TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
May 1, 2025
Source: PR Newswire
New features streamline operations and reduce risk, accelerating capital deployments
LOS ALTOS, Calif., May 1, 2025 /PRNewswire/ -- Kapwork, the AI platform for factoring, today announced major updates to its flagship Kapwork Verify platform to transform the factoring process with speed and efficiency. Key new features include an Email Verification Agent and a centralized user interface with the status of all invoices without requiring manual reconciliation, so factors can keep track of their portfolio in real-time and confidently deploy capital at scale.
Factoring has always relied on manual processes to manage its invoice operations exposing it to high costs, inefficiencies and vulnerabilities across the workflow. From fraud and credit risks like misdirected payments and fake invoices to the risk of capital loss while reconciling payments, the traditional factoring industry loses billions every year, leaving many businesses on the verge of bankruptcy. Kapwork directly reduces these risks, bringing transparency, speed, and peace of mind to factoring operations.
Kapwork, the AI platform for factoring, streamlines operations and reduces risk to accelerate capital deployments.
Eliminating friction, accelerating workflows with AI
At launch, Kapwork automated the manual invoice verification process by directly connecting to vendor management systems (VMS). Today, Kapwork extends that automation to the email inbox, historically the single biggest bottleneck in factoring workflows.
Up to 90% of all invoice processing time is dedicated to parsing manually through thousands of email threads to transact on relevant invoices. Kapwork's new Email Verification Agent automatically extracts and aggregates transaction statuses from emails into a central, comprehensive view. A process that typically required 1 to 2 days of manual input now takes seconds. New, pending, and settled transactions are displayed for real-time understanding of their inventory.
Kapwork is also introducing a centralized UI for quick access to all of a factor's invoice inventory. The new interface reconciles data across multiple sources–email, vendor portals, internal systems. Kapwork can also alert new invoices available for purchase, and even detect anomalies reducing the risk of fraud. Without Kapwork, factors are responsible for downloading vendor data and comparing individual fields to identify changes, leading to costly human errors and missed opportunities.
"Factoring demands speed, precision, and trust, but manual processes make it harder than it should be," said Mauricio Vergara, Co-Founder and CEO of Kapwork. "A single fraudulent invoice can cost hundreds of thousands of dollars, while years of small inefficiencies bleed profit over time. We built Kapwork to help factors maximize their margins and fund SMBs faster".
Self-healing AI for improved reliability
Traditional automation tools like robotic process automation (RPA) often break when systems or websites change, forcing individuals to intervene manually. Kapwork's platform is underpinned by self-scripting AI agents that dramatically improve the speed and reliability of invoice verification. Rather than re-execute full workflows for every task, Kapwork's agents automatically write and save executable scripts as they complete tasks. If the agent encounters an error or a website change, the AI agent self-heals to diagnose and address the issue. This process dramatically reduces downtime and maintenance overhead to provide accurate real-time data even as complexity and transaction volume rise.
The future of factoring with real-time automation
For Kapwork customers, the benefits are immediate and measurable. Teams using Kapwork can scale capital deployment without adding headcount, reinvest hours once spent on manual labor to focus on growth, and reduce the complexity of operating across ad-hoc systems and in-house solutions.
Take for example TowerCap, a New York-based boutique factoring firm that's processed over $1.5B in invoices. TowerCap has seen a significant reduction in workload, moving invoice verification to a daily, rather than twice-weekly, basis, accelerating their ability to deploy capital and positively impact overall profitability. Senior executives now spend less time involved in routine verifications, focusing instead on strategic growth initiatives.
"Factoring has reached the point where real-time automation, AI, and cloud workflows are no longer optional. Early adopters are already funding clients within hours, trimming back-office costs, and tightening fraud controls—without adding headcount," said Oscar Rombola, International Factoring Association Canada President and Sr. Consultant for Oscar Rombola' & Associates. "Firms that delay this shift won't disappear overnight, but they will find it harder every quarter to compete on price, speed, and risk discipline."
Kapwork will be showcasing the platform at the International Factoring Association (IFA) Annual Conference, May 7–9, 2025. Visit us at Booth #38 or check out Kapwork anytime by booking a live demo. For more information, visit kapwork.com.
