Labest developed a risk management software for inventory and stock financing
Details on Fintech Labest
The company Labest has developed risk management software for warehouse and inventory financing. This enables inventories and thus capital tied up in inventories to be used as loan collateral.
With the cloud-based software-as-a-service solution Labest.solutions, Labest has created a tool that enables banks to accept inventories as loan securities. This is feasible because the software maps goods movements and subjects the inventories to a daily updated market valuation from various price sources. Credit and inventory developments are compared, which allows both the company as well as the financing bank to assess developments, risks and potential transparently. This enables a dynamic, transparent & needs-based credit development.