Aryza announce new product to support digital transformation for SME lenders

Aryza, expert developers of software solutions for the insolvency, credit and debt recovery sectors has today announced the launch of a new Open Finance product called Vantage.

Aryza, a business that has made a number of significant acquisitions in 2021, incorporates technology such as Open Banking, Open Ledger and AI-informed decision making within its products, to seamlessly automate the financial restructuring and underwriting journeys.

Combing various data sets, Vantage is the first B2B2C platform that delivers actionable insights within a customer permissioned environment that allows all parties to benefit from its shared components. It offers a best-of-breed cashflow management and forecasting tool for both lenders and SME owners.

Vantage encompasses two products Aryza Vantage B2B and Aryza Vantage SME.

Aryza Vantage B2B has been designed for lenders, underwriters and insolvency practitioners to support their digital transformation processes. Aryza Vantage SME, a product currently in development, is directly aimed at SME owners.

Aryza Vantage B2B provides easy access to SMEs financial information, offering a holistic view of all of management accounts, transactional data and Companies House information that can be utilised for various use cases, such as new loan applications, forbearance request and restructuring purposes.

Aryza Vantage SME will offer a more customer-centric solution that will enable SME owners to view and manage their finances on the go. Users will be able to take advantage of an intuitive and easy-to-use dashboard, daily forecasting and automated billing and invoicing.

Commenting on the product launch, Andrea Varga, Head of Innovation, said: “We are very excited to launch the first version of our B2B product and we hope that the launch of Aryza Vantage B2B will disrupt how financial institutions and other corporates communicate with their customers and make decisions when it comes to SME lending, restructuring work or insolvency assessments. Our aim is to improve the efficiency and cost of underwriting, CVAs and Bank Reviews through Open Finance technology, expert analytics and strategic partnerships.”