Banking Solutions. Loan Granting Document Management
SGAIM has designed the loan granting document management service to speed up the response to the customer and guarantee compliance with the financial institution’s requirements.
During the loan granting process, banks exchange a large amount of documents; the information they transmit is stored in different formats, the need for error-free data is essential and immediate access to this data is a basic requirement.
In the light of this problem, SGAIM has developed the Credit Risk Management solution via the scanning of the documents involved (balance sheets, profit and loss accounts, annual reports…); their auto-categorisation and the intelligent extraction of the information offers the data for a rapid, error-free assessment of the customers’ risk.
SGAIM’s Credit RISK Management allows data to be obtained quickly and easily from the balance sheets provided by customers, to be used for rating, scoring or any other risk calculation. Documents presented in paper or digital format (Excel, Word, etc.) are processed by SGAIM and converted to the XBRL standard (eXtensible Business Reporting Language) for easy integration with the banks’ business applications.
Benefits of the Loan Granting Document Management Service
- 70 - 80% reduction in costs
- Turning fixed costs into variable costs.
- Reduction in times for the decision making process.
- Increase in fluidity of the process.
- Reduction in risk of error via the application of automation.
- More reliable information for the decision-making process
- Replacing paper with document images and structured data.
Loan Granting Document Management. Loans are granted more rapidly and with solvency guarantees
