Exception-related data entry could be considerable, depending on the financial institution’s exception management system. A financial institution that tracks exceptions in spreadsheets might add a new row for each document that is missing or expired. Resolving an exception would likely involve updating data within that row or hiding the row from the spreadsheet.
Download Alogent’s exception cost calculator.
Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
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