Bix2X Review
What is Bix2X?
Biz2X is a platform-as-a-service ideal for banks looking to streamline how they manage small business loans. The platform handles a number of things, ranging from risk analysis, applications, and even collection if the situation calls for it. It works on multiple devices and does not require extensive IT knowledge.
As a platform, Biz2X has tools to analyze credit and can easily be configured so that it aligns with your policy on credit. It has a number of versions for banks to choose from, with features such as digital application forms, configurable data archiving rules, and custom integrations, just to name a few.
Biz2X can also be used to provide you with required metrics using a user-friendly dashboard, automate the analysis of bank statements, and even reduce credit fraud. All of these features combined helps users to come up with results that meet their business requirements.
Show MoreOverview of Bix2X Benefits
Convenience and Customization
Biz2X users can be confident that they can use the platform anywhere since it is web-based. So long as they have an internet connection, they can use it on whatever device that they have. Users can also customize logos, design elements, and style sheets so that it fits the branding of their business.
Privacy and Security
With SOC-2 certification, users of Biz2X can be assured that the personal information they share will be kept private and secure. Biz2X does not intend to share any user information with a third-party as well.
Lower Lending Risk
With the Bank Statement Analyzer, credit risk teams have an easier job since the process of analyzing bank statements are now automated. The Analyzer combines the credit policies in place with image recognition and language processing so that risks are minimized when the time comes to make a decision.
Accessibility of Information
Biz2X utilizes advanced data analytics and machine learning to come up with results that will satisfy any user. The platform’s dashboard acts as a virtual CFO, outlining all the metrics a bank needs to watch out for. Users will find it easier to make informed decisions as all the information is right at their fingertips.
Show MoreOverview of Bix2X Features
- Bank Statement Analyzer
- Data Collection/Machine Learning AI
- Mobile-Friendly
- SOC-2 Certification
- Personalized Feedback
- Post Loan Monitoring
- Early Warning Alerts
- Natural Language Processing (NLP)
- Image Recognition
- Open API
What Problems Will Bix2X Solve?
Problem #1: Costs Incurred From Loan Applications
Banks incur costs as soon as they accept a loan application, ranging from operational costs, technology costs, and human capital costs. This is because processing an application requires a lengthy process that involves origination, evaluation, double-checking and rubber-stamping.
All of these costs are driven down and minimized by Biz2X. This is because the platform automates the application process and speeds up the process.
Problem #2: Costly and Lengthy Risk Assessment
Risk assessment is a lengthy and manual process conducted by credit risk teams. The lengthy risk assessment not only costs a lot, but it could also dissuade possible clients from availing of the bank’s services.
With the help of Biz2X and its Bank Statement Analyzer, this process is sped up and makes straight-through loan processing a reality for a lot of banks. This is all thanks to the combination of image processing and language processing with the company’s credit policies that is enabled by the platform.
Problem #3: Small Client Pool
Because of the lengthy process and loads of data required to process loan applications, banks may find it difficult to expand their clientele or find themselves taking it slowly when it comes to acquiring new customers.
Because Biz2X is a product of pioneer small business lender Biz2Credit Inc., its users can draw on credit and risk data accumulated by the company over a number of years. This allows them to cater to even more businesses, as they now have data that simplifies not just risk analysis but the approval process as well.
Awards & Quality Certificates
Bix2X Position In Our Categories
Knowing that companies have distinctive business-related wants, it is reasonable they abstain from buying a one-size-fits-all, ”best” software. Nevertheless, it is difficult to try to find such an app even among well-known software products. The reasonable step to undertake can be to jot down the varied important aspects that merit scrutiny such as major features, pricing, skill ability of staff, company size, etc. After which, you should conduct the research thoroughly. Read these Bix2X analyses and scrutinize the other software solutions in your shortlist more closely. Such all-encompassing product research ensures you drop unsuitable software products and select the system that has all the features your business requires.
Position of Bix2X in our main categories:
It is important to realize that virtually no service in the Financial Reporting Software category is a perfect solution able to meet all the goals of all company types, sizes and industries. It may be a good idea to read a few Bix2X Financial Reporting Software reviews first as specific software may excel just in a really narrow set of applications or be prepared with a very specific type of industry in mind. Others may work with a goal of being simple and intuitive and as a result lack complicated functions welcomed by more experienced users. There are also solutions that focus on a large group of customers and offer a complex feature toolbox, however this frequently comes at a more significant price of such a service. Be certain that you're aware of your needs so that you pick a service that has all the features you search for.
How Much Does Bix2X Cost?
Bix2X Pricing Plans:
Free Trial
Bix2X Enterprise
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Biz2X Pro
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What are Bix2X pricing details?
Bix2X Pricing Plans:
Free Trial
Bix2X Enterprise
Contact vendor
Biz2X Pro
Contact vendor
Biz2X offers the Bix2X Enterprise and Biz2X Pro packages to interested users at variable enterprise pricing. Banks interested in using the platform can contact the company for a demo and a quote.
User Satisfaction
Positive Social Media Mentions
20
Negative Social Media Mentions
0
We know that when you decide to purchase a Financial Reporting Software it’s vital not only to see how experts score it in their reviews, but also to find out if the real people and enterprises that bought it are actually content with the service. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Bix2X reviews across a wide array of social media sites. The data is then displayed in a simple to understand way showing how many customers had positive and negative experience with Bix2X. With that information at hand you will be equipped to make an informed purchasing decision that you won’t regret.
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
- Hindi
- Spanish
- French
Pricing Model
- Quote-based
Customer Types
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Bix2X?
Biz2X can be easily integrated with any CRM software or client software the company has in place.
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