SME lender, Reparo Finance, has launched a new digital portal to improve the deal submission journey for brokers, allowing faster decision-making.

Reparo says its online portal provides robust data protection, reducing the time it takes brokers to submit a deal and freeing up more time to focus on client relationships.

The technology allows brokers to communicate seamlessly with Reparo, upload documents and data in a secure, compliant environment and offers live status updates on the progress of their application.

The portal is integrated with information from Companies House and credit bureaux, allowing it to automatically collate data, accurately and securely. The portal can be used for both Reparo Finance’s secured and unsecured products.

Steve Richardson, commercial director of Reparo Finance, said: “In today’s climate, small businesses are often facing complex and challenging circumstances. They may be looking to take their business to the next level or keep cash flowing so getting decisions quickly to secure the right funding solution is critical.

“With our new portal, we’re making the submission processes easier, more efficient and more GDPR compliant, allowing brokers to receive the right funding solution for their clients, faster.

“We have a strong relationship with our network of brokers; we know that the deal submission process can often be very manual and time-consuming which could risk errors or duplication. By automating data entry, secure document storage and status updates, all in a seamless and compliant way, we hope to make our brokers’ lives easier, so they can spend more time understanding and supporting clients with their business needs.”