|
AssetReader |
Other
Products |
Your
Findings |
The Expert Import
Wizard:
Parses
data with an expert wizard that is specific to each report type.
This means that users don't need to format date fields as dates, number
fields as numbers, etc. The report imports with knowledge of what
is needed for that report type. There are no templates to save,
retrieve or manage because all settings are saved to the database as you
work.
- How are templates saved and retrieved?
- How is data imported without the need to format data columns?
|
Not in the game |
|
Real ROI, But
Even Better, Real Results on Investment:
Real Return On Investment (ROI) is quite fast with AssetReader.
The calculation speed and results provide results in your hands with
predefined reports that are only available from AssetReader.
Some of the AssetReader back-office users are processing 80-100
customers per month per employee. That includes the reports too.
That is AR and AP and in some cases inventory too multiplied by 80 - 100
customers. You simply cannot do this with any other tool.
Real
time savings and real ROI. We have reduced back office staffing at some
lenders by 50% and allowed some portfolios to grow by over 200% with no additional
Field Examiners and no additional back-office staffing. This is due to automation that is built-in.
Other tools require lenders to spend hours on each setup and subsequent
re-exam to tweak each calculation for each report. This causes a
high need for above average computer skills, programming skills to write IF statements or perform math
and write custom database reports. FinSoft has automated the ABL
specific reports that you expect and they make sense too. THIS IS POWER because your
entire team can use AssetReader instead of having a small group of
"HAVE'S" and a larger group of "HAVE NOT'S'" with computer and math
function skills. We have done the hard part and NO OTHER PRODUCT
HAS AUTOMATED ABL FOR YOU. Ease of use requires pre-defined logic
and they don't have it. How can they claim that they are easy to use?
We get the job done in a fraction of the time that they REQUIRE to get
less than our results.
- How many agings can be processed per month?
- Can you review the reports of the processed agings, sales, cash, GL
and Inventory?
- Can you see how long it takes to process the import, ineligible
calculation and reports?
- How much time can be saved?
- How can that much time be saved if it is not really automated?
- What skill levels are needed to write the formulas to get ineligibles?
- How do you group all of the Wal-Mart's and Sam's Club accounts?
- How do you calculate contras?
- Please demonstrate the settings for credits over the eligible days?
- Please demonstrate the settings for cross-aging
- Please demonstrate the settings for concentration limits |
Not in the game |
|
Real Ease of Use:
Ease of use is a combination of things:
We have specific data type import wizards, they don't
We have specific ABL reports and analysis already defined, they don't
We have specific ABL ineligibles, they don't
We have pre-programmed options for ABL, they don't
We have the pre-defined joins for things like inventory and usage
reports, they don't
We have automatic pivot tables, they don't
We have the best support in ABL, they don't
We get solutions programmed quickly when needed, they don't offer that at
all
So while you're setting up their imports and then setting up each
calculation and report query, we have thought of those things already
for the ABL profession. Yes, it is FAR HARDER than you thought with
their tools and their advertising is cute, but not realistic for ABL.
- If you have to setup joins, why is the data not
grouped by warehouse automatically?
- Can you see the reports for ineligibles or do you need to set them up
for each import?
- Show me how you analyze AR Statistics from a 12 month GL that has one
column of
numbers?
- For inventory analysis, what does the excess quantity report look
like?
- Why the need to setup each query?
- How do you group sales by month for the whole year from one column
of numbers from the G/L?
- How do you group all of the Wal-Mart and Sam's Club receivables
and then compare them to AP?
- Show me how to get the credits over 90, but not double count negative
totals?
- Why will it take so long to get a custom date function that is not in
the program?
- Why do I need to add formulas to get specific results? |
Not in the game |
|
Speed of Calculations:
Consider importing a new monthly aging of 40,000 invoices and 2,500
customers. How long would that take to import and then compare to
the AP Aging import? Recalculated? Each re-import takes 1 -
2 minutes per report. Recalculation takes about 30 seconds for a
report that big. All reports are instantly available.
- Demonstrate an AR
and AP import with all recalculations done and reports ready to print?
- How long does it take to recalculate the ineligibles?
- Can you see a summary and detailed ineligible report, please? |
Not in the game |
|
Concentration Grouping:
AssetReader groups all of the similar concentrations together for you,
including different names like Wal-Mart and Sam's Club into one account.
This "alias" is also shared with payables and contra analysis
automatically. They have no options because they don't do this
kind of stuff.
- How do you group
concentrations together?
