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Paper Loan Files and Information Loss

Question: 
Is our bank at risk if we continue to rely exclusively on paper loan files?
Answer: 

Our study of 103 community bankers found that many banks are indeed at risk of information loss due to their prolonged reliance on paper loan documents. Digitizing your commercial loan files reduces risk of information loss caused by misplaced documents, damaged files, or more devastating events, such as a fire or flood.

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Download our study of 103 community bankers for the full report.

Vendor: 

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.

First published on 02/16/2020

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