Auto-Response Rule vs. Workflow Email Alert in Salesforce
Automatic notifications save your team time and boost your overall customer experience. Salesforce gives users several options for sending automated emails, which have their own benefits. Two of those options are auto-response rules and workflow email alerts. Both of...
Manage Report Subscriptions in Salesforce
Disorganized data can dismantle even the most organized strategy. This is why it’s essential to make sure that your reports in Salesforce are current and get to the people who need them. Reports help your team stay on task, find the information they need, and monitor...
How to Change Standard Object and Field Names in Salesforce
What makes it possible for businesses across so many industries to all use Salesforce? The answer is customization. Lenders, doctors, restaurants, and clothing stores can all use the same software because it adapts to their unique operations. Changing standard object...
CloudMyBiz Podcast – SaaS Marketing Tips with Nicole Alvarez
On CloudMyBiz podcast our marketing manager, Nicole Alvarez, touches on the subject of how to stand out as a SaaS company. Audio transcript: Camille: Welcome to CloudMyBiz Podcast, where we give insights on the latest trends within the SAS and lending industries. My...
Your Borrowers Are a Gold Mine of Data: 5 Tips for Using It
You organized your deals in your lending platform. You set up your processes. Everything is running smoothly and you have an invaluable resource at your fingertips. Data. The question is, how can you put it to work? If you think about it, everything we do creates some...
A Guide to Selecting the Best Loan Servicing Software
Regardless of the size of your business operation, it is crucial to have a quality software system that manages your loan portfolio. A proper suite to manage this aspect of your business will inevitably save the business a lot of time and energy in the long run....
Why Your Business Should Use SOPs and What Results to Expect
Having a suitable, standard operating procedure (SOP) is crucial for efficiently running any business. If your business doesn’t have a simple structure to handle the simple tasks, then creating SOPs must be prioritized. Business owners often make the mistake of...
5 Tips – How Your MCA Company Can Pass A Scrutiny Test
According to the managing attorney for Empire Recovery Services in Manhattan, a merchant cash advance business that offers customers debt recovery services, Steven Zakharyayev; “Every aspect of the industry is under scrutiny right now. Syndication agreements,...
Leadership is a Skill, Not a Trait: 7 Tips for Success
What is the one most potent drive that humans have? Is it physical survival? To a degree, yes. But if we need only to address our basic needs to live, why do we strive for something more? There is a secondary drive in humans that at times overrides even our physical...
Lending Better: Essential Apps and Integrations for Salesforce
Have you ever taken a good look at how many individual steps your day-to-day operations involve? How many different documents or spreadsheets do you handle a day? How many programs do you use to manage them? With the right apps and integrations, you can handle more...
Salesforce Consultant or Internal Admin? Here’s What to Consider.
When used as loan management software, Salesforce automates business tasks, organizes processes, and provides data insights you might be missing. As many alternative lenders find themselves at a pivot point between in-person and digital lending, more have decided to...
Quick Tips on Using Salesforce for Lenders
By this point, you know your business should be propelled by the need to get ahead, not just the need to keep up. For many lenders, this means integrating technology into your business’s operations. Using a CRM to unify your processes and data can help you achieve...
How Can You Help Your Clients Be Better Borrowers?
To most borrowers, getting a mortgage sounds simple enough. So why do so many of them drop off between approval and closing? As it turns out, lenders often forget how mysterious the process may appear to new borrowers. A change in income or debt can disqualify...
SBFA Responds to New York’s APR Disclosure Bill
Following the vague terms of bill A10118A/S5470B, which would require New York lenders to provide certain uniform disclosures, it’s no surprise that industry leaders are reacting with frustration. Steve Denis, Executive Director of the Small Business Finance...
Consumer Expectations Will Set the New Lending Standard
Changing times result in changing industries. With stiff competition among businesses, the new standards for success are being set by customer expectations. Industries from education to lending are learning fast that to stay in business, they must remain highly...
Borrowers Still Hold Misconceptions About Alternative Lenders
The economic crisis is causing more and more businesses to seek additional funding. Many individuals who are beginning their search still have long-held misconceptions about what makes them a good candidate for a loan. So, what do some of those misconceptions look...
Alternative Lenders Face Unclear Regulations in New York
With the economic downturn taking a toll on lenders and borrowers alike, more borrowers have turned to non-bank options for their funding. However, on the opposite side of this dilemma sits the federal agencies overseeing the activities of these lenders. The urgency...
Humans are Social Beings—and the Stock Market Shows the Same
Trade shows, weddings, vacations, family visits. Humans are social animals and it’s in our nature to stay connected. For hundreds of years, we were bound to paper mail at best. Then, air travel changed that all. But now with travel being risky (if even...
Security Spells Success for Financial Tech Companies During the Pandemic
Both businesses and individuals have taken the COVID health emergency as an opportunity to bring their operations online. As the number of remote financial transactions grows, more and more companies are trying to capitalize on this trend. However, with billions of...
Are you taking care of your financial health?
We’re finally beginning to understand how to care for our physical health in the pandemic. Wear your mask, keep a safe distance from other people, avoid crowded and poorly ventilated spaces. Simple enough, right? But what about the health of your finances? Just like...