Lavol Relaunches Lecto Platform to Support User Growth

Lecto Inc., which promotes digital transformation in accounts receivable management operations, is pleased to announce that Lavol Inc., which provides AI factoring services, will reintroduce the “Lecto Platform” to promote the establishment of an accounts receivable management system.

Labol is a Fintech company that provides financial services that can be completed online, such as “labol,” an AI factoring service that purchases invoices for freelancers and SMBs (small and medium-sized businesses), and “labol Card Payment,” a card payment service that allows business expenses to be paid later by credit card.

Lavol introduced the Lecto Platform in 2022 to promote the automation of accounts receivable management, but then switched to operating using its own in-house system and built its own unique structure. However, with the increase in the freelance population and the rapid expansion in the number of service users, new issues have emerged, such as the increasing complexity and burden of accounts receivable management and collection operations. As a result, the need for operational efficiency once again increased, and the company re-introduced the Lecto Platform, which provides more accurate automated responses and scalability.

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Lecto will support Labor in improving business efficiency and expanding its services through the “Lecto Platform,” which can automate not only emails and SMS but also labor-intensive tasks such as phone calls and written correspondence.

The “Lecto Platform” can be used in a variety of industries

Lecto is a Fintech company that develops “collection and dunning tech.” It aims to improve the tedious back-end processes and complex, highly personalized workflows of financial services and retail subscription services, and provide comprehensive solutions for everything from receivables management (customer management) and collections to off-balance sheet transactions. This will enable it to improve customer satisfaction and service UX.

SOURCE: PRTimes