IRIS CRM, a payments industry’s leading customer resource management platform, announced its integration with Conformance Technologies’ PreComm ToolKit risk assessment and monitoring tool. This new alliance lets wholesale Independence Sales Organizations (ISOs) go through background checks of new merchants right from within IRIS CRM. It is thus reducing the time required to perform due diligence from 90 minutes or more to as little as 45 seconds.
Dimitri Akhrin, IRIS CRM Founder and CEO, highlighted how the new integration enhances its core mission. “At IRIS CRM, our goal has always been to bring all of the tools ISOs need together into one place, making their lives simpler and easier,” said Akhrin. “By partnering with Conformance Technologies to offer PreComm ToolKit directly within IRIS CRM, we’ve taken that convenience and centralization to an unprecedented level. We’re incredibly excited to be able to offer this new feature to our wholesale ISO users because it’s something they’ve been asking about for a long time,” added Akhrin.
As an advanced risk assessment and monitoring tool, PreComm Toolkit is designed to make the underwriting process easier, faster, cheaper, and more consistent. It facilitates ISOs with near-instantaneous access to 70 key data points, automated website screenshot capture, and intelligent trigger-word scanning, eliminating the need to gather and analyze data manually.
“IRIS CRM customers will benefit tremendously from PreComm ToolKit in terms of operational efficiencies, reduced risk, and enhanced revenues,” said Darrel Anderson, President of Conformance Technologies. “We are excited about our partnership and look forward to providing clients of IRIS CRM with greater merchant insights to make better and more informed boarding and pricing decisions,” added Anderson.
For the ISOs that are looking to automate and streamline sales, service delivery, and onboarding, IRIS CRM will prove the right tool of choice for them. This new partnership will let wholesale ISOs perform every single step of the merchant acquisition, management process, and boarding, including due diligence, within IRIS CRM, this makes it an only fully end-to-end solution available in the industry.
IRIS CRM and Conformance Technologies have completely automated merchant risk assessment by letting the PreComm ToolKit scan automatically once an applicant is moved into underwriting status. Assessment reports are processed and displayed in the underwriting tab of the CRM, where the color-coded results of each data point check are set out to make go-no-go and pricing decisions quicker, simpler, and more accurate than ever. Scheduling of rescanning depends completely on user-configuration, ensuring risk management is treated as an ongoing dynamic process and not as a one-time go.
