Renewal tracking that gets you there first

A merchant who paid down an advance on time is the easiest deal you will place this year. Funders know it too, and many reach out directly. The broker who sees the window first usually keeps the deal. That needs one number per merchant: how much of the payback has been paid in.

Each funded deal has a remittance ledger. Record payments and balance snapshots as lenders report them, including returned debits with their return codes, or import a lender's remittance report as a CSV and match each row to a funded deal. The CRM keeps the amount remitted, the balance and the paid-in percentage current.

paid-in % = amount remitted / payback x 100
eligible when paid-in % >= the lender's renewal threshold

Servicing status (performing, behind, NSF returns, modified, default, paid off and so on) sits beside it, so you do not chase a renewal on a merchant who is behind.

Lenders set their own renewal thresholds, often around 40% to 60% paid in. Put each lender's threshold on the lender record. The renewals list shows merchants eligible now, those expected to cross the line within 30 days at their current pace, and those projected later.

Start renewal creates a new deal of type renewal, linked to the original, with the merchant and owners already in place. The renewal's payoff of the remaining balance goes into the offer as a payoff, so net funding is right.

On plans that include renewal automation, renewal deals and tasks are created automatically when a merchant becomes eligible, and assigned to the rep who closed the original. On other plans the list and the one-click start do the same job by hand.