Ocrolus, a US-based company specialising in financial document automation and analysis, has partnered with LendSaaS, a Merchant Cash Advance (MCA) origination and servicing platform.
The collaboration aims to enhance MCA origination with AI-driven document analysis, cash flow analytics and fraud detection.
The partnership will now allow LendSaaS customers to access Ocrolus’ document analysis, cash flow analytics and automated file-tampering signals within the LendSaaS platform.
Ocrolus CEO Sam Bobley said: “LendSaaS is one of the leading platforms in MCA origination and servicing.
“Thanks to our new partnership, Ocrolus is now an embedded integration available within LendSaaS, allowing customers to achieve end-to-end automation.”
Under the partnership, Ocrolus will enable LendSaaS customers to automate all document review tasks, including bank statements and independent sales organisation (ISO) application processing.
Building on integrated access to accurate transaction data and cash flow analytics, LendSaaS customers will gain proficiency in providing capital to businesses.
Furthermore, Ocrolus’ experience in processing documents will add new capabilities to LendSaaS’ origination and service offerings for MCA financing companies.
LendSaaS owner and founder Josh Carcione said: “Businesses seeking working capital often opt for the first offer they receive. To compete in this fast-paced market, our customers need to be able to make quick and confident financial decisions.
“By partnering with Ocrolus, we’re working to eliminate the need for manual document review by providing digital access to high-quality data so our customers can get a competitive edge through quick, confident financial decision-making.”
