Streamline Your Construction Lien Management with Bectran and NCS Credit Integration
28 March 2024 - 2:32PM
Bectran, Inc., the industry leader in credit,
collections, and accounts receivable management technology has
announced a new collaboration with NCS Credit, a renowned provider
of Mechanic’s Lien, UCC, and collections solutions. This
partnership unveils an innovative Mechanic’s Lien integration
solution tailored specifically for construction professionals,
providing users with a streamlined approach to safeguard their
projects and efficiently submit notice and Mechanic’s Lien
information.
“This initiative marks a pivotal step forward in
minimizing financial risk and ensuring that every stakeholder in
the construction process can operate with the highest degree of
security and efficiency,” remarks Bectran CEO, Louis Ifeguni.
“Together, we're setting new standards for excellence in credit
management.”
Transparency in Lien Management
Focusing on the critical role of secured transactions in
construction and supply distribution, it's clear that minimizing
risk and ensuring the security of payments is paramount. The
failure to properly notify required parties or file a Mechanic’s
Lien correctly can lead to significant financial risk, including
the possibility of defaults, which could jeopardize the financial
health of businesses involved. This underscores the necessity for a
streamlined and accurate approach to managing preliminary notices
and Mechanic’s Liens, where every detail—from job submission to
filing and tracking—is handled with precision.
Bectran and NCS introduce an automated solution designed to
transform the way that preliminary notices and Mechanic’s Liens are
filed and managed, directly addressing the challenges of risk
minimization and the high costs associated with potential defaults.
By automating the notice, lien filing and construction project
tracking process, Bectran helps reduce the margin of error
associated with manual entries and data misalignment, ensuring that
initial project data is transmitted to NCS accurately and on
time.
“Partnering with Bectran on this initiative was another huge
step in the journey toward helping our clients reduce redundancy
and improve productivity. NCS continually explores technology
partnerships that align with our clients’ goals to improve
efficiency and effectiveness across both credit and collection
departments.” – Adrian Segedy, Director of Sales, NCS Credit
Our integration with NCS Credit will allow Bectran’s customers
to submit preliminary lien notices to NCS directly through our
platform, eliminating redundancy and duplicate entry. Bectran’s
detailed reporting features provide transparency on every aspect of
the initial preliminary lien notice request, including submission
specifics, project IDs, and request type. This visibility fosters
accountability and a comprehensive audit trail.
Bectran’s integration with NCS Credit simplifies the preliminary
notice and Mechanic’s Lien management process, improving oversight
of the construction payment chain. This capability ensures that
credit professionals and construction managers are well-informed
throughout the project lifecycle, reducing the risk of financial
loss.
With Bectran's automation and detailed reporting, businesses can
protect their financial interests, lower default risks, and enhance
control over construction finance operations. This represents a
significant industry advancement, offering a streamlined and
reliable approach to initiating preliminary notices and reducing
overall project complexities.
For more information and to streamline your lien tracking, visit
Bectran.com
About NCS
NCS Credit is the industry’s only full-service provider. From
UCC filings and mechanic’s liens to commercial collections, we have
it all under one roof. Powered by our knowledgeable staff and
fueled by technology, NCS will simplify your current process and
deliver a best-in-class client experience. With unparalleled
industry expertise, we understand the complexities of commercial
credit. We believe everyone should get paid for the work they
do!
About Bectran
Bectran, is the premier SaaS platform for Finance Departments,
akin to CRM for Sales. Trusted by diverse organizations, from SMEs
to Fortune 500 companies, we streamline credit processing by over
90%, reducing credit defaults and collection costs. Many businesses
rely on Bectran for efficient Accounts Receivable and Collections
management, achieving up to 60-90% cost savings. With rapid
onboarding in days, our platform is hailed by credit professionals
as the future of credit management. Visit Bectran.com to learn more
about financial solutions for your industry.
Media Contact
Lilly Filippov312-637-3545PR@Bectran.com