Ongoing collection of customer financials

Question:

Why do banks collect customer financial documents on an ongoing basis?

Answer:

Some loans require ongoing collection of customer financial documents. For example, a small business owner may be asked to provide updated financial reports and tax statements on a regular basis so the bank can reassess the customer’s business health and perform updated financial analysis.
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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.