Customer financial documents

Question:

What does the term “customer financials” refer to in the banking industry?

Answer:

“Customer financials” typically refers to financial documents that are provided by a customer to a bank. Such documents may vary from an income statement for a business to a W-2 for an individual. Customer financial documents are important to help banks make informed lending decisions, especially for complex commercial loans.
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Vendor:

AccuSystems

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.