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Decipher Chosen as Preferred IFA Vendor

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Decipher Credit announced today that it has been selected as a preferred vendor of the International Factoring Association (IFA). The IFA is the leading organization representing factoring companies in the US and internationally.

“We are excited to welcome Decipher into our preferred vendor program,” Bert Goldberg, executive director of the International Factoring Association, said. “We continue to grow the preferred vendor program with additional providers of high-quality services for our members. Their service offers a highly configurable and robust cloud-based solution that automates the entire lending process from start to funding.”

“We are honored to be selected as a preferred vendor to the IFA and to work more closely with the leading association for factoring companies. Ever since my days as a lender at Bibby Financial (now e-Capital), I have been attending meetings and conferences at the IFA and enjoyed the quality of their events, extensive trainings, and their great support of the industry. As a factoring technology provider, we look forward to working with the IFA and its members in helping to improve and automate the lending process and to help factoring companies grow and differentiate themselves with technology as an important competitive advantage,” said Raul Velarde, Chief Executive Officer.

Decipher’s Factoring Origination System streamlines client application, onboarding, underwriting, closing and document management. The platform includes more than 20 APIs integrating credit bureaus, bank account verification, accounting system connections, UCC search and file, tax monitoring, electronic signature, and offers automatic financial spreading, bank account analysis and monitoring as well as risk evaluation and auto approval with client criteria. Clients streamline the entire process from application to closing and provide a better customer experience with less risk. You can find Decipher on the IFA Preferred Vendor list.

The International Factoring Association’s (IFA) goal is to provide information, training and resources to the Factoring community. Membership is open to all banks and finance companies that perform financing or factoring through the purchase of invoices or other types of accounts receivable. For more information, visit the International Factoring Association. Access the IFA Preferred Vendor list.

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