Services
As a user since its inception, we have utilized Account Monitoring services to answer our critical need to monitor for federal tax liens in the necessary time frame, as well as inform us of other liens that may affect our portfolio. We have found the service to be timely, consistent and supported by a knowledgeable and service-oriented staff.
Martin O., Loan Department, National Bank, CA
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Account Monitoring
As a secured creditor, you need to know if the Federal or State government has filed a tax lien against an existing or potential account. With Account Monitoring by First Corporate Solutions, you will have the advantage of knowing your credit risk every month. Now you can quickly identify the breaking of negative covenants, fraudulent terminations and amendments, and mitigate your risk from tax authorities and judgment creditors at the same time.
Why use First Corporate Solutions' Account Monitoring?
- Professional searching in the right filing offices at a reasonable fee
- First Corporate Solutions is the only provider to include county lien searches
- Critical name variations are searched and reported
- Every name professionally searched
- No automated exact name searches from us; every name professionally searched
- Specially designed for Factors and Asset-Based Lenders
- Preferred Vendor of the International Factoring Association and the Illinois Bankers Association
Full integration with CADENCE|FactorSoft
Bayside Business Solutions and First Corporate Solutions have collaborated to create an interface which allows shared clients to monitor their debtor accounts with greater efficiency from within Bayside's CADENCE|FactorSoft application. The new interface is designed to expedite and automate notifications of liens and other filings made against a client's debtor, and then to flag those debtors accordingly within the CADENCE|Factorsoft application. Monitoring searches through First Corporate Solutions Account Monitoring are triggered, performed, and updated directly in the CADENCE|FactorSoft application resulting in faster alerting and enhanced control of your portfolio.
Why utilize Account Monitoring from within CADENCE|FactorSoft?
- Simplify the setup and termination of Account Monitoring targets by integrating
them into the CADENCE|FactorSoft user interface
- Automate the connection of incoming alerts to their respective clients, customers
and debtors
- Reduce financial risk with automatic flagging of clients, customers and debtors
with outstanding alerts
- Shorten notification time by displaying alerts within CADENCE|FactorSoft
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