Lending

Why partner with Codat?

Receive accurate and up-to-date contributed accounting data from your small business customers.
Make faster and smarter lending decisions.
Deliver a more convenient and seamless experience for your customers.
A fully white labelled solution.

Our Lending Partners

Codat works with Experian to help automate the collection of financial performance data from accounting platforms to help power the next generation of financial service for the small business economy.

Codat works with Creditsafe on its Trade Payment Data Programmeme to help collect the payment behaviours of customers and provide an accurate insight into a business's payment performance on a company credit report.

Codat works with Dancerace to help automate the collection of data from borrowers. Dancerace's partnership with Codat enables its customers to access, standardise and synchronise client AR/AP data.

Equiniti Riskfactor is the leading provider of risk management and fraud analytics software and consulting for the global commercial finance market. Equiniti's partnership with Codat will digitise data collection for clients and eliminate time consuming manual processes.

Mambu helps financial institutions to rapidly deliver business value in a constantly changing market with leading cloud-native solutions. Codat collaborates with Mambu to create a best-in-class digital business banking and lending experience.

Types of Lenders using Codat

Asset financing refers to the use of a company's balance sheet assets, including short-term investments, inventory and accounts receivable, to borrow money or get a loan. The company borrowing the funds must provide the lender with a security interest in the assets.

By accessing up-to-date, accurate contributed data from small business customers, lenders are able to get a true picture of their assets before making a lending decision as well as monitoring default risk moving forward.

This type of finance uses invoices as a way for businesses to unlock cash tied up in invoices and therefore speeding up cash flow.
By accessing up-to-date, accurate contributed data from small business customers, lenders are able to get a true picture of their customers' financial health but also the behaviour of that businesses customer's and therefore the risk associated.

Codat partners with traditional lenders helping them to better serve the small business community by delivering a seamless customer experience. Small businesses can quickly and accurately share their accounting data leading to faster, fairer and more accurate lending decisions.

Lending software providers manage lending tasks including origination, underwriting, closing and documentation. Codat partners with them to help to power their capability and deliver the best service to their clients.

Benefits of Codat for Lending

Faster and smarter underwriting

Approve more loans, more quickly with instant, up to date & complete accounting data.

Improved Customer Experience

Offer your customers the kind of digital experience they have come to expect

Monitor key default indicators

Flag key indicators early like increasing creditor pressure or concentration risk which would not show up in open banking data.

Ongoing maintenance & support

Codat maintains and monitors each connection so you don’t have to. Our developers have designed our system to make it as easy as possible to use and provide expert ongoing developer support.

Simple set-up

Codat could get you up and running in a matter of days. Our solution is faster, simpler and less expensive than building in house.

Increased coverage

Codat provides an integration with all the major accounting platforms your customers use to run their business. That means you can achieve vast market coverage all via one API.

Standardisation

Codat acts as a data processor when building integrations, mapping data in a standard format independent from the accounting software that your customers use.

Industry experts

Codat will work with your team to ensure a bespoke, successful and timely integration. Our experience of tackling the common issues of accounting integration will save you time and frustration.

Tailored to you

Codat enables you to define which datasets are synchronised and at what frequency.

FAQs

Does Codat Push & Pull data?

Codat supports both the push and pull of from cloud and on-premise versions of customers' accounting software.

How long is the implementation process?

Speed of implementation will depend on how your company would like to use Codat’s API and the data sets it would like to push and pull that best suit your business needs and the needs of your customers. Depending on this implementation can take between 2 weeks and 2 months.

Is Codat’s offering white labelled?

Codat is a completely white labelled solution.

What support do Codat offer?

Codat provides full level 2 developer support to our clients. For end-user support we request our clients contact Codat on their behalf. If Codat needs to do further troubleshooting with the end user, this can then be arranged. Codat provides self-service support documentation which is available for our clients.

Do we handle customer onboarding?

Your customer's onboarding would be defined as level 1 support and be handled by you. Codat does provide detailed instructions for installing and configuring our offline connectors, as well as step by step troubleshooting instructions to help your team diagnose any customer issues.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	1 year	This cookies is set by GDPR Cookie Consent WordPress Plugin. The cookie is used to remember the user consent for the cookies under the category "Analytics".
cookielawinfo-checkbox-necessary	1 year	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
viewed_cookie_policy	1 year	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Cookie	Duration	Description
lpv887333	30 minutes	No description
visitor_id887333	10 years	No description
visitor_id887333-hash	10 years	No description

Cookie	Duration	Description
_ga	2 years	This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gat_gtag_UA_89798244_1	1 minute	Google Analytics cookies are used to collect information about how Visitors use our site. We use the information to compile reports and to help us improve the site. The cookies collect information in an anonymous form, including the number of Visitors to the site, where Visitors have come to the site from, and the pages they visited.
_gid	1 day	This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
_hjAbsoluteSessionInProgress	30 minutes	This cookie is used to detect the first pageview session of a user. This is a True/False flag set by the cookie.
_hjFirstSeen	30 minutes	This is set by Hotjar to identify a new user’s first session. It stores a true/false value, indicating whether this was the first time Hotjar saw this user. It is used by Recording filters to identify new user sessions.
_hjid	1 year	This cookie is set by Hotjar. This cookie is set when the customer first lands on a page with the Hotjar script. It is used to persist the random user ID, unique to that site on the browser. This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID.
_hjIncludedInPageviewSample	2 minutes	This cookie is set to let Hotjar know whether that visitor is included in the data sampling defined by your site's pageview limit.
_hjTLDTest	session	When the Hotjar script executes we try to determine the most generic cookie path we should use, instead of the page hostname. This is done so that cookies can be shared across subdomains (where applicable). To determine this, we try to store the _hjTLDTest cookie for different URL substring alternatives until it fails. After this check, the cookie is removed.
_lfa	2 years	This cookie is set by the provider Leadfeeder. This cookie is used for identifying the IP address of devices visiting the website. The cookie collects information such as IP addresses, time spent on website and page requests for the visits.This collected information is used for retargeting of multiple users routing from the same IP address.
pardot	past	The cookie is set when the visitor is logged in as a Pardot user.
vuid	2 years	This domain of this cookie is owned by Vimeo. This cookie is used by vimeo to collect tracking information. It sets a unique ID to embed videos to the website.

Solutions

Why partner with Codat?

Our Lending Partners

Types of Lenders using Codat