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Banks and Savings Banks Can now Speed Up the Loan Granting Process
SGAIM presents its new Credit Risk Management service, in outsourcing format, to enable the management of an error-free loan granting process, which is a necessary innovative technological solution in the current economic climate.
Madrid, February 2009. SGAIM, as a company that provides solutions for the electronic management of business content, uses the most advanced technologies to enable automatic credit risk assessment.
At present, the banks manage a large amount of information contained in their customers’ financial statements when they apply for loans in order to reduce the risk of default, assuming high costs, a high error rate and long management processes.
SGAIM has developed the Credit RISK Management solution aimed at achieving a reduction in costs by offering high quality information and guaranteeing a correct credit risk assessment.
Credit RISK Management enables the data to be extracted quickly and easily from the financial statements provided by the banks’ customers, whether it is required for rating, scoring or any other use. The documents presented in paper format, Excel, Word or other formats are processed by SGAIM’s intelligent systems and converted to the financial standard XBRL (eXtensible Business Reporting Language) for easy integration with any business application.
With the introduction of SGAIM’s solutions they achieve a reduction of between 70% and 80% in costs, by converting them from fixed to variable costs; minimisation of errors by applying automation; a fast response for the granting of loans and improvement in quality of service to the customer.
About SGAIM
SGAIM, as the leading company in the development of solutions for the electronic management of business content and business processes, with over 20 years of experience, has a content management system which classifies, extracts and validates the information used by companies.
Its extensive client portfolio is active in Europe (Italy, Portugal, Germany, France, Belgium, Holland and England) and in Latin America (Mexico). Its strategic expansion plan includes the markets of Europe and Latin America.
