Third Party Integration with Flex

Flex provides a range of cutting-edge solutions intended to streamline the payment process and reduce manual labour. They offer innovative payment processing technologies and customizable solutions designed to meet the unique needs of businesses across various industries.

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SparkLMS integrates with the best breed of third-party solutions in the Lending Eco-system to run a lending portfolio easily and profitably. FLEX Payment Solutions + SparkLMS integration will allow borrowers to make payments conveniently through various channels such as credit/debit cards, ACH transfers, or mobile payments.

What it does

With this integration, lenders will be able to:

• Enable seamless payment processing.
• Provide borrowers with flexible payment scheduling options.
• Offer personalized payment reminders and notifications.
• Integrate loyalty rewards or incentives for timely payments.
• Allow borrowers to split payments or set up recurring payments.
• Provide instant access to payment history and transaction details.
• Facilitate easy communication.

Benefits

• Provides borrowers with multiple payment options.
• Reduces the transaction processing time, resulting in faster loan repayments.
• Comprehensive insights for informed decision-making.
• Improved risk management and regulatory compliance.
• Personalized payment options for tailored experiences.
• Automation of payment processing tasks reduces manual effort and administrative overhead.

Pre-requisites

After on-boarding your lending portfolio on SparkLMS, you must set up an account with FLEX Payment Solutions. We will guide you through the entire process of setting up FLEX Payment Solutions in your instance of SparkLMS.