[mistamca]

Both. A Platform to Fund the Weekly Advances according to the Terms of the Contract, Collect Daily Payment, and keep track of the deal progress. Just a Funding Platform, that is integrated w/ an ACH Processor that is built to fund reverses.

And Obviously feed the Payment Data back into the system, Pay Syndicators their percent, etc.

Check out a low code platform. Its not the sexiest but it got the job done for me. I use Quick Base. They used to be owned by Intuit (owner of QuickBooks) so it was great to help with the accounting side. You can integrate it with ACHworks as well. I send out the NACHA files directly to the bank so I can notified of miss payments much quicker than using a 3rd party like ACHworks

[FlexibleCapitalSolutions]

Check out a low code platform. Its not the sexiest but it got the job done for me. I use Quick Base. They used to be owned by Intuit (owner of QuickBooks) so it was great to help with the accounting side. You can integrate it with ACHworks as well. I send out the NACHA files directly to the bank so I can notified of miss payments much quicker than using a 3rd party like ACHworks

is this difficult to do ?

[mistamca]

is this difficult to do ?

Ehhh. These platforms allow you to build out some very helpful applications without knowing any code. I have use a bit of code to make things a bit more automated. Reverses can be a bit more annoying depending on how you are accounting these transactions.

I dont treat each funding as a new deal for a reverse but rather just increasing the COGs on the overall deal.