13 Dec, 2020
New technology partner enables Priority’s global SMB customers to easily connect and enjoy smart access to capital through CRiskCo’s digital financial marketplace
Rockaway, New Jersey, December 13, 2020 – Priority Software Ltd., a leading global provider of business management solutions, today announced the expansion of its ISV network, signing a technology agreement with New York-based CRiskCo, a leading credit risk analysis and management platform provider. This new integration will enable Priority’s global SMB customers to automatically process their financial reports supported by the CRiskCo platform, to apply for business loans and credit assessment, all via Priority ERP.
A dedicated Credit Risk Analysis and Management Platform, CRiskCo’s technology enables SMBs and professional credit providers to better evaluate the credibility of their business customers and credit applicants, detect fraud, and predict future credit failures. The platform provides a credit score for businesses by analyzing accounting information and applying AI analytics to determine if a business will succeed or default. Powered by big data processing and cloud infrastructure, CRiskCo helps business owners to gain full control over the loan application process, saving time, and providing them with relevant financing offers that are tailored to their business needs.
A global ERP solution provider, Priority Software thrives on innovation, delivering the tools and functionality to meet the unique needs of its customers. Integration with CRiskCo will help Priority support it’s thousands of SMB customers in this time to gain faster and easier access to credit facilities. Powered by flexibility, system openness and mobility tools, Priority believes that ERP systems should and can be easier to use, easier to implement, and easier to maintain and enhance. Priority ERP supports financial and operations processes by delivering the necessary tools to achieve this flexibility, including Business Process Management (BPM), mobile application generator, user-level personalization, business rules generator, and more.
CRiskCo Founder & CEO, Erez Saf, said, “I am proud that we were able to add a leading global ERP player like Priority Software as a valued partner. This technology partnership was launched to meet the surge in much-needed business loans and credit, resulting from the global pandemic. Banks and businesses, specifically SMBs, are especially strained, now having to work around challenges previously never seen before.”
Avi Troub, VP International Sales & Channel at Priority Software, said, “We warmly welcome CRiskCo to our fast-growing ISV network, to complement Priority ERP, and give measurable added-value to our SMBs customers worldwide. Our ability to offer a smart and efficient platform whereby our customers can easily apply for business loans and credit assessment inside Priority ERP, will boost the Priority user experience, and give customers additional added-value tools to help them grow their business.”
An innovative platform using Artificial Intelligence to match business owners with the best financing solutions to meet their needs. CRiskCo supports business owners and lenders to meet their business community and commercial credit needs online via automated collection of financial information (P&L, Balance Sheets, and Tax Returns), and simplifies the underwriting process for SMB loans. CRiskCo Direct analyses the business financials and builds a company profile. Our AI systems use this profile to match your needs with our network of lenders' criteria, offering a range of different products to match SMB’s unique business needs and objectives. With offices in New York, Tel Aviv, and Brisbane, CRiskCo had been recognized and awarded by leading innovative competitions, including BBVA’s “Best Credit Management Tool,” Independent Community Bankers of America (ICBA), Plug And Play, FinMaker, GBS Fintech, and more. Visit www.criskco.com/direct, and for detailed product information and pricing, visit Priority Market.