- How do you group Wal-Mart and Sam's Club together?
- How are the concentrations grouped on the ineligible report?
- Do grouped names get shared with AP?
- Do grouped names get shared with contras? |
Not in the game |
|
Analyzing Credits:
AssetReader has four options for credits over your eligible days limit
and one option for credits under the eligible limit (just click on the
options). They have no options because they don't
do this kind of stuff.
- How many methods are programmed in for credits over 90?
|
Not in the game |
|
Transaction Code Analysis Built-In:
Ineligible receivables such as contras, cross aging, international accounts, affiliates, transaction codes such
as DM, FC, COD and others. All on one report and all summarized in
detail by ineligible type or with reports showing ineligibles by
customer.
- How are transaction code ineligible items
handled?
- How do transaction codes work if the item is also tagged as an
affiliates or government ineligibles?
- How many Borrowing Base Reports are available in the system? |
Not in the game |
|
Pricing:
Even if their software was 1/2 of our price it would still not save
you all of the time that we do. This is all about ease of use and
ABL specific features and ABL support, but they have none of what we offer at any price.
We hope that they lower the price to the floor because we don't compete
on price and thus don't insult your intelligence.
- Is the price based on a lack of everything on
this web page and more?
- Is it price or features or a lack of features and support that make
you buy?
- What is true ease of use and focused functionality worth? |
Not in the game |
|
ABL Spoken Here:
We're
all about ABL and others just can't say that. Check out their web
site for ABL information and there is none. Because they have
nothing and thus nothing to say.
- Why is their web site so thin or silent on ABL?
- FinSoft wrote and distributes ABL-Help, the industry guide to
ineligibles. Their expertise?
- FinSoft's owner teaches ABL Data analysis on a regular basis and they
teach what about ABL?
- Our understanding of ABL plus our product support are invaluable.
How about their ABL support? |
Not in the game |
|
Inventory Analysis for ABL:
AssetReader calculates
inventory aging automatically from available purchase dates, turns or turnover
days, but it also automatically joins with usage reports such as cost of
sales or units sold to calculate turnover. Calculations include an
aging, zero turns, excess quantity (beyond your specified threshold),
cross-aged inventory and more.
- How does inventory age?
- What methods can be used for the aging?
- How is excess quantity calculated?
- How is inventory cross-aging set?
- How can inventory be regrouped without programming?
- Show me the ABL inventory reports? |
Not in the game |
|
Use Your Current
Setups (but ours are easier and faster):
We can
use your existing import reports from products like Monarch and others.
No problem at all. We can save you a ton of time because instead of
trying to do ABL calculations in hard to setup tools, just save the data
imports from your tool back to Excel, CSV, TXT or other formats and Reader will bring
them right in. No need to sort, subtotal, write formulas or write
multiple reports, just parse it and save to one of the above mentioned
formats. Of course AssetReader imports can parse most files with
no external tools at all and that makes this even faster and it
explains why most of our users work with just AssetReader.
- Can you import from other parsing tools?
- Once imported what needs to be setup to calculate ineligibles?
- What do the ineligible setup screens look like? |
Not in the game |
|
Real Analysis For
ABL:
Just one
word to focus on here -- "Analysis" While other tools parse data, they don't analyze it for ABL purposes. We
specialize in ABL specific analysis and reports and this saves hours of
time while producing superior analysis, fraud prevention and genuine ABL
reports. We don't just do some analysis, we do a ton of it and
once again, nobody else does it this programming-free way.
- How does the system analyze ineligibles for ABL?
- How does the system group AR Stats across multiple months? |
Not in the game |
|
No Dongles:
No
restrictive hardware dongles at FinSoft. Some vendors want you to
use a hardware dongle on each machine. While that may be OK for
some stationary operations, field examiners would need to keep the keys
safe or express mail them to other field examiners. We license
each machine with security codes, not hardware locks and we allow
outsource firms to float the licenses between the entire staff based on
needs, not hardware locks. This reduces hassles and it is quite a
bit friendlier that hardware dongles.
- Does the system require dongles?
- Who pays to mail the dongles around the country?
- What if you lose a dongle? |
Not in the game |
|
Imports Many File Formats (Text, Delimited Data, PDF, Excel, RTF, DOC,
HTML)
AssetReader is the only tool in the world that can import Text files,
Delimited files, Excel Files, RTF Files, PDF files, HTML files and
conversions to PRN. REALLY! Everyone else leaves you
scrambling for complex solutions, emailing your files to the vendor for
conversions, and excuses that it cannot be done. Our PDF
conversions are fast, flexible and built-in.
