RIVO could be seen, on the surface, as just a shiny new way of entering LC and Guarantee details and submitting them to the processor.
But is there more to it than that? Apart from a modernized user experience, what makes RIVO better than all the rest?
The answer to that goes far deeper than which latest widgets were used to make it look good.
It centers on reducing all the messy duplication of effort and verification that happens after an Applicant clicks on Save.
RIVO is designed from the ground up to be transparent and collaborative .
- Transparent , in that all parties are looking at the same data keyed in by the applicant –
nothing to re-key, nothing to transform. Financier , Applicant , Beneficiary – all see the same details.
- Collaborative , means that if there is any part of those details, that any party has a query on, they can ask a question about it.
Take one simple query that could take days to solve via emails and phone calls but is instead, asked and resolved in RIVO instead.
Now everyone knows that it has been discussed and agreed and the time not spent on answering emails is focused where it is needed more.
Transparency and collaboration builds trust faster between participants leading to reduced costs, greater accuracy – better business.
See what is RIVO?