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Bix2X Review

Bix2X
Our score: 8.0 User satisfaction: 100%

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.

Overview 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.

Overview 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

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Bix2X Position In Our Categories

Since companies have particular business-related wants, it is rational they steer clear of going for an all-in-one, ”best” software solution. Regardless, it would be futile to stumble on such an app even among sought-after software solutions. The reasonable step to undertake should be to take note of the various important aspects which call for a consideration such as major features, pricing, skill capability of staff members, business size, etc. Thereafter, you must do the product research to a full extent. Browse over these Bix2X evaluations and scrutinize each of the software systems in your shortlist more closely. Such all-encompassing research can make sure you avoid mismatched applications and subscribe to the system that has all the tools your business requires.

Position of Bix2X in our main categories:

Bix2X is also listed in the following subcategories:

Every company is different, and may require a special Financial Reporting Software solution that will be designed for their business size, type of customers and staff and even particular niche they deal with. You should not count on getting an ideal services that will work for each 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 software is supposed to do for your business and your workers. Do you require a simple and straightforward solution with only elementary functions? Will you actually use the complex functionalities required by experts and large enterprises? Are there any particular tools that are especially practical for the industry you operate in? If you ask yourself these questions it is going to be much easier to get a solid software that will fit your budget.

How Much Does Bix2X Cost?

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 realize that when you make a decision to buy Financial Reporting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Bix2X reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Bix2X. With that information at hand you should be equipped to make an informed buying 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?

  • email
  • phone
  • live support
  • training
  • tickets

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Bix2X Comparisons

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.

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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Reviewed By Jenny Chang
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