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Base Commerce automates underwriting with Agreement Express, powered by SimQ
Tuesday, October 28, 2014Company Profile | Follow Company
Base Commerce automates underwriting with Agreement Express, powered by SimQ
Vancouver, BC, October 28, 2014--(T-Net)--Recombo, the provider of Agreement Express, a SaaS based automated onboarding and underwriting solution, announced today that it has won a contract with payments platform company Base Commerce to underwite new accounts.
By using Agreement Express, Base Commerce, is able to increase profitability as they grow by making their underwriting team more productive, according to the company.
Through an integration with Salesforce.com, one of the key advantages of the solution, Agreement Express will automatically underwrite more than half of Base Commerce's new accounts.
“Agreement Express by Recombo was the obvious choice. The Recombo team took the time to understand our business requirements and built an elegant and straightforward solution that works within our existing business process,” said Jason Doolittle, Chief Operating Officer of Base Commerce.
“Base Commerce is one of the fastest growing private companies in the United States, and by automating their underwriting process we're going to help them become one of the most profitable, ” explains Mike Gardner, CEO of Recombo.
"Revenue will now grow faster than cost because Agreement Express automates the new volume that they traditionally would have had to hire new underwriters for”.
In addition, an automated risk scorecard will take information like the MCC code, processing volume, and delivery timeframe as well as information collected from credit bureaus, identity verification services, and the MasterCard MATCH list to automatically adjudicate new accounts.
About Base Commerce
Founded in 2008, Base Commerce is a next generation API driven payments platform that enables any company to accept payments easily. The technology transcends traditional payments platforms by providing businesses with features and functions that help keep fraud minimal and margins high. Additionally, the company provides deep customization to pricing models and merchant onboarding processes, which gives developers completely new revenue pathways, and merchants full transparency. Base Commerce was named the 23rd fastest growing private company in the US on the 2014 Inc. 5000 list. For more information, visit http://www.basecommerce.com/
About Recombo
Canadian-based Recombo is the maker of Agreement Express - a SaaS based rapid customer onboarding and underwriting platform that manages the intake and processes of new merchant applications, verifies data within applications, and easily offers access to thousands of data points. An entire transaction is automated from beginning to end, starting with the right paperwork to approval and set-up. Agreement Express is used by leading Fortune 500 financial institutions and three of the top five global acquirers in electronic payments. For more information, visit http://www.recombo.com/
Media contact:
Lana Bukvic
Recombo Inc.
1- 877-247-3397 x127
lbukvic@recombo.com
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