We are pleased to implement the following new features on MCA Suite based on our current clients’ feedback and suggestions:
1. Almost all of our clients have asked for this feature: the ability to save filters on the Deals Listing page. Users can now enter filter criteria on the Deals Listing page and, once the filters are set, the Deal Listing page will always display the preference until a user clears the filter or the user logs out. Our next enhancement will be to allow users to save the filters as a preference in their user profile.
2. As the merchant cash advance industry trends toward daily ACH collection as a form of repayment, the need to capture banking information is becoming increasingly important. We have revamped the Bank Statements page to capture more relevant information related to merchants’ bank accounts. We have also included new fields in the Business Credit page to include Landlord’s banking information.
3. We have added a “Site Inspection” tab within the Deals > Documents section for our clients to capture information related to site inspections during the merchant cash advance underwriting process. Similar to the other sections in the “Documents” tab, users can attach multiple documents to the page. There are also many additional new fields within the various “Documents” pages, including on the Judgments, Liens and Bankruptcy; Existing Loans & Advances, Bank Statement and Processing Statement pages. The additional information will aid our clients and prospects in underwriting merchant cash advance deals.
The second quarter of 2014 will be an important quarter for MCA Suite. We are planning to release the following features in the next three months:
1. Enhanced integration with ACHWorks and USAePay payment gateways.
2. A Broker Access Portal for our funder clients to allow brokers to upload deal information.
3. Significant changes to MCA Suite’s broker/ISO offering.
Please continue to send feedback and suggestions to improve MCA Suite via our email, Twitter handle or Facebook page.