Monitoring Solutions

1. Program Inventor

First Corporate Solutions created a paradigm shift in the factoring industry when we built our flagship program – First Corporate Solutions’ Account Monitoring. This program offers affordable and innovative recurring search options that provide early notification of potential credit risks, an indispensable service to factors because of your continuous purchase activity. To this day, our account monitoring program remains the industry standard for Factoring Companies worldwide and is an integral piece to our proud status as a preferred vendor of the International Factoring Association (IFA).

2. Exclusive Integration

First Corporate Solution is the only monitoring partner integrated with Commercial Lending Center Suite™/FactorSoft®.

3. Lien Focused Research

Pre-lien taxpayer change notifications provide depth, but it is the lien that matters. Factors are at risk for advances provided after an IRS lien is filed. From both the State and County filing offices, FCS alerts you to pertinent liens filed against your party, with an emphasis on quick reporting due to the IRS’ 45-day rule.

4. Emphasis on Name Variations

The IRS and other taxing agencies are not held to a strict debtor naming standard in the same way the Uniform Commercial Code holds Secured Parties when recording Financing Statements to perfect security interests. In many cases, getting the taxpayer name nearly right is enough for the IRS to collect over a secured creditor. With FCS, every name is professionally searched using broad-based search logic. We locate liens filed under name variations that could nevertheless prime your perfected security interest and inform you right away.

5. Breadth of Service

Only monitoring for Federal Tax Liens or IRS delinquencies? Consider what you may be missing. Uncover the full story on your clients with comprehensive monitoring programs from FCS that include Corporate Changes, Litigation and Bankruptcy, and State & County recurring searches for UCC1’s and UCC3’s, Federal Tax Liens, State Tax Liens and Judgment Liens.

6. Flexibility

Not every customer represents the same level of risk – manage and mitigate risk at the client level. With our flexible monitoring solutions, you can mix and match services to create unique packages on a per client basis, and our services are ideal complements to other monitoring solutions including credit monitoring and pre-lien IRS monitoring.

Nationwide State and County Lien Monitoring

Every name professionally searched with an emphasis on uncovering involuntary liens

Federal Tax Liens

Tax liens are the most urgent of all lien notifications – the IRS can prime your perfected UCC

State Tax Liens

Some state agencies can prime your perfected UCC

UCC1s AND UCC3s

Prompt alerts on new junior creditors, fraudulent terminations and inadvertent changes to your active UCCs

Judgment Liens

A great indicator of character – you’ll want to know as soon as possible if your client has been listed as a judgment debtor

Corporate Monitoring

Notification of pertinent changes relating to your client’s business entity

Change in Corporate Status

Be alerted if your customer has lost their good standing status for failure to meet a statutory requirement

Business Entity Name Change

Detect a business name change in time to file an amendment to protect your interest

Change in Principal Address

Know if your client has changed their principal address in plenty of time to make necessary changes to your UCCs

Bankruptcy Monitoring

Learn if your client has filed for bankruptcy

Newly Filed Cases at the State Court

Be alerted to any new cases that name your party as defendant at the State Court of General Jurisdiction

New Cases at U.S. District Court

Receive an alert from First Corporate Solutions any time your client is named as a defendant in a Federal suit

New Cases at U.S. Bankruptcy Court

Find out if your customer has filed for bankruptcy, even if you do not receive notification from the court

Litigation Monitoring

Learn if your client is being sued

Newly Filed Cases at the State Court

Be alerted to any new cases that name your party as defendant at the State Court of General Jurisdiction

New Cases at U.S. District Court

Receive an alert from First Corporate Solutions any time your client is named as a defendant in a Federal suit

New Cases at U.S. Bankruptcy Court

Find out if your customer has filed for bankruptcy, even if you do not receive notification from the court

Business Sales & Transfers Monitoring
(California Only)

First Corporate Solutions’ comprehensive self-service and alert notification Business Sales and Transfers Monitoring programs will ensure your full coverage in California. Designed specifically with the needs of unsecured creditors and business brokers in mind, our Business Sales and Transfers Monitoring options help reduce your risk.

First Corporate Solutions collects and organizes recorded notice and business transfer data throughout the state and inputs the information into the most comprehensive database of its kind!

Program Options

Integrated Monitoring Solutions From Within Commercial Lending Center Suite™/FactorSoft®

CLMS/FactorSoft users can now further enhance their experience and efficiencies with Account Monitoring by First Corporate Solutions. Employing user-defined rules and preferences, manage the entire update search process from within the CLMS/FactorSoft platform, and not only save time and effort, but also receive the most accurate and cost-effective lien monitoring service available, all from within the CLMS/FactorSoft application you already use.

How It Works?

Employing user-defined rules and preferences in CLMS/FactorSoft, a Factor can schedule search updates on clients and debtors, receive corresponding Alert notifications of pertinent liens and information, and then route the Alerts to automatically attach to their corresponding clients and debtors. Integrated Account Monitoring combines the strengths of Bayside’s CLMS/FactorSoft platform with First Corporate Solutions’ reporting services, bringing the next generation of factoring services to your fingertips.

Why Utilize CLMS/FactorSoft Integrated Monitoring Solutions?

• Streamline lien search updates on your portfolio by managing the process right from with CLMS/FactorSoft
• Simplify the setup and termination of Account Monitoring targets
• Save time by automating the connection of incoming alerts to their corresponding clients and debtors
• Reduce financial risk with “No Buy” flagging of clients and debtors with outstanding alerts
• Shorten notification time by displaying alerts within CLMS/FactorSoft
• Enhance the most accurate lien reporting with streamlined efficiency
• Save time and effort without compromise to accuracy and cost