We are working on the following features to improve MCA Suite and better serve merchant cash advance (MCA) funders and brokers. Below are the top MCA Suite product features we are planning to roll out in the coming months:
1. Deal Syndication – MCA Suite will provide merchant cash advance funders and brokers the ability to setup and track merchant cash advance deals involving multiple investors. Tracking of commissions and fees will also be a part of MCA Suite’s Syndication module. Below is a sneak preview of MCA Suite’s syndication capabilities:
2. Document Creation – For funders and brokers, MCA Suite is the centralized repository for documents and contacts for all MCA deals. Using information already stored in MCA Suite (i.e., first name, last name, merchant DBA, etc.), our clients will be able to merge that information with a template to create new documents, such as contracts, offer letters, applications, etc. This feature will eliminate the need for our clients to re-key information already in the system, thus saving time and reducing errors.
3. Merchant Portal – MCA Suite will provide funders and brokers the ability
to invite merchants to view deal-specific information, such as amount repaid, amount outstanding, etc. The MCA Suite Merchant Portal offers a self-service for merchants to access up-to-date information without needing to call their funders or brokers.
We are continuing to improve MCA Suite by offering unique, vital functions not found in our competition. Stay tuned for future posts related to the features above, as well as announcements of any new enhancements.
Our team welcomes feedback and suggestions from our clients and prospects. Please do not hesitate to leave us your comments on this post or send us an email.