- What file formats are supported?
- How do you handle PDF files and what PDF conversion?
- What PDF "tweaking" options do you have?
- Do we need to send files to you for conversion? |
Not in the game |
|
Legendary
Support:
Fast
support that gets users answers and code changes for their specific
report needs in hours. We've looked at thousands of ABL specific
reports and we know the tricks and workarounds that you need to get the
job done. But we can quickly modify the software to handle unusual
problems and nobody offers that except for FinSoft.
- Can a bug be repaired in hours?
- Can a custom date function be delivered to someone in the field?
|
Not in the game |
|
Supplier and
Outsource Support:
The
ability for you to use AssetReader or have FinSoft setup or process
your files on a regular basis. This allows you to do the work
in-house and still have our support if people leave or become ill.
This allows you to use our processing services or just our software and
not be tied into a "service only" company that won't sell you their
software.
- Does one setup file get used again on the next
import?
- Does it run multiple report pieces or consolidated ineligible reports?
- Can the vendor help you setup the templates?
- Can the vendor take over accounts if you lose employees?
- What qualifications does the vendor have to do Ineligibles?
- Will the service let you buy the software to do this in-house?
- What does it cost to buy the software and maintain it?
|
Not in the game |
|
More Date
Formats:
Dates
can be formatted in highly unusual ways and this requires programming
support that includes patches to deal with specific date problems.
Fast turn around time gets users a programmed solution in hours.
Without this support, the reports can be useless.
- How long does it take to get a workaround
programmed?
- How often are service packs released? |
Not in the game |
|
Training:
Training sets us apart too. We have perfected the DATA class
taught to the ABL industry through Clear Choice Seminars, Inc. and the
training includes 100% ABL examples and much more. While others
focus on their program only, we work on dealing with the client, the
files and getting those files to your desk. Furthermore, we bring
this together with practical ABL examples, advanced Excel Skills and
file conversion skills. Our on line library of classes is growing
and getting more detailed on a regular basis. Sorry, but nobody
else has this level of ABL information and training. Do you want
to learn anything less than what we offer? Do you want to learn
from ABL professionals or just a software trainer?
- What specific ABL cases are used in the class?
- What expertise do you trainers have in ABL?
- How much time do they spend on dealing with customers?
- How much time is devoted to file formats?
- What percent of the example cases are ABL specific? |
Not in the game |
|
NO Programming!:
No
programming by you. WE MUST COMPLETELY DISAGREE WITH ALL OTHER
SUPPLIERS OF PARSING AND ANALYSIS SOFTWARE ON CLAIMS ABOUT EASE OF USE.
THEY MAKE IT HARD AND EVEN HARDER FOR ABL AND IT IS NOT EASY WITH THEIR
TOOLS! Perhaps their advertising should talk about the TRUTH of
how HARD it is to get the job done with their tools (i.e., not as easy
as unbuckling your boots, driving or riding a bike but more like rewiring your house). Since they lack all of the above features, just how do you
think that:
The ineligibles get calculated?
The field formats get set?
The International and Affiliated get eliminated?
The Sales get grouped?
The Sales transaction codes get
summarized?
The contras get calculated?
The concentrations get grouped?
The Stats get grouped?
The bad date formats get fixed?
The over-counted ineligibles get identified?
The setup remains ready for the next import?
We have automated reports for ineligibles, sales
journals, cash journals, GL journals, AP agings, contras,
concentrations, ineligible summaries, ineligible detail reports,
inventory perpetual reports, inventory use or cost of sales reports and
more so that you don't have to spend any time on these calculations or
report builds. ASSET READER USERS COMPLETE TASKS IN 10 MINUTES
THAT OTHER TOOLS CANNOT DO IN 2 HOURS! That includes Stats,
Ineligible AR, Contra analysis and Inventory analysis too. Our ineligible
calculations are the most detailed in the industry and they are
automated for first time and repeat import calculations (NOTE: Our
inventory ineligibles are going to be done the same way - WOW!).
- If it is so easy, why do you need to use IF
statements to get results?
- If it is so easy why do you need to write custom reports?
- If it is ABL enabled why the need to setup each calculation (where are
the pre-defined calculations)?
- Why the need to build ineligibles in pieces and not one report?
- Why the need to fix formats for many columns? |
Not in the game |
|
Fast - Fast
Stats:
Monthly
analysis of stats has always been a huge chore for examiners.
