Lenvi Riskfactor and ANACONDA form risk monitoring partnership

Lenvi Riskfactor has entered a strategic partnership with ANACONDA, e-trusco’s invoice-monitoring platform, in a move aimed at providing lenders with integrated risk oversight across receivables finance and factoring portfolios.

ANACONDA analyses data on receivables valued at €300bn a year, using algorithms to flag anomalies in invoice and payment information and support compliance and due-diligence checks. Its system imports records from financiers’ platforms and enables users to investigate potential issues and automate invoice verification.

Lenvi Riskfactor’s software monitors risk once funding has been released, tracking trends, detecting potential fraud and supporting forecasting. The companies said the link-up would create continuous monitoring from invoice receipt through to portfolio management.

The integration enables shared data and trend analysis between both systems, which they said could improve verification processes and reduce workloads for lenders previously operating the tools separately.

“Significant enhancements to our already market-leading invoice verification capabilities through improved data sharing between our businesses”, adding that the benefits for clients “will be multi-faceted, including increased efficiencies and reduced workload”.

He added that by integrating complementary solutions, the partnership “will not only streamline operations for our clients but also enhance overall risk management capabilities throughout the entire lending lifecycle”.