#None #enCORE #Ocrolus #cash flow data

Ocrolus Launches Encore

In an exciting development for small business funding, Ocrolus has introduced Encore, a unique platform designed to enhance the sharing of cash flow data among funders. This innovative solution aims to accelerate funding decisions for small businesses by ensuring that all parties involved have access to reliable and standardized cash flow metrics.

Since its inception in 2016, Ocrolus has been a forefront player in the realm of financial analytics, building a robust infrastructure that supports credit scoring models for over 175 funding partners, including major names like Enova, PayPal, and Square. With the training of its analytics on more than 15 million applications, Ocrolus has established itself as the premier choice for interpreting essential banking data for small and medium-sized businesses (SMBs).

Encore's launch comes at a time when efficiency in funding processes is of utmost importance. By creating a double opt-in borrower intelligence sharing platform, Encore facilitates an essential connection between trusted parties, allowing them to share deals in real-time. This collaboration is expected to lead to quicker funding decisions, stronger partnerships, and a wider access to capital for small businesses, ultimately paving the way for their growth.

As Trent Miskin, Co-founder and Chief Product Officer at Lendio, noted, "Encore allows our firms to drive a more streamlined experience that eliminates data-processing duplication, shortening speed to offer and improving the embedded experience that SMBs are demanding." This efficiency is key as funding brokers have historically relied on cumbersome processes that involve manually analyzing documents and verifying information, which often leads to potential errors and delays.

Traditionally, brokers would have to review bank statements quickly to estimate a borrower's revenue and assess their competitive landscape. This information would then be sent via email to funding sources, causing a breakdown in trust and requiring funders to re-analyze original submissions, leading to wasted time and resources. Furthermore, the practice of converting digital banking data into PDFs for email distribution has been both time-consuming and fraught with data integrity concerns.

Encore addresses these inefficiencies by offering a seamless, secure, and trusted data-sharing experience that eliminates friction points that have long plagued the industry. The expectation is that this will enable lenders and brokers to focus on making informed decisions rather than getting bogged down in administrative tasks.

David Snitkof, Ocrolus's General Manager for SMB, emphasizes the importance of enhancing origination volumes: "With Encore, we're helping brokers and funders say yes more often by enabling them to convert more of their leads, fund larger deals, and serve a broader range of industries."

The Encore platform is already deployed with a select group of early adopter partners, who will continue to utilize the system throughout the remainder of the year, with plans for more extensive availability starting January 2026.

In summary, with Encore, Ocrolus is setting a new standard for cash flow data sharing that not only bridges gaps between funders but also serves to bolster the financial ecosystem for small businesses, ensuring they have the access needed to thrive and expand.

For more information about Ocrolus and its services, visit Ocrolus.com.