Specialist bank Aldermore has unveiled an online portal for brokers called Asset Backer which looks to improve the efficiency of transactions between small businesses and brokers.

The platform is now available on the Aldermore website, enabling brokers to easily manage their portfolio in one place, calculate and deliver quotes, submit new business proposals, generate documentation and e-sign agreement documents.

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Asset Backer streamlines the process of submitting new proposals by sending direct to Aldermore’s credit underwriters for review.

Patrick Jelly, commercial director for asset finance at Aldermore said: “Asset Backer is a fantastic new tool which will further enhance our customer experience offering. Brokers will now find the process of managing their portfolio much quicker and more efficiently.”

He added: “Over the next few years the development of our digital offering will be a key factor for the bank going forward. Offering an end to end fully paperless platform is part of this development and will help fulfil the one needs of brokers.”

Aldermore has recently boosted Simply’s block discounting facility to £30m. The grant makes Simply one of Aldermore’s most significant block funding partners.

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Mike Randall, chief executive officer of Simply Asset Finance, said of the grant: “As a new start company, we were fortunate that Aldermore could support us with a funding line in our first year of trading. Good working relationships are a core part of any partnership.”

Randall added: “Simply is revolutionizing how SMEs are able to access funding and, as part of this, Aldermore’s facility will enable us to lend and boost our support to more businesses.”

Lee Rhodes, commercial director for wholesale & structured asset finance at Aldermore said: “It is a real pleasure to be able to announce the latest deal with Simply. Right from the start we knew that we had to look not just at the numbers but also the people involved and what the team wanted to achieve.”

He added: “Simply has accomplished a great deal in its first two and a half years, and we are pleased to be part of that story.”