Unlock faster disbursals and streamlined repayments for credit and lending success

Ordo empowers credit and lending companies to optimise their operations and offer lower-cost repayments

Accelerate loan disbursals with Ordo Variable Recurring Payments (VRP)

Are you looking to streamline your lending process and provide faster loan disbursals to your customers? Ordo’s Variable Recurring Payments (VRP) offer real-time, end-to-end, fully managed payment solutions tailored for Credit and Lending Companies.

Supercharge Lending with Ordo's award-winning Variable Recurring Payments (VRP)

Collect repeated payments from customers under a single agreement – like a direct debit but dynamically flexible, with set up in minutes and instant payment. Amounts, frequency and oversight level can be altered, with agreement between business and payer, without having to cancel the relationship, meaning parties can dynamically respond to life’s changes: useful for businesses and helpful for consumers.

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“We decided to partner with Ordo because it meant there was very little development for us to do. Ordo has developed, and hosts, the whole white-labelled payment journey, from keeping a history of borrower and repayment activity to customer screen development, and all with fantastic customer UX. “With a cost-of-living squeeze upon us, demand for our services will be high, so being able to pass cost savings, from day 1 of offering Sweeping functionality, on to our customers is essential for us. “With this partnership, we can focus on the needs of our customers, not the complexities of technology delivery, improving financial management for our users, and make our lending, collections and reconciliation incredibly efficient.”

“Credit risk management is a real issue for energy suppliers alongside ongoing pressures to compete with more digitally rich offerings. Managed Credit is a compelling alternative to typical credit and prepayment arrangements adn has the potential to play a major role in helping energy suppliers to lower their operational costs, differentiate and grow”

Everyone we dealt with at Ordo, Francis, Mike, and Toby, were all very friendly and helped to keep us on track. They were always available to assist us if we had any questions. We look forward to our next Ordo integration for the new VRP (Variable Recurring Payments) functionality, which we’ll be integrating next.

We’re thrilled to be partnering with Ordo to bring instant Open Banking payments to our offering, both for pay out of loans to, and managed repayments from, our customers. All the team at Ordo were great to work with and the integration process was quick and easy with their expert guidance; they also worked with our CRM partner, BrightOffice, to ensure comprehensive assistance was given at every turn. As the cost of living crisis continues, customers need affordable credit where repayments are constantly being tailored to their individual affordability, and that’s what this partnership brings. Working with Ordo means our customers can feel in control of their money and always have an up to date position of where they are at.

Leveraging Ordo’s Open Banking capability means instants disbursals and flexible repayments which not only provide more options for borrowers but also fosters greater financial inclusion.

Benefits

Improved Customer satisfaction

Empower your customers with faster loan disbursals, leading to increased satisfaction and loyalty.

Lower default rates

Minimise instances of missed payments and defaults with the flexibility of Variable Recurring Payments (VRP).

Enhanced business efficiency

Ordo's VRP helps you expedite payment processes, reducing operational bottlenecks and increasing your business efficiency.

Decreased costs

Replace or supplement traditional payment methods (e.g., card payments, wire transfers) with low-cost Ordo Open Banking payments, reducing transaction fees by 80% or more.

Enhanced security

Utilise Ordo's highly secure, cloud-based, hosted platform to protect against fraud and enhance overall transaction security.

Seamless integration

Connect Ordo's Plug and Play platform to your existing systems for a seamless payment process in just a few weeks.

Streamlined repayment process

Enable borrowers to make quick and easy payments directly via their banking app.

Improved debt management

Track payments in real-time and utilise automated reconciliation tools for better debt management.

Flexible and manageable repayment process

Implement VRP to ensure accuracy and manageability with borrowers' finances, allowing them to repay loans according to their financial capabilities.

Regulatory compliance

Ensure compliance with regulatory requirements by adopting Ordo's fully hosted and managed payments solutions, minimising privacy, security, and regulatory overhead.