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Reasons for promptly clearing exceptions

Question: 
Why should exceptions be promptly cleared?
Answer: 

In addition to mitigating risk for the financial institution, promptly resolving exceptions can ensure streamlined customer or member experiences. Conversely, failing to clear exceptions could lead to outdated exception reports, unnecessary documentation requests, and friction with account holders.

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resolving exceptions

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

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+1-678-966-0844

First published on 02/25/2024

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