eRevWorks^SM: Frequently Asked Questions

eRevWorks uses the eRevenue® system which allows the bank to view all information regarding their portfolio. Management personnel will have the ability to pull up a password protected dashboard which outlines crucial financial, statistical and potentially problematic information regarding every phase of the funding process. This real-time information can be used to immediately remedy any potential problems and thwart off trouble in the portfolio before it even has the opportunity to materialize.


Absolutely. The eRevenue® system Inova uses provides complete visibility throughout the entire life cycle of the invoices used to support the ABL line as well as invoices purchased on the TBF program. The life cycle is permanently preserved in an audit trail for compliance purposes.


No. Your information can be viewed online through a secure web interface. Your bank will be set up with secure user names and passwords enabling you to access/view online all information regarding every aspect of the process.


Any process relating to actual funding (such as the actual draw or advance) or the receiving of money (such as check receipts) would always remain in-house. Processes that do not touch the money can be performed by the eRevWorks Processing Center. For example, the bank would receive payments on invoices at their lockbox, but eRevWorks would post the payments into the system through an electronic feed of the image received at the lockbox.


eRevWorks is staffed with management personnel who regularly assist banks in setting up their own policies and procedures designed to plug into the system for portfolio safety and control. Many of our people have actually written the policies for financial institutions and are very aware of the issues involved with portfolio compliance.


The main decision should come from the bank's internal credit policies. Typically, a bank client that has outgrown their borrowing base but has an excellent customer base is a good fit for TBF since no lending is occurring. The invoices are actually purchased by the bank. A bank client that has not totally outgrown their borrowing base but needs to free up company assets for equipment loans, etc., is potentially a good fit for an Asset-Based Lending Line secured primarily with receivables since this is a true lending scenario.

Many other factors come into play based upon the credit culture of the financial institution.


Safety. TBF is invoice-specific, not batch-based, which means there is complete visibility and control into the entire cycle of that invoice (invoice purchased » advanced » collected » posted).


Once you make the decision to move forward, eRevWorks will immediately begin to structure your program by meeting with you and setting up the policies, procedures and safety parameters you desire. After that, it is just a matter of you identifying which bank clients you want to put on one of these working capital products. For most banks the majority of the setup occurs in 2-3 weeks.


Yes. eRevWorks will run credit on any of your client's customers or your potential client's customers. This credit information is a valuable analytical tool for you to decide which bank clients would be right for one of these working capital programs.


No. The eRevenue® program allows your clients to simply select the dollar amount (ABL) or specific invoices (TBF) against which they would like to fund. Your client has complete freedom to only take the money needed with no charge for the remaining borrowing base or specific invoices they do not wish to draw/advance against.


The bank will have access to their own password protected data base regarding any information that is sensitive and pertinent to them (such as their yield). Yield is calculated real-time and can be evaluated across a host of different portfolio metrics.


From their secure client interface, your clients can upload their invoices to eRevWorks directly from their accounting package. Many other methods are available, depending on the sophistication level of the client.


No problem. eRevWorks provides training and on-going support and will walk your clients through each step. Additionally, if your customers are more comfortable, they can send, email or fax their invoices to the eRevWorks Processing Center.