I had the pleasure of chatting with Shane Mahabir over at FunderIntel on two very hot topics in the business finance community when it comes to merchant cash advances and revenue based advances. The two topics are reconciliation and data security.
Reconciliation
With legislation coming down the pipeline both at the state and federal levels for MCA’s and RBA’s, reconciliation has been one of the hottest topics in the business finance sector. How much should funders be drafting merchants? What is actually in the funding contract from a legal perspective? What actions can be taken to make sure merchants are protected? What can funders do to make sure they are protected?
Data Security
Data and document theft is at an all time high and both ISO’s and funders alike are very frustrated. When using a software platform what are some of the features that can be used to protect your data and your documents. Software companies can only do so much to help you protect your information and make sure your platforms and systems are under lock and key.