Grouping by transaction code and by month is possible with other tools,
but it is expected in AssetReader since downloads can include months or
years of data. Once again, we expect this and the reports
automatically detect the months and best format for ABL presentation,
but others require you to do monthly imports and then try to figure out
the date splits and the way to summarize the numbers for ABL purposes.
We've been doing ABL for 20 years and they just don't do ABL at all.
- How do you analyze AR Stats, by month from a G/L
report?
- How do you analyze AR Stats from a billing journal? |
Not in the game |
|
The worlds
Smartest Contra Analysis:
For
those willing to do contras electronically, we do not look at just the
first "N" letters (say first three, four or any number that you set).
That primitive approach misses too many items. We use sophisticated algorithms that
are used by scientists and the US Census Bureau with specific ABL
modifications to extract similar names. For example, we match on
"US Department of Energy" and "Dept of Energy" and "US Dept. of Energy"
while excluding "US Department of Interior" and US Dept. of Labor"
Once again, the other tools have no
clue about what ABL people want.
- How are contras computed?
- How sophisticated is the contra logic?
- How much do you need to program or query to do it? |
Not in the game |
|
Partial Ineligibles:
Ineligibles can include partials such as concentrations and contras and
Partially LC Backed international receivables. Then there are
partial ineligibles based on specific codes such as DM, FC, Etc.
Then there are total ineligibles such as Affiliates and Cross Aged
items. Do to partial balances, partial ineligibles at the invoice
level (i.e., DM, FC) and total ineligibles such as Affiliates, it is
possible to double count totals.
The other tools have no clue at
all what the above paragraph means. This is automated in
AssetReader and we do indeed look for duplicated ineligible amounts.
They have some idea -- NONE!
- Ask about partial ineligibles?
- Ask about partial ineligibles that are bulk vs. transaction based?
- Ask how the software prevents double counting ineligible items? |
Not in the game |
|
Realistic Fraud
Prevention:
There is
a good chance that we helped turn down a deal that you still have.
We get calls and emails about this on a regular basis. Even some
of the largest ABL shops that use other products are on this list of
"Whoops we missed that." Not a good list to be on, but our users
are finding fraud, overstated balances, incorrect ineligible
calculations, missed ineligibles and plenty of over-advanced lenders that
have missed how easy this can be. When the analysis tool is allegedly easy to use, Etc.
and these things are missed due to poor reports and the (real) lack of "ease
of use," then is it powerful? We look for duplicate invoices
and skipped invoice sequences, but we give you items to investigate that
make sense from an ABL risk standpoint. Our reports are ABL specific and the
analysis is ABL specific and they just don't offer that.
- Ask about fraud prevention?
- Ask yourself if you will have time to look at their potential
findings?
- Ask yourself how long it will take to chase-down anomalies?
- Ask yourself how the potential risk applies to ABL? |
Not in the game |
|
Exports To
AssetWriter Field Exam Software:
The only
tool licensed to Export to AssetWriter field examination software.
This allows users to quickly export ineligibles, concentrations,
delinquencies and other data directly to the world's most popular ABL
audit software, saving hours of time.
- Can they export to AssetWriter?
- How fast can the results be converted to your summary format? |
Not in the game |
|
Years and Years
of Experience:
With 22+
years of experience in ABL, we understand the complexities of
ineligibles, Stats, Concentrations, Contras, turnover and other things
ABL. We're the authors of ABL-Help, the most widely used guide for
ABL ineligibles in the world. Yes FinSoft knows ineligibles and
ABL because that is what we do. We've invested over 4,000 hours of programming
in AssetReader just for ABL needs. And they have invested how much in ABL?
- How many hours of ABL specific coding are in their
product?
- Can the vendor show you the screens and reports?
- What is the ABL background of the support staff?
- What is the ABL background of the training staff? |
Not in the game |
|
Inventory
Analysis Developed by a Hard-Core Cost Accountant:
We adding the best inventory movement
analysis, plus inventory ineligibles. Unlike any product in the
world, we know what you expect from inventory analysis for ABL because
our founder is a hard-core cost accountant with 22+ years of ABL audit
experience. Once again, ABL specific!
- How sophisticated is the PDF import converter?
- Ask to see how they group across multiple locations or locators?
- Ask to see the inventory ineligibles? |
Not in the game |
|
Missing something
in your current software?:
Get in the Game!
- Ask
- See
- Take the challenge, we make it easy to be in the game! |
Not in the game |
|
|