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Have you ever seen an episode of Hoarders? If you're not familiar, it's an A&E show where people can nominate their messy family members or friends to get a team of experts to declutter their homes (and lives).
It's pretty dramatic and some of the conditions these people live in are downright disgusting. However, most of the time the episodes end in a positive light.
Usually, the hoarder is able to part with their trash and the best part: all of their other stuff gets professionally organized by a larger-than-life clean up crew. The series was a major hit with 15 seasons.
People love shows like this. What's more satisfying than an organized space, to know exactly where all of your stuff is without tearing the house apart? Everything, all in its right place.
If you're a fan of Hoarders, you might know Marie Kondo, too. She's made a career out of helping the disorganized get their acts together through her KonMari method. On her hit Netflix show Tidying Up, she famously helped people declutter and get rid of things that don't "spark joy."
Where are we going with all this?
Well, for most people in the factoring industry, portfolio management doesn't exactly "spark joy." In fact, it sparks a lot of frustration and wastes a ton of time.
Sifting through your data to make even the simplest of decisions shouldn't make you feel like you need to call in the experts at Hoarders.
Luckily, there's NN6.
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A Clearing Through the Clutter
The NN6 solution is a portfolio manager's dream. Why should it be so damn hard to manage your own data, communicate with your team, and audit the decisions that were made?
When these tasks feel like they're out of your control, it's easy to spiral out from there.
Think of NN6 as your very own expert organization crew. Our state-of-the art platform is revolutionizing factoring, allowing you to:
Create your own reports (for free): You can sort your portfolio by every imaginable metric you have ever thought of, and probably a few more. Dilution, Days to Pay, Weighted Days to Pay, any aging bucket you want. Sort by OAs, office, Account Manager, and much more. Also, you can save a customized view, set it and forget it. Real time data to use as you wish.
Communicate with your teams and clients: Without an all-in-one solution, communication is clunky. Once you've identified something that needs to be addressed, you have to then send an email or enter it in another system. NN6 has an easy-to-use, built-in communication platform that lives inside the system. Use it to create an audit trail for all to see. Know exactly what is going on with your clients so you can be proactive with them and your teams. It's a win-win for everyone.
Audit your data: NN6 provides proactive data, at the time of purchase, so you can see what anomalies are happening prior to purchasing the schedule of invoices. When you can see things from this perspective, you can get ahead of issues and notify your clients ASAP. Think of this feature like a brake for a car. Older, clunky systems are like driving a car with only a gas pedal. No more finding out about problems after you bought.
Today's factoring industry experiences tons of frustration around the reporting capabilities of existing vendors. For example, some vendors charge people to access their own data. We thought that was downright ridiculous.
Why do things the old way when you can forge a new path?
With NN6, you can say goodbye to hiring expensive consultants to sort through reams of reports, create spreadsheets, and email them out. Not only does that eat up a ton of time and resources, it's behind the curve and inefficient. It should all be at your fingertips.
Could you imagine being able to sift and sort however you want to? Instantly?
How much time would this save you?
What could your team do with the time they spend “reporting”?
When your house is in order, you can spend more of your time sparking joy, for both your teams and your clients.
Eager to learn more about how NN6 could transform your business? Head here to schedule a demo.
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