Commonwealth Bank has launched a pilot program, working with the accounting software company Figured, aimed at developing financial management solutions for farmers. One hundred CBA agribusiness clients will participate in the pilot, which will run for 12 months, to see if a collaborative approach between the farmer, accountant and bank relationship manager produces benefits. The Figured software enables real-time budgeting and forecasting. ASX-listed loan broker Mortgage Choice has added online small business lender, Prospa, to its panel. Mortgage Choice general manager of product Emma Dupont-Brown said her firm was looking for players in the field of small business lending and settled on Prospa. "A significant proportion of our customers are small business owners who have very specific commercial lending and cash flow financing needs," she said. Prospa's head of sales and business development, Matt Bauld, said "Through this partnership, we're not only giving Mortgage Choice's brokers access to small business loans, but the ability to meet the cash flow finance needs of their customer base." Australian asset-backed securities continued to perform within rating expectations in the third quarter of 2016, according to a recent report by S&P Global Ratings. The report cites "the soundness of the collateral performance of ABS transactions, particularly auto loan ABS," the ratings agency said via media release yesterday. "The continued credit enhancement to senior notes within the transactions bodes well for the ability of the ratings to withstand deterioration in economic conditions," S&P stated.