LOS ALTOS, Calif., May 1, 2025 /PRNewswire/ -- Kapwork, the AI platform for factoring, today announced major updates to its flagship Kapwork Verify platform to transform the factoring process with speed and efficiency. Key new features include an Email Verification Agent and a centralized user interface with the status of all invoices without requiring manual reconciliation, so factors can keep track of their portfolio in real-time and confidently deploy capital at scale.
Factoring has always relied on manual processes to manage its invoice operations exposing it to high costs, inefficiencies and vulnerabilities across the workflow. From fraud and credit risks like misdirected payments and fake invoices to the risk of capital loss while reconciling payments, the traditional factoring industry loses billions every year, leaving many businesses on the verge of bankruptcy. Kapwork directly reduces these risks, bringing transparency, speed, and peace of mind to factoring operations.
Kapwork, the AI platform for factoring, streamlines operations and reduces risk to accelerate capital deployments.
Eliminating friction, accelerating workflows with AI
At launch, Kapwork automated the manual invoice verification process by directly connecting to vendor management systems (VMS). Today, Kapwork extends that automation to the email inbox, historically the single biggest bottleneck in factoring workflows.
Up to 90% of all invoice processing time is dedicated to parsing manually through thousands of email threads to transact on relevant invoices. Kapwork's new Email Verification Agent automatically extracts and aggregates transaction statuses from emails into a central, comprehensive view. A process that typically required 1 to 2 days of manual input now takes seconds. New, pending, and settled transactions are displayed for real-time understanding of their inventory.
Kapwork is also introducing a centralized UI for quick access to all of a factor's invoice inventory. The new interface reconciles data across multiple sources–email, vendor portals, internal systems. Kapwork can also alert new invoices available for purchase, and even detect anomalies reducing the risk of fraud. Without Kapwork, factors are responsible for downloading vendor data and comparing individual fields to identify changes, leading to costly human errors and missed opportunities.
"Factoring demands speed, precision, and trust, but manual processes make it harder than it should be," said Mauricio Vergara, Co-Founder and CEO of Kapwork. "A single fraudulent invoice can cost hundreds of thousands of dollars, while years of small inefficiencies bleed profit over time. We built Kapwork to help factors maximize their margins and fund SMBs faster".
Self-healing AI for improved reliability
Traditional automation tools like robotic process automation (RPA) often break when systems or websites change, forcing individuals to intervene manually. Kapwork's platform is underpinned by self-scripting AI agents that dramatically improve the speed and reliability of invoice verification. Rather than re-execute full workflows for every task, Kapwork's agents automatically write and save executable scripts as they complete tasks. If the agent encounters an error or a website change, the AI agent self-heals to diagnose and address the issue. This process dramatically reduces downtime and maintenance overhead to provide accurate real-time data even as complexity and transaction volume rise.
The future of factoring with real-time automation
For Kapwork customers, the benefits are immediate and measurable. Teams using Kapwork can scale capital deployment without adding headcount, reinvest hours once spent on manual labor to focus on growth, and reduce the complexity of operating across ad-hoc systems and in-house solutions.
Take for example TowerCap, a New York-based boutique factoring firm that's processed over $1.5B in invoices. TowerCap has seen a significant reduction in workload, moving invoice verification to a daily, rather than twice-weekly, basis, accelerating their ability to deploy capital and positively impact overall profitability. Senior executives now spend less time involved in routine verifications, focusing instead on strategic growth initiatives.
"Factoring has reached the point where real-time automation, AI, and cloud workflows are no longer optional. Early adopters are already funding clients within hours, trimming back-office costs, and tightening fraud controls—without adding headcount," said Oscar Rombola, International Factoring Association Canada President and Sr. Consultant for Oscar Rombola' & Associates. "Firms that delay this shift won't disappear overnight, but they will find it harder every quarter to compete on price, speed, and risk discipline."
Kapwork will be showcasing the platform at the International Factoring Association (IFA) Annual Conference, May 7–9, 2025. Visit us at Booth #38 or check out Kapwork anytime by booking a live demo. For more information, visit kapwork.com.
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