The onboarding usually takes place in five steps. Often the borrower is introduced to Finventory by the creditor. The following five steps then ensure that the borrower is connected to our platform:
1.
Finventory organises an intake meeting with the borrower. In this meeting, Finventory gains insight into the borrower’s business processes and the contact persons, while the desired timelines are also determined. Finventory also provides insight into the measures we take to protect the information.
2.
Then the technical connection to the borrower’s systems is established. Finventory has several methods to “talk” to borrowers’ business systems. It depends on the type of system which method is most suitable.
3.
Once the connection has been made, Finventory will arrange the data streams so that the correct information is loaded. We load the raw data and analyse it. We then make the borrower’s data visible on our platform for the borrower.
4.
The borrower checks that the company’s data is correctly displayed. Only if the borrower gives his approval, the creditor can access these data. The borrower retains full control over his own data at all times.
5.
The information is released to the creditor. The creditor, together with Finventory, configures the credit agreement on the platform and the process is complete.
In all these steps, Finventory ensures that the IT impact on the borrower’s systems remains minimal. However, during the onboarding process, an IT expert and a financial expert from the borrower and Finventory will interact.
