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How secure are your "secured" lines of credit?
Overview
LineManager® is a Web-based solution to track commercial lines of credit using data directly from your borrower's accounting system. LineManager enables
your bank to efficiently monitor borrower activity while the borrower makes the most of the collateral in the borrowing base. Borrowers can see the
information on which the bank bases their lending decisions. LineManager provides real time access to critical information, allowing the bank to proactively
manage risk without additional software, hardware or expert technological skills. The online program is hosted and maintained by Goldleaf, a leader in bank
technology solutions.
Clients
LineManager is suited for these clients (new or existing):
Credit lines supported by accounts receivable and/or inventory
Any commercial line where the bank needs to track the value of collateral assets
Borrowers seeking an increase or renewal in their line of credit
Criticized or classified lines of credit
Benefits
For Banks
Monitoring with an early warning system
Borrowers are required to regularly upload collateral data from their accounting software. Loan officers have online access to current information about
collateral and trends in the borrower's trading cycle. You can receive warnings about potential problems by setting up criteria for notifications about
irregular account activity and line items. You can even track a borrower's financial status daily as needed.
Communication
Both lenders and borrowers know the status of receivables with LineManager's real time online access to financial information.
Lenders and borrowers stay in contact through LineManager's electronic messaging system.
Notifications about specific lines of credit can be automatically sent to multiple loan officers and senior lenders in a specified distribution list.
Improved loan reviews
LineManager improves the level of credibility with bank examiners in loan reviews and regulatory exams by providing your bank with detailed history, documentation, and reports for each line of credit you choose to track.
Less paperwork
Administrative tasks take less time and monitoring commercial lines of credit is more efficient because all data is electronic and the system is hosted and maintained by Goldleaf.
for borrowers
Convenience
Instead of gathering paper and crunching their own numbers, LineManager enables borrowers to automate the process of sending collateral data to the bank. In addition, commercial borrowers no longer spend days preparing paperwork for a loan review because the data is already available in LineManager.
Better business management
Anytime access to information about their lines of credit enables business customers to make the most of the collateral in their borrowing base, and thus make better business decisions.
Stronger banking relationship
LineManager enhances the relationship with business customers by opening new lines of communication. Because borrowers can see the same information you use to make lending decisions, LineManager keeps you and your customers "on the same page" regarding the business's performance, financial needs, and possible problems.
Superior customer service
Trained and experienced Implementation Specialists walk business customers through the initial phases of transmitting files for LineManager. Ongoing technical and customer support are available by toll free phone and through e-mail.
Current financial information is received from the borrower's accounting system
Web-based application is available from any PC with Internet access
Easy access to the bank's complete portfolio status
Borrowing base screen provides a borrower's complete collateral detail
Automated warnings and notifications facilitate monitoring and save time
Online reports are available to lenders and borrowers
Messaging system between bank, borrower and Support Services allows file attachments
Current financial information
Assets such as accounts receivable, accounts payable, and inventory can gain or lose value almost overnight. Decisions based on stale information can weaken a loan review process and put the bank at risk. LineManager allows the bank to receive critical and timely A/R and A/P data directly from the borrower's accounting system. Lenders can review trends and make decisions with confidence while borrowers can take full advantage of their borrowing power.
Web-based and secure
A computer with Internet access is the only thing you need to use LineManager. Users can log in from any computer at the office or at home. LineManager is accessed at a secure Web site that uses both SSL (Secure Socket Layer) encryption and authentication (authorizing users by name and password). Our Security Policy offers more details. All borrower users have the same level of security/access. Banks have the option to implement three user security levels: Supervisor, Department, and Loan Officer.
Portfolio information at a glance
One portfolio screen provides an overview of all borrowers' loan balances, borrowing bases, and amounts available. Lenders can scan the portfolio to detect potential problems or develop a task list. The LineManager Portfolio Summary provides all relevant information in one report.
Borrowing base detail
The borrowing base lists an individual borrower's collateral components (A/R, Inventory, and Other Assets), based on line parameters specified by the credit officer. Assigned threshold values limit exposure on any single type of collateral. A new borrowing base is created (automatically calculated) when the borrower or bank submits a collateral change or the bank updates the borrower's loan balance.
Red flags and notifications
Lenders can define line parameters and red flag rules, including advance rates, to receive automatic warnings on accounts to be closely monitored. Based on the current information, lenders can include or exclude collateral before updating the borrowing base.
Online reports
Bank and borrower users have real time access to online reports, which may be saved/viewed in Adobe® PDF or exported to Microsoft® Excel.
Account Debtor List
Accounts Payable Aging
Borrower Activity
Borrower Trends Analysis
Borrowing Base
Invoice Aging Detail
Invoice Aging Summary
LineManager Portfolio Summary (for bank users only)
Red Flags
Messaging
Bank users can communicate with borrowers, other bank users, and Goldleaf Support Services with LineManager's electronic messaging feature, which allows file attachments.
