OSMO

Yes FT, Yes comment!

FT Adviser featured Vision Critical this month in a full article explaining how the company is looking to expand its data transparency service across Europe and the US. The piece comments that OSMO® has been adopted by 16 asset-based lenders in the UK, France, Germany, Holland and Belgium and that the technology is being developed for lenders in the US, which represents a significant opportunity. Ian Byers, corporate development director for Lloyds TSB Commercial Finance, made the following comment in respect of OSMO®: “Where there is manual intervention, there is risk. To be able to strip that out, is a benefit. The service reduces clerical work, because not having to re-key every invoice, there is less work for our clients. We would hope to have 80 per cent of our clients with this system at the end of the year. The faster it is, the faster we can react to our client. The faster information flow in our business and reliability of the data and this is crystal. Now it is an integral part of our business.”