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Manual vs. automated routing of commercial loan files

Question: 
What are the tradeoffs between manual and automated workflows for commercial loan routing?
Answer: 

Many financial institutions still rely on manual routing and approval workflows for commercial loans. Staff must remember to move paper or electronic documents to the next reviewer, which can cause delays. Although manual approaches may be familiar to staff, automated workflows can accelerate handoffs between reviewers and reduce the chance for misplaced information.

Learn more about commercial lending workflows.

Vendor: 

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.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 04/16/2023

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