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 demands, it is rational that they avoid selecting an all-encompassing, ”best” software. Regardless, it is troublesome to pinpoint such application even among well-known software products. The better thing to undertake should be to write down the various key functions which call for a research like important features, costing, skill capability of staff members, organizational size, etc. Next, you should conduct the research through and through. Browse through these Bix2X analyses and scrutinize each of the software programs in your list in detail. Such all-encompassing product investigation ensure you avoid unfit apps and choose the system which delivers all the features your business requires to achieve growth.
Position of Bix2X in our main categories:
Each company has its own characteristics, and might require a specific Financial Reporting Software solution that will be adjusted to their company size, type of clients and staff and even individual industry they support. It's not wise to count on finding an ideal solution that is going to work for every business regardless of their history is. It may be a good idea to read a few Bix2X Financial Reporting Software reviews first and even then you should remember what the service is intended to do for your company and your workers. Do you need an easy and straightforward solution with just elementary features? Will you actually use the complex tools required by experts and large enterprises? Are there any specific tools that are especially useful for the industry you operate in? If you ask yourself these questions it is going to be much easier to find a solid software that will match your budget.
How Much Does Bix2X Cost?
Bix2X Pricing Plans:
Free Trial
Bix2X Enterprise
Contact vendor
Biz2X Pro
Contact vendor
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 are aware that when you choose to purchase a Financial Reporting Software it’s crucial not only to learn how professionals evaluate it in their reviews, but also to find out whether the actual clients and enterprises that bought these solutions are indeed satisfied with the product. That’s why we’ve designer our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Bix2X reviews across a broad range of social media sites. The information is then presented in an easy to digest way revealing how many customers had positive and negative experience with Bix2X. With that information at hand you will be ready 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.
Bix2X
is waiting for
your first review.
Write your own review of this product
ADD A REVIEWMore reviews from 0 actual users:
Join a community of 7,369 SaaS experts
Thank you for the time you take to leave a quick review of this software. Our community and review base is constantly developing because of experts like you, who are willing to share their experience and knowledge with others to help them make more informed buying decisions.
Sign in with LinkedIn
Why we require LinkedIn?
- Show the community that you're an actual user.
- We will only show your name and profile image in your review.
- You can still post your review anonymously.
OR
Sign in with company emailSign in with company email
Popular Bix2X Alternatives
Top Competitors To Bix2X By Price
Product name:
Price:
Trending Financial Reporting Software Reviews
Bix2X Comparisons
Product name:
Page last modified
Did you find this review useful?
Yes
No
Thank you for your feedback
How can we make this page better?
Unsure about this software?
FIND ALTERNATIVES
Why is FinancesOnline free?