any format (fixed length, parsed or Excel and PDF too) in about five minutes and not hours.  Even after hours of programming hassles, other products can't match AssetReader's ineligibles, contras, or analysis of stats because we spent thousands of hours on point and click setups for you.  Come and take a look around and contact us for a demo of the best solution in the ABL industry.

Point-and-click ineligible options make this the better idea for ABL ineligibles, stats, contras, inventory and look-through calculations, wile the easiest to use import and analysis features in the world insure that your employees actually use the product.  Exports to AssetWriter field examination software reduces both field time and errors. 

Happier examiners and operations department staff mean higher job satisfaction and less staff turnover.  You'll find our users to be fanatics about our products. 

AssetReader Aging Analysis Software

 

 

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Bank examiner's, CPA's, consultants and due diligence professionals now have a common tool to analyze agings and company data.  AssetReader™ features include:

Users can now download AR, AP, Sales, Cash, G/L journals and inventory data with specific Asset based Lending reports and analysis.  Ineligible AR now includes the ability to specify different cross-aging percents concentration limits for different customers.  Speed has been improved in several key areas.  AssetReader has the ability to perform look-through analysis, import multiple reports to build one large report (aging, sales, cash, GL, Etc.) from multiple divisions or multiple months.  As always, the data is summarized in an expert manner for ABL specific ineligibles or stats analysis.

 

Features Benefits
Setup uses a wizard interface Spend minutes not hours parsing data
Imports TXT, RTF, DOC, XLS, PDF, HTML Imports the formats that others can't = More imports
Trap Aging Customer Name rows Traps rows above the data
Traps multiple rows Can trap Customer Name rows and Credit Term rows, Etc.
By Far the Easiest to use Data product in the world Everything else is quite complex by comparison
Consistent interface Learn fast, finish faster, fully utilize staff
Eliminate programming All ineligibles and setups are there.  Click to set.
Expert ABL analysis is already programmed-in Real ABL Ineligible reports - not available anywhere else
Eliminate old tools such as Monarch, Idea, ACL, Etc. One tool that gets it done easier and faster
Floating Traps (three methods) Trap Customer / Vendor / art names that float in position
Ineligible calculations are automated Data can be tested in minutes and not hours
Smart ineligible ideas and procedures ABL Specific code from the authors of ABL-Help
Cross Age at any percent Electronically recalculates in seconds
Credits over Eligible Days using 3 methods Experiment with options in seconds
Credits Under Eligible Days option Allows users to add-back credits within the eligible limit
Automatic reversal of aged credits Reverses double counting of credits
Sortable columns in predefined reports Sort as needed with column clicks (exports retain sorts)
Concentrations based on % and $ limits Control credit and concentration risks
Trap wildcards for code traps Trap invoice sequences such as 99* or *DM
Contra analysis is net of invoice ineligibles such as DM's Multiple ineligible categories for any one customer
Contra Groups - Alias ABC Company to XYZ Inc. Alias different names to a common contra name
Contras (Smartest in the world, not just first characters) Get more matches on similar accounts
Tag ineligible invoice codes Trap codes such as FC, DM, Etc. without programming
Tag ineligibles visually with drag-over highlighting User tagged items are now part of a reusable template
Stand-alone system includes our support Fast performance with expert support
Perform aging analysis electronically Data can be tested in minutes and not hours
Group concentrations electronically Alias Wal-Mart and Sam's into one account easily
Find duplicate invoices and sequence anomalies Prevents fraud and allows exceptions to be tested
Identify round dollar amounts Reduce fraud by finding integer value items
Re-age entire reports to test for 100% accuracy Test 100% for proper aging and report column totals
Perform shipping / billing test electronically Data can be tested in minutes and not hours
Import Inventory Reports YES, We do inventory too
Import Usage or Cost of Sales Reports Automates turnover calculations with inventory
Aged inventory Calculates age and excess value on hand
Cross ages Inventory High excess quantity can make the item ineligible
Joins Inventory on Hand with Cost of Sales Reports The only automatic joins available - No programming
Inventory grouping Automatic subtotals regardless of how you group
Handles multiple divisions Accurate and quick analysis of combinations
Template is part of the import database Portable files contain the setup and the imported data
FinSoft adds features on a regular basis Won't become obsolete from technological changes
Reads any date format Other programs can't read many date formats
Reads unusual date formats including no delimiters Other programs can't read many formats
Can instantly freeze an aging column to prevent reaging Unaged credits and charge-backs can be isolated
Handles Retainage agings Splits retainage and aged invoice amount on same row
Allows future items to be aged Aging buckets can be setup with future days
Summarizes sales, cash and G/L's by month Automatically splits out months
Summarizes sales, cash and G/L's by transaction code Produces cross-tab reports of transaction codes
Reads negative signs left, right, () and CR Other programs can't read some formats
Exports to Distinctive Solutions Factor SQL Even tests for your credit limits on the upload
Export to AssetWriter Save field exam time (Ineligibles, concentrations, more)
Export to AssetArchive Real-time fraud detection and historical trends
32 Bit or 64 Bit Support Take advantage of faster 64 bit Windows
Multiple CPU Core Support Will automatically take advantage of all available cores
MORE COMING! ALWAYS FAR AHEAD OF ANY OTHER PRODUCT!

