In addition to the MCA Suite dashboards launched last month, the MCA Suite team is pleased to introduce two new dashboards to help Funders and Brokers manage their merchant cash advance deals.
The Renewal Dashboard lists all the merchant cash advance deals based on repayment percentage. For Funders, they can choose to calculate the repayment percentage of a merchant cash advance deal by using estimated or actual payments. Most Brokers/ISO’s, however, do not see the actual payments of funded deals. For them, MCA Suite provides an option to use the estimated turn to estimate a deal’s repayment percentage based on the merchant’s agreed upon daily payment and payments per month.
The Deal Performance dashboard shows all the merchant cash advance deals based on a user-defined Repayment Rate. This dashboard allows Funders to enter a Repayment Rate value, which will retrieve all the funded merchant cash advance deals that are at less than or equal to the value entered. This dashboard allows Funders to view both high performing and low performing deals. Ideally, the Repayment Rate for all the merchant cash advance deals should be near 100%.
To learn more about MCA Suite’s dashboards, visit our MCA Suite Support Site’s Dashboard section.
MCA Suite also added a configuration page in the ADMIN section of the application to allow our customers to customize their dashboard view. To enable the two new dashboards and other dashboards, go to the ADMIN > Setup > Application Configuration section, Dashboard tab:
We will continue to add more dashboards throughout the year. Please do not hesitate to contact us to provide feedback and suggestions.