 

Are your agings and other reports accurate and are you spending too much time on aging or other report analysis?  Worried about fraud?  Worried about staff support overload?  Want some additional peace of mind?  Want our support and the ability to use the best tool on the market with that support?

AssetReader saves time while improving accuracy by removing the manual analysis and formatting headaches that spreadsheets or general use import tools require for aging and other report analysis.  AssetReader provides a turn-key and state-of-the-art solution for: in-depth analysis, consistent reports, clear presentations, faster report preparation, better outsourcing, computer support and cost control.  AssetReader is backed with training, quarterly updates, and employee-owner technical support.


Pricing Structures & Features

 

Due to recent updates, demand for our services and requests from varying types of users, we have implemented a different pricing structure based on software use and functional area.  In addition, the structure noted below has been influenced by time savings for examiners (less billable hours for outsource firms), and back-office cost savings (less staffing for institutions), and technical support and program power available to data processing professionals.  Please contact us for pricing details for your needs:

Examiners - Field Examiners that work for an institution or who are outside field examination consultants.  Pricing is reduced for the purchase and annual maintenance when AssetWriter and AssetReader are used together.

Operations - Back-Office operations at a lending institution.  This includes loan processing departments and related in-house processing of customer (borrower) records with AssetReader.

Data Processing - Companies that are not lenders or factors that support data processing analysis of lenders ABL reports on a contract basis are able to use AssetReader under special license terms.  Since FinSoft supports the software and the special handling of exceptions, custom programming and technical support questions, this service is priced per seat and per Borrower relationship.  The fee structure includes the per seat purchase, annual maintenance and a per Borrower report fees.

Asset Import - Import capabilities that allow Lenders to import raw data and then push the date to the Operations software in use.  The vendor gets the raw data in a cleaned-up and well organized upload stream.

AssetImport-DLL - Import capabilities that allow Software Vendors to pull-in data using AssetReader or AssetImport models.  Raw data files are selected in the Operations system and then processed by the Import model and DLL parsing technology. 

AssetReader
Functional Area
Basic Features # Imports
per Directory
Report Setups Operations Repots * Accepts Add-On Modules
Examiners Yes Limited** User or Fee Based No No
Operations Yes Unlimited User or Fee Based Yes Yes
Data Processing Yes 10 Borrowers*** User or Fee Based Yes Yes

 

AssetImport
Functional Area
Basic Features Push or Pull? Report Setups Repots
Operations Department Import Only Pushed by Lender User or Fee Based Raw Data Cleaned-Up
Software Vendor (DLL) Import Only Pulled-in by Ops Software User or Fee Based Raw Data Cleaned-Up

 

*     Operational reports can include Import vs Borrower comparison and top "n" Concentrations for AR and AP. 
**    Directory cannot have more than 20 databases.  Examiners typically work in a subdirectory under the Borrower name
***   Licensed per 10 loans processed


With AssetReaderTM

 

  • Save time by automating the process of analyzing agings, sales journals, cash journals, inventory reports and more
  • Reduce fraud risks with report accuracy confirmation (do you reports even foot?) Reduce back-office costs by allowing processors to handle far more reports in less time.
  • Reduce fraud risks with expert analysis of unusual data, skipped invoice patterns and other expert-level tricks with automated reports
  • Improve coverage of testing by getting more done in far less time
  • Save time with automatic templates for repetitive tasks, account groupings, ineligible customers and reports setups
  • Save time performing ineligible analysis with the only complete ineligible system available
  • Save time by consolidating multiple data from multiple divisions
  • Verify report accuracy with automation
  • Save time getting credit memos and transactions from journals
  • Analyze data with expert ABL specific reports and the benefit of more time
  • Support and training comes from software and ABL experts
  • Time efficiencies lead to greater productivity
  • Reduce staff work time, frustration and turnover
  • Get control of complex reports
  • Export to AssetWriter field exam software for greater time savings
  • Export to AssetArchive for real-time fraud detection and historical trend analysis

Requirements:

  • PC Windows Platform
  • 2 GB of Ram
  • Windows Vista, Windows-7 / Windows-8 / Windows-10
  • NET Framework 4
  • 50 GB of Hard Drive Space for install and as much space as needed for Borrower data files and database storage
  • Mouse or Similar Pointing Device
  • Display at 1024 x 768 or higher

"How Much Time Can You Save Today?" TM